Türkiye and Bahrain aim to raise trade volume to 1 billion dollars
Trade Minister Ömer Bolat met with Bahrain's Minister of Industry and Trade, Abdulla bin Adel Fakhro, within the framework of the 42 İSEDAK Ministerial Meeting. The two countries agreed to increase trade and encourage investment to reach the target of 1 billion dollars in bilateral trade volume. The parties also confirmed their view that negotiations on a free trade agreement between Türkiye and the Gulf Cooperation Council should be concluded soon.
This summary was generated by AI; the official source prevails.
What does it mean?
The two countries have stated an intention to increase trade and investment between them. This is a statement of a target; the document contains no concrete agreement or new regulation.
Who is affected?
Companies and businesspeople trading between Türkiye and Bahrain