Türkiye and the European Union will maintain their first high-level commerce dialogue on July 8, Trade Minister Ömer Bolat and European Commission Vice President Valdis Dombrovskis introduced Thursday.
The minister mentioned Dombrovskis invited a Turkish delegation to Brussels for this vital assembly.
“By working together and cooperating on various issues, we will develop our economic relations in many ways,” Bolat mentioned in his remarks to Anadolu Agency (AA).
The announcement got here after a gathering between Bolat and Dombrovskis on the newly opened Brussels consultant workplace of the Türkiye Exporters Assembly (TIM).
Bolat emphasised the mutual aim of increasing and updating the customs union to learn each events.
He highlighted the continuing efforts to deal with 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 mentioned: “I am very pleased that Dombrovskis proposed to establish a high-level trade dialogue with Türkiye and that we accepted this offer. We will work on many issues on the agenda, and our contacts will continue closely.”
He additionally identified that 40% of Türkiye’s international commerce is with the EU, making Türkiye the EU’s fifth-largest buying and selling accomplice.
Dombrovskis echoed Bolat’s sentiments, expressing his pleasure in saying the high-level commerce dialogue with Türkiye.
“Türkiye is a key partner for the EU and this includes trade, where the mutual volume has continuously increased over the years,” he mentioned.
He acknowledged the necessary function of the Turkish Exporters Assembly in selling commerce and welcomed the opening of TIM’s Brussels workplace.
Dombrovskis highlighted that commerce between the 2 reached a file excessive of over 206 billion euros ($223 billion) in 2023, elevating Türkiye to the EU’s fifth-largest buying and selling accomplice.
“Good to see Trade Minister Ömer Bolat again to discuss preparing High-Level Dialogue on Trade on July 8. Honor to speak at the opening of the Türkiye Exporters Assembly office in Brussels. I look forward to the Assembly helping to boost economic & trade relations,” Dombrovskis mentioned in a put up on X, previously Twitter.
He famous that mutual commerce is balanced and supported by high-value chain integration, with Turkish corporations effectively built-in into European provide chains in sectors resembling motor autos, equipment and electrical tools because of the customs union.
Source: www.dailysabah.com