International Courant
BRUSSELS
Türkiye and the European Union will maintain their first high-level commerce dialogue on July 8, Turkish Commerce Minister Omer Bolat and European Fee Vice President Valdis Dombrovskis introduced Thursday.
Bolat stated Dombrovskis has invited a Turkish delegation to Brussels for this important assembly.
“By working collectively and cooperating on varied points, we are going to develop our financial relations in some ways,” he stated.
The announcement got here after a gathering between Bolat and Dombrovskis on the newly opened Brussels consultant workplace of the Türkiye Exporters Meeting (TIM).
Bolat emphasised the mutual objective of increasing and updating the Customs Union to profit each events.
He highlighted the continuing efforts to handle points inside the Customs Union framework, noting the constructive and functioning dialogue between Türkiye and the EU.
Expressing his satisfaction with the initiation of the high-level commerce dialogue, Bolat stated: “I’m more than happy that Dombrovskis proposed to determine a high-level commerce dialogue with Türkiye and that we accepted this provide. We’ll work on many points on the agenda, and our contacts will proceed intently.”
Bolat additionally identified that 40% of Türkiye’s international commerce is with the EU, making Türkiye the EU’s fifth-largest buying and selling accomplice.
“By working collectively and cooperating on varied points, we are going to develop our financial relations in some ways,” he added.
Dombrovskis echoed Bolat’s sentiments, expressing his pleasure in saying the high-level commerce dialogue with Türkiye.
“Türkiye is a key accomplice for the EU, and this consists of commerce, the place the mutual quantity has repeatedly elevated over time,” he stated.
He acknowledged the necessary position of the Turkish Exporters Meeting in selling commerce and welcomed the opening of TIM’s Brussels workplace.
Dombrovskis highlighted that commerce between the 2 reached a document excessive of over €206 billion in 2023, elevating Türkiye to the EU’s fifth-largest buying and selling accomplice.
He famous that mutual commerce is balanced and supported by high-value chain integration, with Turkish corporations properly built-in into European provide chains in sectors corresponding to motor automobiles, equipment and electrical tools due to the Customs Union.
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