Togo-Turkey: Robert Dussey announces upcoming business forum in Lomé

Friday, 04 June 2021 15:56
Togo-Turkey: Robert Dussey announces upcoming business forum in Lomé

(Togo First) - Robert Dussey, the Togolese minister of foreign affairs, announced on June 3 an upcoming business forum between Togolese and Turkish business operators. The announcement came just after the official ended a five-day official visit in Turkey. 

With my counterpart, Mevlüt Çavuşoğlu, we have decided to organize a business forum this fall in Lomé with the participation of Turkish and Togolese businessmen and businesswomen,” Dussey tweeted.

A day before the announcement was made, the two countries inked new economic cooperation agreements. The latter, which plans for the establishment of a mixed economic commission, consolidates the legal framework that will help boost economic ties between Togo and Turkey. 

There are two agreements, the first is on the mutual promotion of investments and the second on the prevention of double taxation,” said Mevlüt Çavuşoğlu.

The Togolese for his part told Agence Anadolu that “for us, the goal is mainly to encourage Turkish investment in Togo. (...) We think Turkish investments, which are growing in Africa, West Africa in particular, are welcome in Togo, especially since we have a relatively open business environment.”

In 2019, exports from Togo to Turkey generated more than CFA24 billion. According to the BCEAO, cotton and coffee were the main exports that year. 

"Although the trade balance between our two countries is in favor of Turkey, which is normal since Turkey is a much more industrialized country than Togo, we have a volume of trade that is very satisfactory, " he added. 

On Monday, Dussey met, in Istanbul, with representatives of the Turkish private sector. He told them about investment opportunities Togo has.  This desire to boost economic ties between the two nations is the reason their ministries of foreign affairs got closer. 

Indeed, in July 2020, as the Turkish minister of foreign affairs was in Togo, three cooperation deals were signed by the two governments. Among other things, these contracts established the reciprocal exemption of visas for holders of diplomatic passports, and a mechanism for political consultations between the Ministries of Foreign Affairs of both countries.

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