Erdogan visits Sudan, aims to increase trade volume to $10 bn

[Khalumi]

Turkey and Sudan have agreed to establish a strategic cooperation council and to increase trade tries, sealing a "historic" visit by Turkish President Recep Tayyip Erdogan to Khartoum.

Erdogan's arrived in the Sudanese capital on Sunday as part of a three-day trip that also includes stops in Chad and Tunisia.

Following a meeting with his Sudanese counterpart, Omar al-Bashir, Erdogan said the two countries aimed at boosting bilateral trade from its current value of $500m a year to $1bn initially and then $10bn.

"We encourage businessmen to invest in Sudan," Erdogan said during a joint news conference, adding that his country was aware of Sudan's economic potential.

Sudan's official state news agency also said that the two leaders had agreed to set up a strategic planning group to discuss international affairs and intended to conclude a military deal involving the two countries' armed forces.

 

[Boqor]

Erdogan needs to stop playing around and focus on Muqdisho

 

[Khalumi]

lmao true, somalia needs help

 

[GeKo]

They say Sudan has the potential to feed hundreds of millions. Now that the sanctions have been lifted, things can get a lot better for them.

 

[Khalumi]

They say Sudan has the potential to feed hundreds of millions. Now that the sanctions have been lifted, things can get a lot better for them.

Sudan has great untapped potential. It surpassed Morocco in 2017 in terms of nominal GDP i.e. $118 BN to $112 BN of Morocco, making it the 6th largest economy in Africa.

 

[Abdalla]

That's true cooperation unlike constructing a government building

 

[GeKo]

Sudan has great untapped potential. It surpassed Morocco in 2017 in terms of nominal GDP i.e. $118 BN to $112 BN of Morocco, making it the 6th largest economy in Africa.

It's amazing they did that with a tiny tourism industry when compared to Morocco, losing most of their oil fields to South Sudan and economic sanctions that were still mostly in place.

 

[Khalumi]

It's amazing they did that with a tiny tourism industry when compared to Morocco, losing most of their oil fields to South Sudan and economic sanctions that were still mostly in place.

You have to give it to them, they worked hard even under economic isolation due to US sanctions. They partnered with the GCC which poured billions and with FDI stock reaching $42 billion. Then the boom in the mining industry made up for the loss of oil.
Not only that but the North charges the south $26 for each barrel that gets exported through port Sudan. Based on modern oil price of $55 per barrel and after deductions made by oil companies, the north practically gains more money from south sudans oil then south sudan itself...

But they still have a major problem in terms of hard currency. It is not readily available and the currency keeps declining.

My grandma is Sudanese, thats why I know quite a bit lol