Recep Tayyip Erdogan, the President of Turkey was on an official visit to India from April 30, 2017 to May 1, 2017. This is Erdogan’s first visit to India as President of Turkey. Earlier, in 2008 he visited India as Prime Minister of Turkey.
India-Turkey Business Summit
- India-Turkey Business Summit was held on May 1, 2017 in New Delhi. President of Turkey, Recep Tayyip Erdogan along with his 150-member business delegation took part in this summit.
Highlights of Indian Prime Minister Narendra Modis’s Speeh at India-Turkey Business Summit:
- PM Modi mentioned about initiatives taken by his Govt. to reform the Indian economy and administrative processes.
- He called for enhancing bilateral engagement between Indian and Turkey through trade
and Foreign Direct Investment (FDI) inflows, technology collaborations and cooperation on various projects.
- He also encouraged proactive engagement between chambers of commerce and industry from both sides.
- PM Modi highlighted that India-Turkey bilateral trade has gone up to USD 6.4 billion in 2016 as compared to USD 2.8 billion in 2008.
- He added that energy, mining, textiles, automobiles and food processing are other areas in which Turkish companies can explore opportunities to invest in India.
Highlights of Turkish President Recep Tayyip Erdogan’s Speeh at India-Turkey Business Summit:
Erdogan called for a free trade agreement with India to enlarge the scope of bilateral economic ties.
- He also suggested that both countries should explore the possibility of trade in local currency to minimise negative effects of exchange rate fluctuations.
- He promoted Turkey as a tourist destination for Indian families.
- Erdogan mentioned that Turkish companies are willing to participate in India’s project to develop 100 smart cities.
India, Turkey sign three agreements after delegation level talks
Prime Minister Narendra Modi held delegation-level talks with Mr. Erdogan on 1st May, 2017 in New Delhi. After the talks, following three agreements were signed between Indian and Turkey:
- An agreement on cultural exchange programme for 2017-2020.
- MoU on cooperation in training, signed between Foreign Services Institute (FSI) of India and the Diplomacy Academy of Turkey.
- MoU on cooperation in the area of information and communication technologies (ICT).
India, Turkey Agree To Boost Cooperation in Combating Terror
After extensive talks between Indian Prime Minister Narendra Modi and Turkish President Recep Tayyip Erdogan, a joint statement was issued in which both leaders strongly condemned the use of ‘double standards’ in tackling the challenge of terrorism.
- Both countries have also called for early conclusion of negotiations on the Comprehensive Convention on International Terrorism (CCIT). For effectively dealing with terrorism, both countries have agreed to enhance cooperation on bilateral level as well as multilateral forums.
- Capital: Ankara
- Currency: Turkish lira