Sudan and Turkey signed two agreements on oil exploration and agriculture, Turkey's agriculture and forestry minister said on Monday. With the agreements, Turkish Petroleum Corporation (TPAO) will make investments in Sudan worth $100 million, Bekir Pakdemirli told reporters following a closed-door meeting with Sudanese President Omar al-Bashir in the capital Khartoum.
Previously, over 780,000 hectares of land in Sudan were earmarked for Turkish investors to carry out their agricultural activity. "We will continue to work for two countries to receive the maximum benefit," the minister said.
The agricultural cooperation started in 1999, and the Turkish-Sudanese agricultural pact was signed later in 2014. The bilateral pact aims to rationalize the use of resources and agricultural potential, and contribute to sustainable food objectives.
Turkey and Sudan also decided to establish a joint agricultural and livestock company last March. Pakdemirli said the bilateral trade volume of the two countries was $481 million last year, and opening a branch of Turkey's Ziraat Participation Bank in Sudan was an important step to raise bilateral trade.
"The agreement-in-principle for the bank's branch is also signed with the contribution of Turkish Deputy Trade Minister Fatih Metin," he added.
Pakdemirli also said Turkey's Mineral Research and Exploration General Directorate (MTA) established a company in Sudan and started to work on mines in the country.
The minister started on Sunday a three-day-visit to Sudan with the private sector representatives for talks on economic cooperation. Last December, a business forum was held in Sudan when President Recep Tayyip Erdogan visited the country.
(Anadolu Agency)
