HomeEconomyTürkiye's trade chief due in Japan for talks to boost economic ties

Türkiye’s trade chief due in Japan for talks to boost economic ties

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Türkiye’s high commerce official is due in Japan for two-day talks with authorities officers and personal sector representatives, searching for to strengthen financial cooperation, a report stated on Tuesday.

The go to on Wednesday and Thursday by Trade Minister Ömer Bolat goals to hold the deep-rooted friendship between Türkiye and Japan to a better stage within the financial and industrial fields, Anadolu Agency (AA) reported.

Within the scope of the journey, which coincides with the a hundred and first anniversary of diplomatic relations between the 2 international locations, Bolat will attend the official opening ceremony of the Turkish pavilion for Expo 2025 Osaka and introduce Türkiye’s cultural and technological imaginative and prescient to the worldwide group.

Türkiye is collaborating within the expo with the theme, “Golden Age of Civilizations,” whereas the 900 sq. meter nationwide pavilion brings collectively Anatolia’s cultural heritage and the nation’s imaginative and prescient for the long run.

On Thursday, Bolat will maintain separate bilateral conferences with the Japanese ministers of commerce, transport and infrastructure, and agriculture in Tokyo, the report stated.

He may also attend the Türkiye-Japan CEO roundtable assembly, which can convey collectively the main names of the Turkish and Japanese business world, and meet the president of the Japan External Trade Organization (JETRO).

Japan is Türkiye’s fourth-largest buying and selling associate in Asia. The commerce quantity between the 2 international locations reached $5.4 billion in 2024.

Türkiye’s exports amounted to $718 million and imports stood at $4.7 billion, which factors to a structural imbalance between the events.

Accelerating the negotiations on the Economic Partnership Agreement (EPA), launched in 2014 to deal with this imbalance and construct a extra equitable financial construction, is a precedence on the frequent agenda.

The complete funding of greater than 275 Japanese firms working in Türkiye exceeds $3.1 billion, AA stated.

Türkiye affords important alternatives for Japanese capital with its strategic intercontinental location, younger and dynamic labor drive, superior infrastructure and investor-friendly reforms.

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