Free Trade Agreement negotiations between Turkey and Canada are set to begin

It has been reported that Free Trade Agreement (FTA) negotiations between Turkey and Canada will be held in Ankara at the end of next month. The target is to raise the trade volume between the two countries first to $5 billion and then to $10 billion.

Officials participating in the inter-delegational talks headed by Turkish President Recep Tayyip Erdoğan and Canadian Prime Minister Mark Carney stated that a decision was made to elevate relations to the level of a strategic partnership. During the meetings, cooperation opportunities in the fields of trade, energy, transportation, and the defense industry were evaluated.

To develop economic and commercial relations, FTA negotiations are planned to start in Ankara at the end of next month. Additionally, with the participation of the business world, the Joint Economic and Trade Committee (JETCO) meeting is projected to be held in the first half of 2027.

Following the meetings to be held with the Canadian Foreign Minister in Istanbul, a memorandum of understanding to strengthen export credits will be signed between Türk Eximbank and Canada's export support agency, EDC. With this agreement, it is aimed that Turkish and Canadian companies will develop joint projects in Africa, MENA, and Central Asia.