President Erdogan to visit Germany for Customs Union agreement

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Turkish Trade Minister Omer Bolat announced that President Recep Tayyip Erdoğan will visit Germany in November. Minister Bolat stated that there will be a number of agreements on the agenda, especially the updating of the Customs Union Agreement.

President Erdogan to visit Germany for Customs Union agreement

Turkish President Recep Tayyip Erdogan will visit Germany next month, following his post-election visit to the Gulf states and the United States (US). Trade Minister Omer Bolat announced that the president will hold high-level contacts in Germany on November 17-18 for a series of agreements.

CUSTOMS UNION AGREEMENT ON AGENDA

Attending the Türkiye-Germany Economic and Trade Joint Commission (ETOK/JETCO) meeting, Bolat met with German Economy and Climate Minister Robert Habeck. Turkish Treasury and Finance Mehmet Simsek and Technology Minister Mehmet Fatih Kacir also attended the meeting held at the Turkish capital, Ankara.

Answering the questions of journalists after the meeting, Minister Bolat announced that President Erdogan will pay an official visit to Germany on November 17-18 and that the issue of updating the Customs Union will be on his agenda.

"We had a very productive meeting with Germany, which is one of our biggest trade partners, on our mutual trade, the update of the Customs Union, the European Green Deal, and visa application issues, and we registered our cooperation with mutual signatures," Bolat said.

TRADE VOLUME WITH GERMANY $ 50 BILLION

Bolat reminded that the mutual trade volume between Germany and Türkiye was 45 billion dollars last year and emphasized the increase in trade volume.

"We expect our bilateral trade volume to exceed 50 billion dollars by the end of this year. More than 8 thousand companies with German capital or established in partnership with German capital are operating in our country. As of the end of 2022, Germany's direct investments in our country exceeded 23 billion 100 million dollars. We believe that we can further increase our mutual trade, cooperation, and investments by creating new opportunities," he said.

In addition, Robert Habeck, the German Minister of Economy and Climate Protection, who visited Türkiye, said that there are German companies operating in Türkiye for more than 100 years.

Habeck emphasized that the trade volume between the two countries is heading towards a new record and that the development of the existing Customs Union between Türkiye and the European Union is on the agenda of the two countries.

Source: Anadolu Agency

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