A BUSINESS delegation from the Turkish Exporters Assembly (TIM) held its first business meeting in Eritrea from 4-7 November 2014 at the Asmara Palace Hotel.
Around 113 Eritrean businessmen attended this first Turkish-Eritrean business meeting.
Turkish Exporters Assembly (TIM) represents for more than 52,000 Turkish exporting firms.
Turkish Embassy in Asmara was opened in November 2013. Since then, bilateral relations between the two countries start to develope at full speed. In view of the growing bilateral relations, four Turkish delegations made a hugely successful visits to Asmara and Massawa in February alone.
In a bid to boost bilateral relations with Eritrea, Turkish national carrier starts thrice weekly direct flights to Asmara as of August 19, 2014.
Historical moment:1st Turkish Airlines plane landed in Asmara Airport. Tarihi An: ilk THY uçağı Asmara'ya indi. pic.twitter.com/9p6Axh1l5n
— EmbassyTurkey Asmara (@TREmbassyAsmara) August 20, 2014
Understandably though, there are no other Turkish companies operating in Eritrea. However, such business meetings and the increasing number of high and low profile visits to the country will certainly lead to multiple bilateral trade and investment projects in the near future.
Turkish-Eritrea bilateral trade volume was 1,4 million USD in 2013. Turkish imports from Eritrea, on the other hand, are at insignificant levels. However, following the formal diplomatic establishment and the upcoming mutual activities on trade and investment, the trade volume is expected to increase significantly.
Currently, the Eritrean Embassy in Doha is accredited to Turkey.