Turkish Ambassador Esin Çaklu said Turkiye Bahrain’s bilateral trade increased by 66% last year to $884 million, showing strong upward momentum.
Ms Çaklu was speaking yesterday at an event hosting a Turkish trade delegation at the InterContinental Bahrain.
Citing data from the Turkish Statistical Institute, the diplomat said Turkiye’s exports to Bahrain in 2022 will be worth $215 million, with the majority of primary product exports being machinery and machine parts, furniture, medicine, and automobiles. It said it is concentrating on parts, poultry, dairy products and agricultural products. Tobacco products.
“Turkiye’s import value from Bahrain was recorded at $669 million in 2022, with aluminum products, inorganic chemicals and petrochemicals being the main items.”
In 2022, Turkiye, Bahrain’s 11th largest partner by trade volume, ranked 6th in Bahrain’s exports and 15th in imports.
Çakir added: “Although trade volumes have increased over the past three years, their potential remains well below, and we are continuing to hold trade delegations and one-on-one meetings to improve our long-standing relationship.” We are exploring initiatives such as opportunities for higher level.
“The possibilities are enormous. By increasing our B2B connections, we aim to improve economic relations and cooperation in the areas of trade and investment.”
According to the Turkish ambassador, Bahrain is one of the most diversified economies in the Gulf region, with industrial manufacturing leading to petrochemicals, steel, aluminum-based industries and pharmaceuticals, in addition to being a regional financial hub and tourist destination. It is the main force behind development. and a wide range of fields.
The B2B was held by a delegation of 17 Turkish companies representing sectors such as construction, steel products, furniture and carpets, glass, ceramics, earthen products, dried fruits, personal care, sanitary products, cleaning products, machinery and spare parts. . Meetings with over 150 Bahraini officials.
The main topic of this one-on-one meeting, held with the support of Turkiye Exporters Conference, Central Anatolian Exporters Association, Bahrain Businessmen’s Association and Bahrain Businessmen’s Association, was to highlight business opportunities, cooperation and joint venture possibilities. It was about exploring.
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