Erdogan: Turkey’s investments in Venezuela will reach 1,000 million dollars in 2022

The president of Turkey, Recep Tayyip Erdogan, announced this Wednesday that by the end of 2022 will increase his country’s investments in Venezuela, which could reach 1,000 million dollars.

In this regard, Erdogan stressed that the volume of Turkish-Venezuelan bilateral trade, which in 2019 was around 150 million dollars, last year exceeded 850 million, for which he predicted that by the end of this year it will reach one billion dollars:

We had 150 million dollars of investments in 2019, in 2020 we have doubled this volume of trade, and now we have tripled this figure and it is reaching 850 million dollars, we are going to end this year with 1,000 million dollars”, said Erdogan after the High Level meeting held with the President of Venezuela, Nicolás Maduro, in the city of Ankara.

Erdogan stressed that Venezuela has become an important partner for Turkey in Latin America:

Venezuela is a very important partner in Latin America and the Caribbean and we will never forget the solidarity they have shown for Türkiye (…) Venezuela was one of the countries that supported our Government during the coup attempt (in 2016),» he noted.

Caracas is one of the few cities in Latin America that has a regular connection of seven flights a week with Istanbul, thanks to the Turkish flag carrier Turkish Airlines, as recalled the Turkish president.

President Erdogan promised to return Maduro’s visit to Ankara with a trip to Caracas next July.