Qatar, Turkiye agree to expand trade and economic ties
The two countries' leaders co-chaired the 12th session of their Supreme Strategic Committee in Istanbul, with a $5 billion trade target.
Qatar and Turkiye agreed on Friday to explore new ways to expand and diversify their trade and economic relations, Qatar's state news agency QNA reported.
The two countries held the 12th session of their Supreme Strategic Committee at Dolmabahce Palace in Istanbul, co-chaired by Amir Sheikh Tamim bin Hamad Al-Thani of Qatar and President Recep Tayyip Erdogan of Turkiye, the joint communiqué said.
The committee said the session reflected strong historical ties and a shared willingness to strengthen partnership in all fields.
Both sides reiterated their goal of reaching $5 billion in bilateral trade in the near future, the communiqué said.
They noted that Qatari investments in Turkiye are significant and that Turkish contracting companies have undertaken 206 projects in Qatar worth $20.8 billion.
The two countries welcomed the entry into force on Aug. 1, 2025, of the Trade and Economic Partnership Agreement, which they described as a key milestone in strengthening bilateral relations.
The agreement is meant to ease the flow of goods and services and encourage mutual investment, the communiqué said.
The sides agreed to hold the second session of the Qatar-Turkiye Joint Economic and Trade Committee in Doha, and the 7th session of the Joint Commission on Economic and Technical Cooperation at the earliest convenient time in Doha.
They also agreed to continue holding Qatar-Turkiye business forums and to increase mutual visits, which they said serve as platforms for trade, investment and the exchange of expertise.
The communiqué said the two sides also discussed public-private partnerships and initiatives to enhance traditional trade routes and supply chain resilience.
The committee said it reviewed progress made under the outcome documents of the 11th session and expressed satisfaction with ongoing cooperation.
