COVID-19: Turkish economy to be among fastest-recovered

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9 October 2020

Turkey will be among the fastest-recovering countries from the novel coronavirus pandemic, its top trade official said Thursday, APA reports citing Anadolu Agency.

According to the latest OECD report, Turkey -- after China and South Korea -- will be among the least affected countries by the global economic downturn caused by the pandemic, Trade Minister Ruhsar Pekcan said during the Turkey-Africa Business Forum, organized by Turkey's Foreign Economic Relations Board (DEIK).

At the event, participants are discussing post-pandemic economic relations between Turkey and Africa, as well as several other topics such as e-commerce, agriculture and free trade agreements, she noted.

Pekcan underlined that the forum was hosting business people from 81 countries, of which over 60 of were African nations, adding that more than 50 international speakers would speak at the event.

"Turkey prioritizes the concept of win-win with Africa relations," she underlined.

Pekcan said that while Turkey defends its rights and benefits, it attaches importance to the rights of the least developed countries as well.

She recalled that Turkey's bilateral trade was up by 7%, reaching $26.2 billion last year and stranding at $18.2 billion in the first nine months of 2020 despite the virus outbreak.

Trade and investment between the two sides will expand further in the coming period, Pekcan added.

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