Monday, April 29, 2013

Equatorial Guinea and Turkey Strengthen Trade Relations

The Government of the Republic of Equatorial Guinea is working with the Turkish Government to enhance trade relations, including signing a free trade agreement.

Celestino Bonifacio Bakale Obiang, Equatorial Guinea’s Minister of Economy and Business Promotion, led a delegation to Brussels last week to discuss the trade agreement with members of the Turkish Government. The Director of the Minister’s Office, Luis Bocung Asumu, and the Director of Commerce, Rosendo Ondo Obiang, accompanied Minister Bakale Obiang to Brussels.

During the meeting, Minister Bakale Obiang said that Equatorial Guinea was interested in signing the agreement. He expressed his goal to increase foreign investment in the country and boost the national economy.

The trade agreement Turkey proposed to Equatorial Guinea has already been signed with a number of other African countries, including Cameroon, Congo and Ghana. The agreement is reflective of the two countries’ efforts to improve bilateral relations, which they have been trying to develop for several years. 

In 2008, Equatorial Guinea participated in the First Turkey-Africa Cooperation Summit in Istanbul, and in 2010, a Turkish delegation visited Equatorial Guinea to explore business opportunities.