Saudi Arabia ends embargo on Turkish exports after MBS visit

July 12, 2022

Saudi Arabia has lifted its unofficial embargo against #turkish exports, Dr. Majed Al-Qassabi told a group of Turkish and Saudi businessmen in Ankara, #Turkey. #saudiarabia has been imposing a silent embargo on Turkish goods since 2018, As a result, Turkish exports saw a sharp drop of nearly 92 percent up to 2021. Nail Olpak, the chairman of the Foreign Economic Relations Board of Turkey, said at the event on Thursday that they were aiming to increase the bilateral trade to $10bn next year, from $4bn in 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *