Turkish Commerce Minister Starts Canada Talks in November
Turkish Trade Minister Omer Bulut announced that Turkey and Canada will begin negotiations on a free trade agreement in Ankara at the end of next November, with the goal of increasing the trade volume between the two countries to $10 billion, up from around $3 billion. This initiative aims to strengthen economic and trade relations. The negotiations will focus on developing cooperation in trade, energy, transportation, and defense industries. Additionally, a memorandum of understanding will be signed between the Turkish Eximbank and the Canadian Export Development Agency to support joint projects. The agreement also seeks to accelerate trade exchange through a three-year action plan and to enhance investment relations between the two countries. This is part of Canada's efforts to diversify its markets and reduce reliance on the United States, with the targeted increase in trade from $3 billion to $10 billion serving as a key objective.
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