Canada and Turkey establish strategic partnership
Turkey and Canada announced the elevation of their relations to the level of "strategic partnership," with the aim of expanding cooperation in the fields of trade, energy, defense, and transportation, and developing a free trade agreement within the next three years. Both governments are seeking to increase the volume of trade exchange from approximately $3 billion currently to $10 billion in the future, focusing on boosting investments and facilitating collaboration between companies in foreign markets. This step comes as part of Canada's efforts to diversify its export markets and reduce dependency on the United States, especially in light of American customs duties and the approximately 50% increase in trade between the two countries over the past five years. Additionally, the visit saw the signing of agreements in the nuclear energy and aviation sectors. Turkey aims to attract investments in energy, mining, and advanced industries, with plans to establish a second nuclear plant on the Black Sea coast.
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