{"id":72544,"date":"2023-08-03T00:00:00","date_gmt":"2023-08-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/03\/egypt-turkey-eye-boosting-trade-by-50-over-the-next-five-years-iran-syria-remove-trade-tariffs-plus-more-from-algeria-iran-and-saudi-arabia\/"},"modified":"2023-08-03T00:00:00","modified_gmt":"2023-08-03T00:00:00","slug":"egypt-turkey-eye-boosting-trade-by-50-over-the-next-five-years-iran-syria-remove-trade-tariffs-plus-more-from-algeria-iran-and-saudi-arabia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/03\/egypt-turkey-eye-boosting-trade-by-50-over-the-next-five-years-iran-syria-remove-trade-tariffs-plus-more-from-algeria-iran-and-saudi-arabia\/","title":{"rendered":"Egypt, Turkey eye boosting trade by 50% over the next five years + Iran, Syria remove trade tariffs. PLUS: More from Algeria, Iran, and Saudi Arabia"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Egyptian <\/span><span style=\"font-weight:700\">Trade and Industry Minister Ahmed <\/span><span style=\"font-weight:700\">Samir Saleh<\/span><span style=\"font-weight:700\"> and<\/span><span style=\"font-weight:700\"> his <\/span><span style=\"font-weight:700\">Turkish counterpart \u00d6mer Bolat<\/span><span style=\"font-weight:700\">plan to boost trade to USD 15 bn <\/span><span style=\"\">over the next <\/span><span style=\"\">five years, with an eye to hit the USD 10 bn mark this year, <\/span><span>the countries said in separate statements (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/photo?fbid=742556554581434&set=pcb.742556637914759\" style=\"\">here<\/a><\/span><span> and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.ticaret.gov.tr\/haberler\/ticaret-bakani-bolat-misir-sanayi-ve-ticaret-bakani-saleh-ile-gorustu\" style=\"\">here<\/a><\/span><span>)<\/span><span style=\"font-weight:400;\">. The meeting took place during Saleh\u2019s visit to Turkey, which is the first by an Egyptian trade minister in a decade.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">This is the first visit to Turkey by an Egyptian trade minister in 10 years:<\/span><span style=\"\"> The meetings <\/span><span>come a few weeks after presidents Abdel Fattah El Sisi and Recep Tayyip Erdogan <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/467e7c7c-3c5e-45ce-bc81-70050a95fabf\" style=\"\">agreed to reestablish diplomatic ties<\/a><\/span><span> and appoint ambassadors after 10 years of hostilities. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Iran + Syria are cutting bilateral trade tariffs:<\/span><span style=\"\">Iranian Roads and Urban Development <\/span><span style=\"\">Minister Mehrdad Bazrpash and Syrian Economy and Foreign Trade Minister Mohamed Samer al Khalil agreed to remove bilateral trade tariffs <\/span><span>at a <\/span><span>meeting of the heads of the Iran-Syria Joint Economic Commission, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tasnimnews.com\/en\/news\/2023\/07\/31\/2933971\/iran-syria-stress-pursuing-implementation-of-bilateral-agreements\" style=\"\">Tasnim News Agency<\/a><\/span><span> reports. They also discussed using the Iran-Iraq-Syria Railway as a land route transit alternative, as well as the repair and maintenance of existing rail routes, rail fleet servicing and creating a new railway link between Iraq and Syria and a truck transit agreement between Iraq, Syria and Iran. They also discussed boosting air and maritime port partnerships and implementing a trade agreement, Tasnim adds.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"font-weight:700\">Uzbek <\/span><span style=\"\">and <\/span><span style=\"font-weight:700\">Iranian <\/span><span style=\"\">officials discussed using<\/span><span style=\"font-weight:700\"> Iran\u2019s Bandar Abbas<\/span><span style=\"\"> and <\/span><span style=\"font-weight:700\">Chabahar ports<\/span><span style=\"\"> as part of a transport corridor between them. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.mehrnews.com\/news\/204054\/Iran-Turkmenistan-Uzbekistan-hold-talks-on-transit-corridor\" style=\"\">Mehr News Agency<\/a><\/span><span style=\"font-weight:400;\">) <\/span><\/li>\n<li><span style=\"\">The<\/span><span style=\"font-weight:700\"> Brazil-Saudi Arabia Investment Forum<\/span><span style=\"\"> discussed potentially cooperating and attracting investments in the transportation, <\/span><span style=\"font-weight:700\">logistics services<\/span><span style=\"\">, mining, food industries, agriculture, healthcare, sports, and entertainment. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudigazette.com.sa\/article\/634640\/SAUDI-ARABIA\/Over-25-MoUs-signed-during-Brazil-Saudi-Investment-Forum-nbsp-nbsp\" style=\"\">Saudi Gazette<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"\">The Iran-Pakistan joint <\/span><span style=\"font-weight:700\">economic forum<\/span><span style=\"\"> discussed <\/span><span style=\"font-weight:700\">developing <\/span><span style=\"font-weight:700\">bilateral economic cooperation<\/span><span style=\"\">. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/en.irna.ir\/news\/85187483\/Iran-Pakistan-economic-forum-opens-in-Islamabad\" style=\"\">Islamic Republic News Agency<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Algeria and Tanzania have inked a range of agreements, MoUs, and <\/span><span style=\"font-weight:700\">executive programs<\/span><span style=\"\"> covering cooperation in several areas including <\/span><span style=\"font-weight:700\">energy <\/span><span style=\"\">and<\/span><span style=\"font-weight:700\"> trade<\/span><span style=\"\">. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.aps.dz\/en\/algeria\/48445-algeria-tanzania-ink-several-agreements-mous-in-various-fields\" style=\"\">Algeria Press Service<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<li><span style=\"font-weight:700\">Iranian President Ebrahim Rais<\/span><span style=\"\"> met with <\/span><span style=\"font-weight:700\">Sultan of Oman<\/span><span style=\"\"> Haitham bin Tariq Al <\/span><span>Said to <\/span><span>discuss <\/span><span>boosting <\/span><span style=\"font-weight:700\">bilateral cooperation<\/span><span>. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/english.news.cn\/20230802\/4ed7404f6771412e911b2046973843b0\/c.html\" style=\"\">Xinhua<\/a><\/span><span style=\"font-weight:400;\">)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian Trade and Industry Minister Ahmed Samir Saleh and his Turkish counterpart \u00d6mer Bolatplan to boost trade to USD 15 bn over the next five years, with an eye to hit the USD 10 bn mark this year, the countries said in separate statements (here and here). The meeting took place during Saleh\u2019s visit to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72545,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[53],"tags":[52,49,17,32,231],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-72544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-egypt","tag-enterprise-logistics","tag-trade","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"cd5c0d82-583d-455b-aa63-b900f2ba1cbc","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/131.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt, Turkey eye boosting trade by 50% over the next five years + Iran, Syria remove trade tariffs. PLUS: More from Algeria, Iran, and Saudi Arabia","related_issue":[72526],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.ad1c1fac-e35f-45ba-9c51-216e0b6a928c.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt, Turkey eye boosting trade by 50% over the next five years + Iran, Syria remove trade tariffs. 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