Minister of Transport and Infrastructure Abdulkadir Uraloğlu stated that the Development Road Project, which will directly contribute to the global trade system, will also make an important contribution to the development and development of all participating countries.
Development Road Project Turkey-Iraq-United Arab Emirates-Qatar 1. The Council of Ministers Meeting was held in Istanbul Dolmabahçe Palace.
Following the meeting, Minister of Transport and Infrastructure Abdulkadir Uraloğlu and Minister of Transport of Iraq Rezzak Muheybes es-Sadavi made a statement.
Minister Uraloğlu, in his speech at the meeting, stated that the first ministerial council meeting was held to shape the future vision of the Development Road Project, which is described as the new Silk Road.
Stating that the main feature of the modern economy is multinational production, international financial flows and international trade volume to reach very large dimensions, Uraloğlu said, ⁇ No one is rich or self-sufficient anymore. If you close your doors, if you close your eyes, if you close your ears, if you look at the developments in the world from a distance, if you do not make friends, you will not find a place in today's world. Everyone has good tastes to add to the cake and the shares they will definitely get from the cake. ⁇ he said.
Uraloğlu stated that the era is now the win-win era and the transportation sector is the most important dynamo of the win-win era, ⁇ At this point, we have come together not only for the future of the transportation and logistics sectors, but also for the economic and social cultural future of our countries. ⁇
Stating that Qatar and the United Arab Emirates, which are the stakeholders of the meeting, participated in the meeting online due to their own programs, Uraloğlu continued his words as follows:
⁇ Because it is very valuable and important for all of you that the transportation facilities are safe, uninterrupted and fast for the establishment of economic cooperation that is indispensable for our countries and the development of our foreign trade activities. In this context, within the scope of our President's visit to Irak ⁇ a on April 22, 2024, Turkey, Iraq, the United Arab Emirates and Qatar signed a Memorandum of Understanding on Joint Cooperation on the Way to Development. In accordance with this memorandum of understanding, we had taken a decision to establish a council of ministers of 4 countries and to follow the Development Road Project. Today, as Turkey, we hosted the first meeting of this council. ⁇
⁇ Our cooperation within the scope of the project will be further strengthened ⁇
Abdulkadir Uraloğlu said that they had the opportunity to evaluate and consult the project together through this council, which will maximize the cooperation of 4 countries regarding the Development Road Project.
Stating that they discussed the contribution of the establishment of uninterrupted and fast transportation through Turkey and Iraq to the transportation corridors, Uraloğlu said that they decided to take steps together to reveal the concrete outcomes of the cooperation in this field in the future.
Uraloğlu stated that they care about the activities of the council in order to act together and implement the plans quickly, and used the following statements:
In addition, since it is our first meeting, we discussed the determination of the management and functioning mechanisms of the council of ministers created within the scope of the Development Road Project and how the future roadmap should be in this regard. Our meetings within the body of this council established within the scope of the Development Road Project will continue in the coming period. I sincerely believe that our cooperation within the scope of the project will be further strengthened. ⁇ ????????
⁇ We will significantly reduce the travel time through Turkey ⁇
Minister of Transport and Infrastructure Uraloğlu underlined that the Development Road Project is an important project not only in terms of the gains to be achieved by 4 countries, but also in terms of the gains to be achieved by the whole geography and the supply chain.
Uraloğlu stated that they will have established uninterrupted transportation to every country of Europe by land and rail from Fav Port, which was built in Iraq with the Development Road Project, to London, and that we will significantly reduce the travel time between Asia and Europe through Turkey. I would like to express in particular that it will provide a 15-day gain between the time between the arrival of a ship departing from Fav Port to Avrupa ⁇ via the Suez Canal and the arrival of the same cargo to Avrupa ⁇ via the Development Road. ⁇
In the continuation of the transformation that started in global supply chains during the Covid-19 pandemic, Uraloğlu explained that there were significant changes in the logistics map of the region we are in after the Russia-Ukraine war that started in 2022, ⁇ Again, with the Israeli-Palestinian conflict that started in October 2023, as a result of the security crisis in the Red Sea Region, commercial ship crossings in the Suez Canal ⁇ came into trouble. This route was not preferred by global shipping companies, and instead, the Cape of Good Hope began to travel and use a much more distant road.
⁇ The project will also be a complement to existing transport corridors ⁇
Therefore, if we had finished the Development Road Corridor today, we would have significantly reduced such costs. In addition, the Development Road will not only offer a cost-effective and short-term transport corridor, but will also be a complement to existing transport corridors. It will also connect the corridors in the east-west direction to the north-south direction. Thus, the Development Road Project, which will directly contribute to the global trade system, will also make an important contribution to the development and development of all participating countries. When all these aspects are considered, it is obvious that the Council of Ministers we have formed has undertaken an extremely important mission.
⁇ The project will contribute to all participating countries, the region and the world economy ⁇
Iraqi Transport Minister Rezzak Muheybes al-Sadavi stated that they have made significant progress in the Development Road Project and expressed their desire to further develop the Joint Cooperation Memorandum of Understanding on the Development Road as Turkey, Iraq, the United Arab Emirates and Qatar.
Noting that they have taken a big step with the Joint Cooperation Memorandum on the Development Road, Sadavi said, ⁇ Today's meeting was already a meeting of the Council of Ministers. In terms of standards, it was a very good meeting, a very good meeting. We touched on many issues of governance, we touched on the management of the project, we touched on its stages. In order for this project to be implemented, we are working to remove the obstacles in front of it. ⁇ he said.
Stating that agreements have been reached at the local level and all necessary approvals have been obtained regarding this route in Irak ⁇ ta, Sadavi said that ⁇ It should be well known that the Development Road Project ⁇ will make a great contribution to all participating countries, the region and the world economy. ⁇
Source of: AA / Economy