Minister Ömer Bolat Speaks at the Turkey-EU Business Summit in Brussels

Serdar HocamAuthor & Editor

Trade Minister Ömer Bolat announced at the summit held in Brussels that the trade volume between the parties has exceeded 233 billion dollars.

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Trade Minister Ömer Bolat met with European Union Trade and Economic Security Commissioner Maros Sefcovic at the Turkey-EU Business Summit held in Brussels and addressed business leaders.

Emphasis on Strategic Cooperation at the Brussels Summit

Trade Minister Ömer Bolat addressed business leaders alongside European Union Trade and Economic Security Commissioner Maros Sefcovic within the scope of the Turkey-EU Business Summit held in Brussels.

The Necessity of Acting Together in Global Trade

Minister Bolat stated that it is a strategic necessity for Turkey and the European Union to act with a shared understanding of competitiveness and economic security against the turmoil experienced in global trade.

The Importance of High-Level Dialogue in Economic Relations

Drawing attention to the strategic importance of economic and commercial relations between Turkey and the European Union at the summit, it was emphasized that the High-Level Trade Dialogue mechanism plays a key role.

Trade Volume Exceeding 233 Billion Dollars

Minister Bolat stated that the trade volume exceeding 233 billion dollars and European capital, which constitutes approximately 70 percent of direct foreign investments in Turkey, are tangible proof of the deep-rooted partnership between the two sides.

Customs Union and Supply Chain Policies

It was expressed at the meeting that the European Union's new industrial and competition policies should be shaped by taking into account the strong production and supply chains established through the Customs Union.