President Recep Tayyip Erdogan and Emir Sheikh Tamim bin Hamad Al Thani signed 15 agreements to spice up financial ties.
Turkey’s president has ended a visit to Qatar with no vital offers introduced or any indication that ally Doha would increase direct monetary help as Turkey grapples with an historic foreign money crash and hovering inflation.
President Recep Tayyip Erdogan and Emir Sheikh Tamim bin Hamad Al Thani signed 15 agreements in areas starting from media to catastrophe administration and pledged to “discover extra methods” to spice up financial ties and monetary coordination, a press release stated on Tuesday.
The joint assertion stated Qatar agreed to increase a foreign money swap settlement with Turkey, which Doha had tripled to $15bn final yr. The settlement is designed to bolster Turkey’s overseas reserves and regular the lira. The assertion made no point out of increasing the quantity of direct monetary help.
Nevertheless, at a information briefing on Monday, Turkey’s overseas minister stated Ankara had no plans to ask Doha for monetary help whereas his Qatari counterpart stated Doha was alternatives rising from Turkey’s financial challenges.
Qatar has robust ties with Turkey which supported Doha when Saudi Arabia and three different Arab states, together with the United Arab Emirates, imposed an embargo on Qatar in mid-2017 in a row that was resolved final January.
The boycotting states had objected to non-Arab Turkey’s army base in Qatar, amongst different factors of rivalry within the row together with over regional conflicts and armed teams.
Earlier than departing Doha, Erdogan visited Turkish troopers on the base.
“We don’t separate the safety and stability of Qatar from that of our personal nation,” Erdogan stated in a speech, mentioning Doha’s contributions to “Turkey’s funding, employment, manufacturing and export-oriented progress”.
Saudi Arabia and the UAE have moved to fix ties with Ankara after a appeal offensive launched by Erdogan, although Abu Dhabi has taken extra concrete steps than Riyadh.
The UAE’s de issue ruler visited Turkey final month, which yielded accords for billions of {dollars} of investments.