Turkish president sees $1 billion trade with Venezuela in 2022 By Reuters

© Reuters. Turkish President Tayyip Erdogan and Venezuela’s President Nicolas Maduro hold a joint press conference after their conference in Ankara, Turkey, June 8, 2022. REUTERS/Umit Bektas


(Reuters) – Trade in between Turkey and Venezuela will strike $1 billion this year, Turkish President Recep Tayyip Erdogan stated throughout a conference in his nation’s capital, Ankara, with Venezuelan equivalent Nicolas Maduro.

Maduro took a trip on Tuesday to Turkey, among the couple of nations that preserves a relationship with Venezuela in spite of long-running U.S. sanctions.

Venezuela is “a very important partner in Latin America and the Caribbean. … We are friends in bad times. We have an exemplary friendship,” Erdogan stated, keeping in mind that he opposes sanctions and will stay “faithful” to Venezuela.

Bilateral trade grew to $850 million in 2021 from $150 million in 2019, and might increase to $3 billion, Erdogan stated, without elaborating.

Erdogan might check out Venezuela in July, he stated.

The nations signed brand-new offers on farming and tourist, though no information were offered.

“Now’s the time for Turkish investors in Venezuela,” Maduro stated, noting the tourist, mining, market, oil, gas, coal and banking sectors as all set to get brand-new financial investments.


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