(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Oct 31 (KUNA) -- Kuwait and Turkey jointly signed Tuesday minutes of the 10th meeting of Joint Committee for Economic, industrial, and Technical Cooperation.
The two sides signed the minutes to boost their bilateral cooperation in economic, commercial, and industrial fields, Minister of Commerce and Industry Khaled Al-Roudhan told reporters.
Al-Roudhan made his remarks after the signing ceremony, held after conclusion of the 10th meeting in presence of Turkish Deputy Prime Minister Mehmet Simsek.
The meeting has reached some positive outcomes, he said, describing Turkey as one of the important economic spots to Kuwait, and that the two countries are linked by their mutual investments.
Kuwait and Turkey have set the perfect example to follow in international relations since the start of their diplomatic ties back in the early 20th century, said Al-Roudhan.
Their relations have been based on mutual respect, trust, credibility, cooperation, and unified opinions toward several stands and crisis they have faced in the past, said the minister.
The Kuwaiti-Turkish relationship, in its own right, is excellent and unique, he said, adding that such a friendship has had a significant impact on Kuwait's stability, and on finding a solid ground to, upon which, base their ties.
Meanwhile, Al-Roudhan mentioned that the two countries' relations have recently seen notable and significant development, particularly in economic fields.
He also expressed Kuwait's aspiration to elevate its relationship with Turkey to wider levels of trade exchange, describing Turkey as a "window to Europe", and Kuwait as a "window to Turkey" in the Gulf region.
The two countries are also linked by several economic agreements, he said, expressing Kuwait's keenness to enhance its cooperation with Ankara in commercial, economic, political, cultural, and artistic fields.
The volume of trade exchange between Kuwait and Turkey has reached nearly USD 1.287 billion in 2016, Al-Roudhan said, adding that such a large figure confirms the two countries' solid economic relationship.
For his part, the Turkish deputy premier described his country's current bilateral ties with Kuwait as "excellent", adding that their economic and commercial relations are solid as well.
Kuwait enjoys distinctive geographical location, balanced foreign policy, solid infrastructure, low-cost lands, and open communication channels with major world markets, making it an influential center for attracting foreign investments to the region and world, said Simsek.
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah's efforts to resolve ongoing disputes in the region are so significant, he noted, stressing the importance of increasing Turkish-Kuwaiti joint meetings to boost their cooperation and efforts to achieve peace and prosperity in the region.
Kuwait is a country of law and provides low-cost power and investment lands, Simsek noted, adding that Turkey enjoys an attractive economy for foreign investors.
He also called on Kuwaiti investors to invest in Turkey, adding that his country is currently ranked number 13 of biggest world economies. (end) mam.ma
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