A forum was launched in Istanbul on Saturday, bringing together businessmen and young people passionate about trade and entrepreneurship.

The program is organized by the Turkish YediHilal Association within the framework of its “School of Commerce” project.

The forum began at the Center of the Association of Independent Businessmen and Industrialists “MUSIAD”, and focuses on “export” in this year’s edition, and will conclude its work on Sunday.

In his opening speech, the association’s president, Samad Bajaji, said that they have been working to raise an educated and qualified young generation since 2013.

He stressed the association’s keenness to raise Muslim merchants who “respect what is permissible and what is forbidden and pay attention to zakat.”

In turn, the head of the Commerce School Committee, Muhammad Jabaji, stressed the importance of youth and stated that they are organizing the forum for their sake.

He stressed that trust constitutes the backbone of trade and without it it is not possible to do business at the local and international levels.

He explained that they have been organizing trade school forums since 2018.

He stated that they have met more than two thousand young people to date, 35 of whom have established companies, many of which export and provide job opportunities for many.

The project consists of three stages, the first in the form of sessions under the titles of boldness, patience, gratitude, and business ethics.

The forum organizers divide the young participants into groups in order to listen to their investment ideas.

The winner of the best investment idea will receive a sum of cash.

As for the second stage, participants will undergo distance learning lessons for a period of 6 weeks by professional investors on the basics of investment, digital marketing, financial management, creative thinking, intellectual development, and others.

In the third stage, the project will communicate with the participants who have successfully passed the previous two stages in a guidance framework and to transfer experience to the trainees so that they can establish their own businesses.

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The Consulate General of Turkey in New York City at the Turkish House on Wednesday organized the “Economy and Politics Talks,” the first event of its kind with the participation of economist Nouriel Roubini.

The discussions were moderated by the Turkish Ministry of Treasury and Finance Attaché Gozde Jezmegul, where topics such as global economic developments, geopolitical tensions, inflation, interest rate expectations, trade relations between the United States and China, emerging markets, and artificial intelligence were discussed.

In his speech, the Turkish Consul General in New York, Reyhan Ozgur, pointed out that Turkey hosts many meetings, events and discussion panels, and that they are happy to hold the first episode of a new series of events called “Economy and Politics Talks.”

Ozgur pointed out that the series of events was launched at a time of political and economic uncertainty, explaining: “We are witnessing unprecedented changes and challenges shaping our world through the emergence of new economic forces and new technologies.”

He stressed the importance of engaging in dialogue and exchanging knowledge and experience in times like these.

He stated that they aim to “develop dialogue on political and economic developments between financial institutions, the private sector, government officials and academia through this event,” and the consul expressed his belief that the discussions that will be held will be useful.

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Iraqi government spokesman Bassem al-Awadi said that the expected visit of Turkish President Recep Tayyip Erdogan to Iraq tomorrow, Monday, represents a “qualitative shift” in bilateral relations between the two countries and will witness the discussion of “important files.”

This came in statements made by Al-Awadi prior to Erdogan’s visit to Baghdad, and comes 12 years after his last visit to Iraq.

Al-Awadi added that the visit will be a “qualitative shift” in Iraqi-Turkish relations, especially since preparations for it have been taking place for about a year.

It is expected that Erdogan’s visit to Iraq will give an “important impetus” to strengthening economic and trade relations between the two countries, in addition to politics and security issues.

Turkish Trade Minister Ömer Polat previously said that Baghdad and Ankara will sign during President Erdogan’s visit to Iraq “a joint declaration regarding the establishment of the joint economic and trade committee and the protocol for establishing a consultation and cooperation mechanism in the areas of product safety and technical barriers.”

He added: “The Turkish Council for Foreign Economic Relations and the Federation of Chambers of Commerce in Iraq will also sign 3 agreements in the trade field, including a memorandum of understanding.”

The Iraqi government spokesman explained that “there are 4 important files on the agenda, the most important of which is the water file and the development road file, in addition to the security file related to the terrorist PKK organization.”

