Trade Minister Ömer Bolat on Wednesday stated Türkiye and Czechia had been decided to boost their bilateral items trade quantity to $10 billion (TL 321.81 billion) in three to 4 years.
Bolat’s remarks got here on the sidelines of the Türkiye-Czechia Joint Economic and Trade Commission (JETCO) assembly in Prague.
“The Czech minister and I signed the Türkiye-Czechia JETCO settlement, and now, the relations between the 2 international locations are extra constructive and pleasant,” he informed Anadolu Agency (AA).
Czech Trade Minister Jozef Sikela attended the assembly together with ambassadors from each international locations.
“The two NATO members, Türkiye and Czechia, assist one another in political, army, and protection fields,” he added.
Renewable power potential
Bolat famous that the amount of overseas commerce between Türkiye and Czechia has risen practically thirteenfold since 2002, from $450 million to $5.8 billion. Of this, Czechia’s exports to Türkiye quantity to $3.8 billion, he stated.
“Czech companies have investments amounting to $660 million in Türkiye, whereas Turkish traders invested $40 million in Czechia,” stated Bolat.
“Czechia has a powerful financial system within the automotive, power, porcelain, crystal and equipment sectors. Additionally, they’ve many investments in hydraulic dams and energy vegetation in Türkiye,” he added.
Citing the vital alternatives to be seized in renewable power, Bolat underlined that 42% of Türkiye’s whole power manufacturing comes from water, wind and photo voltaic power.
“We have an extended option to go to succeed in our aim of a carbon-free financial system by 2053,” he stated.
Trade quantity
Bolat talked about that tourism between Türkiye and Czechia continues to enhance, with practically 100,000 Turkish residents visiting Czechia on an annual foundation. Czech residents coming to Türkiye reached round 400,000, he added.
He additionally highlighted Türkiye’s profitable and aggressive providers sector.
“Tourism, logistics, health, education and cultural tourism of Türkiye provide great opportunities, and coupled with Czechia’s strong economy and industry sector, the two countries have complementary sectors,” the minister famous.
“We made a dedication for Türkiye and Czechia to succeed in a commerce quantity of $10 billion within the subsequent three to 4 years, and we’ll accomplish this along with the personal sector, in addition to growing participation in worldwide expos and business discussion board conferences.”
Visa facilitation
Bolat said that he expects the assist of Czechia when it comes to relations with the European Union for visa facilitation for Turkish nationals.
He famous that Czechia desires the Turkish financial system to develop additional and stabilize, because it goals to do extra business in Türkiye.
Source: www.dailysabah.com