We are brothers: Maduro and Erdogan toast friendship with deals

06 December, 2018, 00:50 | Author: Wade Massey
  • We are brothers: Maduro and Erdogan toast friendship with deals

Ankara and Caracas have been making efforts to strengthen cooperation in all areas, Turkish President Recep Tayyip Erdoğan said on Monday.

"We do not approve of these measures that ignore the rules of global trade", Erdogan said at the Turkey-Venezuela Business Forum alongside Venezuelan President Nicolas Maduro, in Caracas on Monday.

"Political problems can not be resolved by punishing an entire nation", Erdogan said, with Maduro by his side at a forum attended by business people from both countries.

President Erdogan lambasted USA restrictions as "manipulative attacks from certain countries and acts of sabotage from economic assassins".

Erdoğan said he was honored to pay Turkey's first presidential visit to Venezuela.

"There are solid ties in friendship and solidarity between our countries".

"Turkish investors will continue to develop and strengthen trade and the progress in oil production and refineries, petrochemicals for gold production, in diamonds, coltan, iron aluminum and tourism", said the Venezuelan president.

Erdoğan and Maduro will hold bilateral meetings and later the leaders will hold a joint news conference after signing several deals.

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During a joint press conference with Erdogan later on Monday, Maduro defended his country's right to export gold after USA sanctions last month targeted its shipments of the metal.

Venezuelan President Nicolas Maduro insists that national gold exports should continue despite sweeping United States sanctions targeting the industry.

Trade between their countries has risen sixfold over the past year to more than $1 billion and includes exports of embargoed Venezuelan gold to Turkey for refining.

The leaders, who are both fighting financial crises and have clashed with the USA in recent months, met in Caracas, the capital, on Monday.

Washington has imposed sanctions on Venezuelan officials it accuses of corruption, and on certain financial transactions with the Maduro government, which it accuses of violating human rights and triggering an economic meltdown.

Turkey has been at odds with the U.S. over the restrictive measures against the South American country.

Maduro has repeatedly blamed a US-led economic war for the crisis, saying Washington is plotting to topple his government.

Maduro invited Turkish businesspeople to invest in Venezuela. Ties between Turkey and the United States, two North Atlantic Treaty Organisation allies, have also been strained.

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