Third Joint Economic Commission Meeting held in Ankara with focus on energy and trade
Leaders aim for $500 million trade volume
The Third Türkiye–Angola Joint Economic Commission (JEC) Meeting was held in Ankara under the co-chairmanship of Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, and Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo. Following the meeting, a memorandum of understanding was signed, and Minister Bayraktar emphasized the mutual goal of increasing bilateral trade to 500 million USD.
Strong intent to deepen ties
After holding bilateral and interdelegation talks, both ministers addressed the press. Minister Bayraktar underlined that the meeting reflected both countries’ strong will to advance cooperation. He noted that trade between the two countries stood at 126 million USD in 2024.
Untapped potential between nations
Recalling that both presidents set the goal of raising trade volume to 500 million USD, Bayraktar described this figure as a reachable initial milestone. “There is enormous potential in cooperation between Türkiye and Angola,” he said.
Sharing technical expertise
Bayraktar stated that energy plays a crucial role in development and highlighted Türkiye’s intention to share its technical expertise and experience with friendly nations on the basis of mutual benefit.
Delegation to visit Angola
As part of this cooperation, Türkiye is planning to send a delegation to Angola this month. The team will include experts from Türkiye Petroleum Corporation and the national mining company to explore collaboration opportunities with Sonangol and the National Oil, Gas and Biofuels Agency of Angola.
Strategic dimension of energy
Bayraktar emphasized that the steps to be taken in energy not only offer economic gains but also carry strategic significance, enhancing long-term bilateral ties.
Angola invites Turkish investment
Minister Azevedo praised Türkiye’s economic and cultural potential and expressed Angola’s interest in benefiting from it. He invited Turkish companies to invest in Angola, particularly in the mining sector, where he said there are many promising opportunities.
MoU signed after the session
The event concluded with the signing of the Türkiye–Angola JEC Meeting Memorandum of Understanding by both ministers, formalizing the new period of cooperation.
Symbolic city tour in Togg
Following the ceremony, Minister Bayraktar drove his Angolan counterpart Azevedo through the city in a red Togg T10X electric vehicle, showcasing Türkiye’s national innovation in mobility.
