ANKARA: A delegation of Turkish officials will head to Washington in two days to discuss an ongoing row between the two NATO allies, broadcaster CNN Turk reported on Tuesday, citing diplomatic sources.
Relations between the two countries have steadily worsened, strained by differences on Syria policy and over the trial of US pastor Andrew Brunson in Turkey. A trade spat between the two sent Turkey’s lira currency to plunge to a record low on Monday.
Over the weekend, the US Trade Representative said it was reviewing Turkey’s duty-free access to the US market, after Ankara imposed retaliatory tariffs on US goods in response to American tariffs on steel and aluminum. The move could affect $1.7 billion of Turkish exports.
On Tuesday, CNN Turk cited diplomatic sources saying that Ankara and Washington had reached pre-agreements on certain issues, but it did not elaborate.
The Turkish government was not immediately available for comment, and the US State Department did not respond to a request for comment.
US President Donald Trump’s administration has demanded that Turkey release Brunson, an evangelical pastor who has lived in Turkey for more than two decades and has been charged with supporting a group that Ankara has blamed for an attempted coup in 2016. He has denied the accusations.
Last week, Washington imposed sanctions on President Tayyip Erdogan’s justice minister and interior minister, saying they played leading roles in organizations responsible for Brunson’s arrest.
Erdogan said that Turkey would retaliate by freezing assets of the US interior and justice ministers in Turkey “if they have any.”
The Turkish currency, which has lost 27 percent of its value this year, fell some 5.5 percent to a record low of 5.4250 against the dollar on Monday, its biggest single-day drop in nearly 10 years.
The lira firmed as far as 5.2625 against the dollar after reports of the delegation going to Washington, and traded at 5.2672 at 2238 GMT.
Turkish, US officials to meet in Washington amid dispute
Turkish, US officials to meet in Washington amid dispute
- Turkey would retaliate by freezing assets of the US interior and justice ministers in Turkey “if they have any”
- The Turkish currency, which lost 27% of its value this year, fell 5.5% to a record low of 5.4250 against the dollar
Algeria inaugurates strategic railway to giant Sahara mine
- The mine is expected to produce 4 million tons per year during the initial phase, with production projected to triple to 12 million tons per year by 2030
- The project is financed by the Algerian state and partly built by a Chinese consortium
ALGEIRS: Algerian President Abdelmadjid Tebboune on Sunday inaugurated a nearly 1,000-kilometer (621-mile) desert railway to transport iron ore from a giant mine, a project he called one of the biggest in the country’s history.
The line will bring iron ore from the Gara Djebilet deposit in the south to the city of Bechar located 950 kilometers north, to be taken to a steel production plant near Oran further north.
The project is financed by the Algerian state and partly built by a Chinese consortium.
During the inauguration, Tebboune described it as “one of the largest strategic projects in the history of independent Algeria.”
This project aims to increase Algeria’s iron ore extraction capacity, as the country aspires to become one of Africa’s leading steel producers.
The iron ore deposit is also seen as a key driver of Algeria’s economic diversification as it seeks to reduce its reliance on hydrocarbons, according to experts.
President Tebboune attended an inauguration ceremony in Bechar, welcoming the first passenger train from Tindouf in southern Algeria and sending toward the north a first charge of iron ore, according to footage broadcast on national television.
The mine is expected to produce 4 million tons per year during the initial phase, with production projected to triple to 12 million tons per year by 2030, according to estimates by the state-owned Feraal Group, which manages the site.
It is then expected to reach 50 million tons per year in the long term, it said.
The start of operations at the mine will allow Algeria to drastically reduce its iron ore imports and save $1.2 billion per year, according to Algerian media.