The fourth file, according to Al-Awadi, is “the Turkish companies file, which gains its importance from the strength of trade exchanges between Iraq and Turkey, in addition to other files that will dominate the Turkish president’s visit to Baghdad.”

Regarding the water file, Al-Awadi pointed out, “A strategic agreement will be signed between Erdogan and Iraqi Prime Minister Muhammad Shiaa Al-Sudani, given that Turkey is a country described internationally as one of the best countries in the world in investing in water wealth by all means and methods, and therefore they have great experience.”

Regarding the development path, the spokesman stressed that “there will be important agreements and things announced between the two sides, given that the center of the path is Turkey, and it will be at the heart of the negotiations, along with the file of Turkish companies’ investments and their role and work in Iraq.”

The development road project includes a land road and a railway linking trade routes in Asia, the Gulf states to the south, and European markets through Turkish territory.

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Turkish Trade Minister Ömer Polat discussed with UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi the economic and trade relations between the two countries.

Polat said in a post on the “X” platform that he held discussions with the Emirati minister in a phone call that took place between them on Thursday.

He stated that he agreed with Al-Zeyoudi to accelerate the necessary steps to increase the volume of trade between the two countries and increase investments through the opportunities provided by the Comprehensive Economic Partnership Agreement between the two countries.

He added: “The economic relations between Turkey and the UAE have a multi-dimensional structure that includes trade, investment, energy and tourism, and we will continue to work to further strengthen our economic relationship.”

The two ministers also exchanged congratulations on Eid al-Fitr, the first day of which fell yesterday, Wednesday, according to the same publication.

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Georgia’s ambassador to Ankara, George Janjgava, said that his country’s foreign trade volume with Turkey rose by 6 percent in 2023 to reach $3 billion.

Janjgava explained in a statement that this figure constitutes 13.5 percent of Georgia’s total annual foreign trade volume, which amounts to $22 billion.

He pointed out that Turkey is a good neighbor and a friendly country to Georgia and that it is also a strategic partner.

He stressed that relations between the two countries are developing in all fields and sectors, noting that the two countries celebrated in 2022 the thirtieth anniversary of the establishment of diplomatic relations between them.

He pointed to Ankara’s role as a mediator in the Russian-Ukrainian war, describing Turkey as a “leading country” at the regional and international levels.

He continued: “Thanks to its strong administration and economy, Turkey is making the necessary efforts to contribute positively to regional and global peace.”

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Turkey and the Gulf Cooperation Council signed a joint statement on Thursday in the capital, Ankara, to begin negotiations between the two sides regarding a free trade agreement.

The statement was signed by the Turkish Minister of Commerce, Ömer Polat, while the Secretary-General of the Cooperation Council, Jassim Muhammad Al-Budaiwi, represented the Gulf Cooperation Council.

In a speech during the signing ceremony, Polat said that when negotiations on the agreement are completed, the opportunity will emerge to develop and diversify trade and economic relations between the two parties within a more comprehensive framework.

Polat stated that the goal is to make a serious contribution to the well-being of Turkey and the Gulf Cooperation Council countries with the completion of the negotiation process and the entry into force of the free trade agreement between the two sides.

For his part, Secretary-General of the Gulf Cooperation Council, Jassim Al-Budaiwi, said that the signing of the statement is evidence of the strength of the strategic and deep partnership between the GCC countries and Turkey.

He added that the signing of the statement also indicates the regional and international standing achieved by the Gulf Cooperation Council countries at all levels, including the commercial, economic and financial standing.

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Turkish President Recep Tayyip Erdogan stated that the volume of trade between his country and the UAE exceeded $20 billion, indicating that the goal is to exceed $50 billion.

This came during his meeting on Tuesday with representatives of international investment companies and companies owned by princely families in Dubai, according to a statement by the Communications Department of the Turkish Presidency.

During the meeting, Erdogan mentioned that about 600 companies with Emirati capital are currently operating in Turkey, and that the volume of trade exchange between the two countries has exceeded the level of 20 billion dollars.

Erdogan called on Emirati companies to invest in Turkey, pointing out that the goal in the coming period is to exceed the level of $50 billion in trade exchange.​​​​​​

At dawn on Tuesday, Turkish President Recep Tayyip Erdogan arrived in the United Arab Emirates on an official visit.

