Qatar Turkey Agreement

To increase the volume of bilateral trade, fifteen separate trade and cooperation agreements were signed between the Turkish and Qatari governments in August 2017. [86] In August 2017, it was also announced that a Qatari-Turkish Economic Council would be established in October of the same year. [87] During Turkey`s 2018 currency and debt crisis, Qatar pledged $15 billion in direct investment in Turkey in mid-August. [90] A few days after the announcement, the Central Bank of Qatar signed an agreement with the Central Bank of Turkey on a $3 billion currency swap. Officials involved in the deal said it would significantly improve bilateral trade. Some analysts have cited Qatar`s financial assistance to Turkey as a good example of the steady development of bilateral relations in recent years. [91] Another view is that Qatar is trying to repay Turkey for its loyalty and military support during Qatar`s diplomatic crisis. [92] The 2018 agreement was extended for the first time in May 2020, raising the total ceiling of $5 billion equivalent to the Turkish lira and Qatari riyal to $15 billion. Ankara and Doha have signed many similar agreements in the past. In June, the two countries signed an educational exchange agreement for military students.

While relations between Turkey and Qatar officially began in 1979 with the opening of the embassies of both countries in Doha and Ankara, they have recently experienced great growth. In 2008, the first Turkish-Qatari Economic Forum was held in Doha in the presence of then Turkish President Abdullah Gül. In the same year, the two countries signed a Memorandum of Understanding (MoU) to begin comprehensive cooperation in various fields. In 2013, Erdoğan inaugurated the new headquarters of the Turkish embassy in Doha, and Qatar became the first Arab country he visited after taking over the presidency in 2014. In December 2014, Erdoğan and Sheikh Tamim signed an agreement establishing the Joint Strategic Committee between the two countries. Doha hosted the first meeting of the Joint Strategic Committee and an important milestone was reached when the two countries agreed to strengthen relations between their respective militaries. Other sessions followed, during which the two countries took turns. Over the years, the two countries have expanded their horizons of cooperation to include health, technology and scientific cooperation, as well as intellectual property. Of all the agreements signed since the creation of the Joint Strategic Committee, military and defense cooperation has progressed the fastest with an agreement reached in December 2014 to station Turkish forces on Qatari soil. The Turkish parliament ratified the agreement in March 2015.

The new headquarters of the Turkish-Qatari Armed Forces, known as the Khalid ibn al-Walid base, was opened in December 2019 in the presence of senior military officials from both countries. Qatar and Turkey sign dozens of agreements: Qatari Foreign Minister Turkey and Qatar on Tuesday signed 15 different agreements to improve cooperation between the two countries, while President Recep Tayyip Erdoğan and Qatar`s ruling emir Sheikh Tamim bin Hamad Al Thani met in Doha to co-chair the seventh meeting of the Supreme Strategic Committee of Turkey and Qatar. A joint statement by President Recep Tayyip Erdogan and Emir Sheikh Tamim bin Hamad Al Thani said on Tuesday that Qatar had agreed to extend a currency swap deal with Turkey that Doha tripled to $15 billion last year. Turkish and Qatari institutions today signed a flood of cooperation agreements during Turkish President Recep Tayyip Erdogan`s visit to Doha. The Turkish government has capitalized on the crisis by ordering Turkish suppliers to raise their prices. In addition, Ankara urged Qatar to give Turkish companies preferential choice and formalize longer-term agreements. [85] Qatar and Turkey signed an agreement in July 2002 providing for cooperation on military training and arms sales. [51] In 2007, a cooperation agreement between the two countries` defence industry was formalized.

[52] In March 2012, Qatar acquired its first drones from Turkey in the form of ten mini-drones worth $2.5 million. The sale was part of a May 2011 deal in which Turkey would sell $120 million worth of military equipment to Qatar within a year. [7] The two states signed a military cooperation agreement in July 2012, details of which were not disclosed. [53] The agreement aims to strengthen Turkey`s foreign exchange reserves and stabilize the lira. The declaration did not mention the extension of the amount of direct financial assistance. Trade relations between the two countries have developed rapidly in recent years. Qatar has signed agreements with Turkey to export LNG, while several Turkish construction companies have signed agreements with the Qatari government, many of which are involved in 2022™ FIFA World Cup projects. [12] In September 2017, a new trade line between Qatar and Turkey via Iran was announced,[13] and at the same time, a maritime service between the Turkish port of Mersin and the Qatari port of Hamad was also introduced. [14] Turkey reached an agreement with Qatar in December 2015 on the purchase of liquefied natural gas over a longer period. [76] Analysts have argued that due to diplomatic hostilities between Turkey and Russia, the agreement was reached by Turkey with the intention of replacing Russia with Qatar as the main supplier of LNG. [77] The history of bilateral relations between Qatar and Turkey dates back to the 1970s. .

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