HomeEconomyTürkiye, Sweden aim to lift trade volume above $5 billion

Türkiye, Sweden aim to lift trade volume above $5 billion

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Trade Minister Ömer Bolat conveyed on Tuesday the goal of lifting bilateral commerce quantity between Türkiye and Sweden above $5 billion within the close to future as officers from the 2 international locations gathered for talks within the Nordic nation.

In a written assertion on his account on social media platform X, the minister famous he met with Johan Forssell, Sweden’s minister for worldwide improvement cooperation and overseas commerce, on the event of the second session of the Türkiye-Sweden Economic and Trade Joint Committee (JETCO).

“At the meeting, we built a strong foundation for new collaborations, especially in renewable energy, health tourism, green economy, technology, defense, SMEs and startups, to ensure the development of our bilateral economic relations,” Bolat mentioned.

He added that the highway map lined was formalized with the JETCO protocol they’d signed.

“We aim to increase our bilateral trade volume to over $5 billion in a short time by working hand in hand with our private sector organizations, business world, industrialists and companies,” he added.

“In addition to advancing our bilateral cooperation with Sweden, we will continue to work together to modernize the customs union.”

Separately, he additionally famous they held a spherical desk assembly with representatives from the Turkish and Swedish business world in Stockholm along with Forssell, on the sidelines of the JETCO assembly.

“At a time when global trade is being reshaped around digitalization and green transformation, Türkiye is closely following economic and commercial developments in Europe and the world, guiding new developments and strengthening its position as a safe location for international investments with its innovative policies and effective investment incentive instruments,” mentioned Bolat.

Expressing satisfaction that Swedish businesspeople have acknowledged Türkiye as “a reliable trade partner” within the face of world commerce and provide chain challenges, he mentioned, “We believe that the meetings we held today will lead to the emergence of new areas of cooperation in the coming period and further deepen our relations with Sweden.”

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