Turkey, Sudan sign agriculture deal
According to the deal, the Turkish General Directorate of Agricultural Enterprises (TIGEM) and Turkish companies can invest directly in Sudan, engage in partnerships with local partners or fund agro-processing and food production projects.
Sudan has very large agricultural land and the rainwater is enough for irrigation in some regions of the country, said Turkey's Food, Agriculture and Livestock Minister, Mehmet Mehdi Eker, at a signing ceremony in the TIGEM conference center in the Turkish capital of Ankara.
The accord aims to use Sudan's land resources and export surpluses to Turkey and the rest of the world to contribute to solving the world's food shortage before another price hike in food prices, Ibrahim Mahmoud Hamid, Minister of Agriculture of Sudan said.
According to the Turkish Statistical Institute, trade between the two nations stood at $295 million in 2013.
Turkey's exports to Sudan were $268.7 million, while imports from Sudan were $26.3 million.
The countries also signed a Memorandum of Understanding to set up a free-trade zone for agricultural products and livestock to boost bilateral transactions and agreement for investment protection for private companies. ■