SOMALI-TURKISH BUSINESS FORUM
Turkish-Somali business forum was held in Istanbul between 3-4 of May 2018. The forum which is the last of several business forums and conferences organized in the last few years aimed to boost the trade relations between the two countries. The forum hosted Somali and Turkish business firms in the area of agriculture, fishery, textile and energy. With the presence of high delegate from the two governments two hundred participants discussed the investment opportunities and the fields of cooperation to leverage the trade volume between the two nations. During the forum, products and services from the Somalia and Turkey were displayed. The forum is organized by Turkish Foreign Economic Relations Board with the collaboration of the two countries` chamber of commerce. In the evening of the last day of the forum, a meeting between the Somali community in turkey and business delegates was organized. With the participation of the Somali Prime Minister his excellence Hassan Ali Khayre, they discussed the main challenges encounters a wider trade engagement between the two countries and how to overcome it. The Prime minister in his side stressed the indispensable role of business people in strengthening the ties between the two nations and vowed to work in facilitating every step towards achieving more engagement.
It’s worth to mention that the two countries signed in the last January a pact to boost their strategic economic partnership. As a part of the pact, the two countries inked a memorandum of understanding on fishing and agriculture, signed by Turkey’s Food, Agriculture and Livestock Minister Ahmet Esref Fakibaba and Somali’s Fisheries and Marine Resources Minister Abdirahman Mohamed Abdi Hashi. Since 2011 Turkish investments in Somalia reached nearly $100 million and is expected to reach up to $200 million dollars according to Somali deputy Prime Minister Mahdi Ahmed Gulaid.