Turkish President Recep Tayyip Erdoğan and Algerian President Abdelmadjid Tebboune led the inaugural meeting of the Strategic Cooperation Council at the presidential palace in Ankara, focusing on ways to strengthen relations between the two countries across various sectors.
The meeting was preceded by bilateral discussions between Erdoğan and Tebboune, attended by the foreign ministers of both nations. They addressed bilateral relations and regional and international issues of mutual concern, including the situation in Gaza and the efforts to implement the second phase of the peace plan.
Details of the Meeting
The discussions covered the developments of the war in Iran and its impact on the region, where both presidents affirmed their support for efforts aimed at reaching a settlement between Iran and the United States. The situation in Libya was also addressed, with emphasis on the efforts to conduct elections and end the political deadlock, as both Tebboune and Erdoğan reiterated their support for the unity and stability of Libya.
Additionally, the financial situation following attacks on military sites in Mali was discussed, with both presidents expressing alignment in their views on supporting the unity of Mali. Tebboune arrived in Ankara for a three-day official visit, where he was welcomed by Erdoğan at Esenboğa Airport.
Background & Context
The Strategic Cooperation Council between Turkey and Algeria was established during Erdoğan's visit to Algeria in January 2020, based on the Treaty of Friendship and Cooperation signed between the two countries in May 2006. The council aims to enhance coordination in areas such as energy, industry, and defense, as well as address regional political issues of mutual interest.
Several ministers from both countries participated in the meeting, including the ministers of foreign affairs, interior, industry, energy, and agriculture. They held bilateral meetings to discuss relations between the two nations across various sectors.
Impact & Consequences
Through the council, both countries aim to increase the volume of trade from the current $6 billion to $10 billion annually as soon as possible. Turkey is one of the largest foreign investors in Algeria, with investments exceeding $6 billion, surpassing those of France.
Turkish investments focus on industrial sectors such as iron and textiles, with around 1,400 Turkish companies active in these fields. Turkey also ranks first among the largest importers of liquefied natural gas from Algeria, with long-term agreements in place between the two countries.
Regional Significance
The Turkish-Algerian relationship serves as a model for successful regional cooperation, as both countries strive to enhance their economic and political stability. Amid the challenges facing the region, such as armed conflicts and economic crises, this collaboration represents a significant step towards achieving stability and sustainable development.
In conclusion, the first meeting of the Strategic Cooperation Council between Turkey and Algeria reflects both countries' commitment to strengthening bilateral relations and highlights the importance of regional cooperation in addressing common challenges.