Turkey Ratifies New Deals with Six Different Countries

By. Justin Mays

The Turkish government recently ratified international agreements in the education, energy and mining, and economic sectors. Given this evidence of Turkey’s expanding global influence, the time is right to consider Turkish citizenship through real estate investment. 

Building on their strong relationship, on Jan 13, 2021, Turkey and Pakistan signed a memorandum of understanding (MoU) to support education. The Turkish governmental Maarif Foundation will be a legally recognized entity permitted to carry out educational activities in addition to other legal proceedings. The Maarif Foundation currently runs 27 schools and colleges across Pakistan with over 12,000 students enrolled in campuses across ten cities.

In response to the pandemic, Turkey sent medical aid to over 150 countries and six international organizations. They continued this important assistance most recently as a "gesture of friendship and goodwill" by donating two ventilators to Guinea-Bissau under a deal for medical supplies. Additionally, in this last round of ratified agreements Turkey will also donate 100,000 COVID-19 vaccines to the Turkish Republic of Northern Cyprus (TRNC).

Turkey approved a bilateral agreement on cooperation in energy and mining with Azerbaijan. This agreement will promote the development of scientific, technical, technological, legal, administrative and commercial cooperation between both states with a focus on renewable and clean energy and energy efficiency and energy production in energy and mining. Another agreement in the Caucasus was ratified when an existing free trade agreement with Georgia modifying the definition of "originating products" and methods for administrative co-operation was amended. A similar free trade agreement between Montenegro and Turkey was also confirmed.

In more economic news the "2021 Economic and Financial Cooperation Agreement between the Government of the Republic of Turkey and the Government of Turkish Republic of Northern Cyprus (TRNC)," was also officially recognized. Turkey has pledged to provide grants up to 2.25 billion Turkish liras ($271 million) and a loan of up to 1 billion liras ($120 million) to the TRNC.