The European-Turkish Trade and Investment Council (ETTIC) hosted its annual New Year’s reception Friday on the Shangri-La Hotel in Istanbul, drawing diplomats and executives with key investments in Türkiye.
The deputy international minister and director of EU affairs, Mehmet Kemal Bozay, attended because the visitor of honor. In his remarks, Bozay emphasised the significance of modernizing the customs union between Türkiye and the European Union to boost financial ties.
The present customs union, signed in 1995 and enacted on the final day of that 12 months, permits for tariff-free commerce in industrial items and processed agricultural merchandise. However, it doesn’t cowl providers, agriculture or regulatory harmonization.
Türkiye has been looking for to replace the settlement to incorporate these areas, however negotiations have been sluggish.
During the occasion, Bozay held discussions with chamber presidents and business leaders from Türkiye and Europe, assessing the 12 months forward and outlining methods for commerce and funding in gentle of evolving political and financial situations.
ETTIC Secretary-General Veronique van Haaften opened the well-attended reception, adopted by remarks from ETTIC President Markus C. Slevogt.
Slevogt underscored the necessity for sustainable financial relations between Türkiye and the EU.
ETTIC, a nonprofit group established by European bilateral chambers of commerce in Türkiye, goals to deepen commerce and funding ties between the EU and Türkiye.
Source: www.dailysabah.com