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  • 17-08-22

    Turkish trade body: Turkey needs to grow Libya-focused African initiative

    (MENAFN) Libya is the new focus of attraction for international competition and "Türkiye must develop a Libya-focused African initiative," as stated by the Libyan official of a Turkish business office.

    "The whole world will turn to Africa for the next 100 years," Murtaza Karanfil, leader of the Istanbul-based Independent Industrialists’ and Businessmen's Association (MUSIAD), stated in an announcement.

    Karanfil stated that "We must design and develop our foreign trade reforms in a way that appeals to Africa in order not to fall behind in the race for policies to expand the dominance brought by the global order."

    The leader of MUSIAD also mentioned that "For this reason, in addition to the Exclusive Economic Zone Agreement signed between Libya and Türkiye and the Security and Military Cooperation Memorandum of Understanding, a new agreement must be signed. Because we fully believe that Türkiye, which has a trade volume of USD28 billion with 54 countries on the African continent, will be able to move its trade with Africa to the next level thanks to the new agreements to be made with Libya."

    He continued, the steadiness and security of Libya, which is in a key location for the security of Africa, is one of the most important concerns that should not be overlooked in today's world, where the stability of power is quite volatile.

    MENAFN17082022000045014228ID1104709546

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