Erdogan and Maduro cement alliance with 'golden handshake'

Erdogan and Maduro cement alliance with 'golden handshake'

"We have this strength, we have this opportunity", said Erdogan through an after a meeting with Maduro and many local businessmen.

"I want my visit to be considered as a symbol of collaboration of the Turkish people with the people of Venezuela", said Erdogan.

Hit by low oil prices, mismanagement and the impact of United States sanctions, Venezuela is in freefall and Maduro is seeking support from allies after winning a second presidential term this year.

President Erdogan has promised to boost his unlikely and bourgeoning alliance with Venezuelan dictator Nicolas Maduro on the first state visit of a Turkish president to the South American country.

Erdogan and Maduro signed a series of agreements in the areas of mining, commerce and oil.

"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.

"Trade restrictions and sanctions are wrong", Erdogan said, warning that such measures would only deepen "instabilities".

Clashes Reported in France’s 4th Week of Violent Protests
Police installed special reinforced barricades in the posh streets around the presidential Elysee palace. Four people have died in accidents during the protests and political leaders have appealed for calm.

The Turkish president added that his "friend" Maduro was facing "manipulative attacks from certain countries and acts of sabotage from economic assassins", in an apparent reference to the United States.

"Political problems can not be resolved by punishing an entire nation", said the Turkish head of state.

The US has accused Venezuela's government of violating human rights and triggering an economic meltdown.

"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.

Venezuela, overwhelmed by hyperinflation, a severe shortage of commodities and a strong recession, has reportedly exported around $ 700 million worth of gold to Turkey.

In what Maduro said was a clear message to the world, he stressed Turkey's position as an "important leader" in Eurasia and the current head of the Organization of Islamic Cooperation (OIC) as well as Caracas' place as the leader of the Non-Aligned Movement.

Related Articles

  • Wilder Wants Rematch With Fury 'ASAP'

    Wilder Wants Rematch With Fury 'ASAP'

    He said Joshua and his team are "getting what they deserve" by being sidelined from his two most high-profile potential opponents. Wilder, however, claims he has no other fighter than Fury on his mind, as he vows end any questions about the split decision.
    Cardi B trumps Nicki Minaj with Grammys 2019 nominations

    Cardi B trumps Nicki Minaj with Grammys 2019 nominations

    She appeared in court wearing long rainbow hair and Christian Louboutin boots, along with a floppy hat and a fur-trimmed jacket. Cardi, appearing to be over all of the spectacle surrounding the case, sticks out her tongue for the cameras.
    North Carolina Democrat Drops Concession Amid Probe

    North Carolina Democrat Drops Concession Amid Probe

    Three Republican state senators, who represent parts of North Carolina's ninth district, asked North Carolina Democrat Gov. The board is meeting later this month to hear evidence, but it's unclear whether the race will be settled then.
  • Trump's chief of staff John Kelly to leave at end of year

    Trump's chief of staff John Kelly to leave at end of year

    Ayers, Vice President Mike Pence's chief of staff, has emerged as the clear favorite to replace Kelly. A separate report from ABC says a White House senior staff meeting this morning was cancelled.
    Mohamed Salah matches former Reds star Luis Suarez as Liverpool thump Southampton

    Mohamed Salah matches former Reds star Luis Suarez as Liverpool thump Southampton

    From there, it felt like a question of how many more goals a hugely impressive display would yield for Klopp's team. After Firmino won the ball back, Salah ran at the Bournemouth defence and finished into the bottom corner.
    Marlboro’s owner invests $1.8 billion in Canadian cannabis company

    Marlboro’s owner invests $1.8 billion in Canadian cannabis company

    Shares of Cronos surged as much as 33 per cent to $18.56 on the Toronto Stock Exchange from its $13.98 closing price on Thursday. Altria is in talks to acquire a stake in e-cigarette start-up Juul Labs Inc., according to reports by US media outlets.
  • Derek Fisher excited to be new coach of Sparks

    Derek Fisher excited to be new coach of Sparks

    The 44-year old-will become the franchise's 12th head coach, as he replaces Brian Agler , who gave up his post last month. That being said, Fisher's a midseason firing after compiling a 40-96 record in one-plus seasons marred his tenure in NY .
    Police arrest about 90 in raids on Italian mafia

    Police arrest about 90 in raids on Italian mafia

    European police agency Europol called it a "decisive hit against one of the most powerful Italian criminal networks in the world". German prosecutors said 65 premises linked to the southern Italy-based organised crime group were also being searched.
    ‘Stranger Things’ Retro Game Will Follow the Events of Season Three

    ‘Stranger Things’ Retro Game Will Follow the Events of Season Three

    It's been over a year since Stranger Things 2 turned the Netflix series into an even bigger worldwide smash. An exact date wasn't given, but the game will release on Xbox One , PlayStation 4, Nintendo Switch and PC.
  • White House chief of staff John Kelly expected to step down soon

    White House chief of staff John Kelly expected to step down soon

    Trump had nothing but praise for the two new Cabinet members who he announced Friday he would nominate. Kelly took part in at least four Oval Office meetings with Trump on Thursday.
    We're not your 'hired gun' anymore, Imran Khan tells US

    We're not your 'hired gun' anymore, Imran Khan tells US

    He said Iranian Foreign Minister Jawwad Zarif also paid a visit to Islamabad and discussed the modalities for Yemen peace process. PM Khan said the USA has blamed Pakistan for its own deeply flawed policies, like the military approach to Afghanistan.
    Alisson Becker equals club record after Liverpool complete comeback win over Burnley

    Alisson Becker equals club record after Liverpool complete comeback win over Burnley

    With Liverpool getting on top, it was a surprise when Burnley took the lead just before the hour. England ace Gomez collided with te advertising boards early in the game at Turf Moor.