Erdogan was received at Dubai International Airport by UAE Minister of Economy Abdullah bin Touq Al Marri, Turkish Ambassador to Abu Dhabi Turgay Tuncer, Turkish Consul in Dubai Onur Çaylan and others concerned.

Erdogan is accompanied on his visit by Foreign Minister Hakan Fidan, Energy and Natural Resources Minister Alp Arslan Bayraktar, and Treasury and Finance Minister Mehmet Simsek.

In addition to the Minister of Defense, Yaşar Guler, Health, Fahrettin Koca, Industry and Technology, Mehmet Fatih Kaçer, and Trade, Omar Polat.

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Turkish Trade Minister Omer Bolat announced that his ministry is focusing more on artificial intelligence in trade and export.

He added in his speech on Wednesday that they intend to establish an electronic export platform during the next year 2024.

He explained that the platform also includes a bulletin to inform exporters of all topics of interest to them, indicating that it will be distinctive in that it is equipped with artificial intelligence.

In a related context, the Turkish Minister also stressed their keenness to achieve digital transformation in trade and export in line with technological developments around the world and enhance Turkey’s competitive position in this field.

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On Thursday, the city of Istanbul hosted the second “Turkish-American Business Summit” during the year 2023, with the participation of officials and economic figures from the two countries.

The summit was organized by the American Business Association in the presence of Turkish Deputy Minister of Trade Mustafa Tuzcu and Deputy Head of the Investment Office of the Turkish Presidency Bekir Bolat.

It was also attended by the Consul General of the United States of America in Istanbul, Julie Ede, and the head of the American Business Association branch in Turkey, Tankut Turnaoglu.

The Turkish-American Business Summit included discussion sessions on various issues such as relations between the two countries and investment and innovation opportunities.

Tuzcu said in a speech he delivered during the opening of the summit that American companies investing in Turkey have a major stake in export and growth goals.

He pointed out that many American companies moved their production centers to Turkey after global and regional problems, and began using Turkey as a supply base as a “strong partner.”

He revealed that last year, the United States ranked second among Turkey’s largest export markets after the trade volume between the two countries reached about 37-38 billion dollars.

In turn, Bolat said that Turkey is a country that is “resistant to global risks and shocks,” and that it always achieves sustainable growth despite all international or regional shocks.

He pointed out that Turkey is the third fastest growing country among the G20 members, and its economic size will reach one trillion dollars by the end of 2023 and has a growth rate of 5.4 percent in the past twenty years.

For her part, Ede stressed that Turkey “has been and will always remain a very important partner for the United States, and the relationship between the two countries is not limited only to the exchange of goods and services.”

American diplomacy said, “There is a shared commitment between the two countries to progress, growth, development, and mutual benefit from each other.”

As for Turnaoglu, he said: “Our most important priority is to protect existing investments in Turkey.”

He added: “Our second priority is to support Turkey as a regional hub for American companies, whether for Eurasia, the Middle East, or Southern Europe.”

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Turkish Trade Minister Omer Bolat stated that the “constructive and positive” dialogue was clear during the meetings with European ministers since the formation of the new Turkish government last June.

This came in an interview with journalists in Istanbul on Sunday.

The Turkish minister explained that the prevailing atmosphere in the European Union is “the eagerness for more trade, economic and investment cooperation with Turkey” in the new period.

He added: “If the European Commission’s report is accepted regarding modernizing and expanding the customs union and facilitating visas at the beginning of 2024, we will witness more positive days.”

He pointed out that his country’s primary goal is to attract more investments from the European Union in the field of trade, supplies, logistics, energy and industry.

He pointed out that they want to expand the customs union to include the services sector and e-commerce, and that they are ready for negotiations in this regard.

The Customs Union entered into force on January 1, 1996 pursuant to the decision taken at the Turkish-European Association Council meeting on March 6, 1995 following negotiations between Turkey and the European Union.

Turkey is demanding that the agreement be updated, justifying this by saying that it suffers from structural problems with the development of the current trade structure.

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