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Turkish and European officials, business Leaders promote economic relations

by John Pierce
July 3, 2023
in Business
2 min read
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Turks and officials from the European Union and business Leaders alike praised the economic ties between Turkey and the bloc on Tuesday at a high level business dialogue Meeting in Istanbul, with A busy meeting to discuss ways to enhance bilateral economic cooperation.

The meeting was organized by the union of Chambers and Commodity Exchanges of Turkey (TOBB) and the European Chamber of Trade and Industry (Eurochambres).

It started with Opening remarks by Faruk Kaymakci, Deputy Foreign Minister of Turkey minister And the director for European Union Affairs, Oliver Varhely, European Commissioner for Neighborhood and expansion, TOBB head Eurochambres Vice President Rifat Hisarcıklioğlu and Eurochambres President Luc Frieden.

The last High-level economic dialogue held between Turkey and the European Union in February 2019, 3 and a half years ago.

to treat participantsKaymakçı stressed the importance of of Bilateral travel between the EU and Turkey, and also I touched on The issue of Visa facilitation.

As Turkish officials say the European Union failed to me live up her promise of Visa-free travel under the 2016 Immigration Agreement, in Members of recent months of Turkish public And businessmen said visa procedures for Europe takes months, involves a lot of paperwork, and gets rejected a lot.

Varheli began his speech by praising Turkey as a “major economic partner, candidate country, and key An ally in NATO.

Varheli said the “complex relations” between Turkey and the European Union “are very important these days”, especially because of the war. in Ukraine.

‘long term, unique partnership’

Turkish Trade Minister Mehmet Muş said that Turkey and the European Union have “long-standing relations and unique Partnership “covers many key areas such as trade, security, immigration, and energy.

Among all these areas, trade has a center role in Muş said that relations between Turkey and the European Union are the backbone of our partnership with The European Union is the Ankara Agreement (1963) and the Customs Union (1995) ultimate outcome.”

“the size of trade Between the EU and Turkey nearly sixfold during this period of Customs Union, is expected to reach 200 billion dollars by the end of the year of this is year,” he is added.

In welcoming the meeting, Hisarcıklıoğlu emphasized the importance of cooperation.

“It is important that we sit together like the European Union and Turkey business Turkish communities government, European Commission and talk about current “The situation and ways and means to find common solutions,” Hisarcıklıoğlu said.

Says how Annual trade in Goods between the EU and Turkey recently hit 132 billion euros ($123.3 billion), he said added Turkey’s exports to the European Union are estimated at 63 billion euros.

“These exports consist mainly of of Machinery, transportation equipment, clothing, agriculture and ore materials,” he is added.

Frieden praised the deep economic ties between Turkey and the European Union, describing Turkey as “important.” business partner.”

“That’s why I’m glad we have dialogue Frieden said.

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