Business · Trade · 15 mins ago
Türkiye and Canada to begin free trade talks next month
Türkiye and Canada plan to start free trade talks in Ankara at the end of next month.
The announcement followed a meeting led by Türkiye’s President Recep Tayyip Erdoğan and Canadian Prime Minister Mark Carney.
Officials also discussed cooperation in trade, energy, transport and defence industries, and agreed to raise the relationship to a strategic partnership.
The countries aim to grow bilateral trade to $5 billion and then $10 billion, though no timetable for those targets was given.
A joint economic and trade committee meeting with business representatives is planned for the first half of 2027.
Their export credit agencies are also set to sign a cooperation agreement after a meeting in Istanbul the following day.
The agreement is intended to help Turkish and Canadian companies develop joint projects in markets including Africa, the Middle East and North Africa, and Central Asia.
Türkiye and Canada plan to begin free trade agreement talks in Ankara at the end of next month.
Trade Minister Ömer Bolat announced the plan after talks led by President Recep Tayyip Erdoğan and Canadian Prime Minister Mark Carney.
The leaders’ talks covered cooperation in trade, energy, transport and the defence industry, alongside a decision to raise bilateral relations to a strategic partnership.
The two countries aim to increase bilateral trade to $5 billion and then $10 billion.
Bolat said an export-credit cooperation memorandum between Türk Eximbank and Canada’s EDC is planned after a meeting in Istanbul.
- Who
- Türkiye and Canada, with the plan announced by Trade Minister Ömer Bolat.
- What
- They plan to begin free trade agreement negotiations. The countries also plan export-credit cooperation between Türk Eximbank and EDC.
- When
- At the end of next month, according to Bolat’s announcement.
- Where
- The negotiations are planned for Ankara.
- Why
- To advance economic and trade relations between the countries.
This story does not have two clearly opposing sides.
Erdoğan and Carney led delegation-level talks on bilateral relations and cooperation.
Türkiye and Canada plan to begin free trade agreement negotiations in Ankara.
Bolat said he was due to meet Canada’s foreign minister in Istanbul, after which Türk Eximbank and EDC would sign an export-credit memorandum.
Bolat said the countries plan to hold a JETCO meeting with business representatives.
- Talks location
- Ankara
- Talks timing
- End of next month
- Trade target
- $5 billion, then $10 billion
- Planned committee meeting
- First half of 2027
- Export-credit partners
- Türk Eximbank and Canada’s EDC
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What people are saying
Kanada ile ekonomik ve ticari ilişkilerimizi daha ileriye taşımak amacıyla Serbest Ticaret Anlaşması müzakerelerine önümüzdeki ay sonunda Ankara'da başlayacağız.
Cumhurbaşkanımızın belirlediği hedef doğrultusunda, ikili ticaret hacmimizi önce 5 milyar dolara, ardından 10 milyar dolara yükseltmek için çalışmalarımızı sürdürüyoruz.