Türkiye and Japan's year-end trade target 6 billion dollars: Turkish Minister
Turkish Trade Minister Omer Bolat met with his Japanese counterpart Yasutoshi Nishimura. Bolat said that the year-end trade with Japan will reach 6 billion dollars. Both countries decided to restart the negotiations on the Japan-Türkiye Economic Partnership agreement at the technical level, which had stopped after the earthquake disaster in our country. Negotiations will resume in a way that will serve balanced trade for both countries
Both countries are pleased that mutual trade between Türkiye and Japan has exceeded 5 billion dollars. By the end of this year, the trade volume is expected to reach 6 billion dollars, Turkish Trade Minister Omer Bolat said.
Turkish Trade Minister Omer Bolat attended the Japan-Türkiye Business Forum organized by the Japan External Trade Organisation (JETRO). Before the forum, a meeting was held between Minister Bolat and his Japanese counterpart Yasutoshi Nishimura.
"We are very pleased that the mutual trade between the two countries has exceeded 5 billion dollars. We believe that we will reach 6 billion dollars by the end of this year," Bolat said.
"We have decided to hold the Türkiye-Japan Trade and Investment Summit in Tokyo as soon as possible, which was previously established to promote cooperation between the two countries in the fields of trade and investment. We have decided to restart the negotiations on the Japan-Türkiye Economic Partnership agreement at the technical level, which had stopped after the earthquake disaster in our country. Negotiations will resume in a way that will serve balanced trade to both countries," the Turkish Minister added.
THANKS TO JAPAN FOR EARTHQUAKE AID
Minister Bolat thanked Japan for the aid sent by Japan during the earthquake disaster in Türkiye last February, which killed thousands of people. He also stated that the reconstruction process of the cities damaged by the earthquake will be co-operated.
"We discussed possible cooperation issues regarding the reconstruction process of the cities damaged in the earthquake. We also discussed the cooperation opportunities between the two countries at the point of investments in Africa, the Middle East and Central Asia, reconstruction works with the end of the war in Ukraine; finance, technology and investment cooperation between Japan and Türkiye," Bolat stressed.
Japanese minister Nishimura touched upon the cooperation between the two countries.
"During our meeting, we discussed trade, investment, and economic relations. In order to reach the level of strategic alliance, we have to further strengthen our bilateral economic relations. I express my condolences to the victims of the February 6 earthquakes in Türkiye and to their relatives. We would like to actively participate in the reconstruction work as Japan," the Japanese minister highlighted.
"Today we agreed to accelerate the negotiations on the economic partnership agreement for the development of trade and investment. I know that Turkish companies are very active in regions such as the African continent and Central Asia. We also discussed the development of our bilateral cooperation in the reconstruction of Ukraine," he added.
After the meeting, a joint declaration on trade, investment, and economic cooperation between Türkiye and Japan was signed.
Source: Ihlas News Agency
