Minister Bolat attended the Türkiye-EU Business Summit in Brussels

Minister of Commerce Ömer Bolat, in his post on his virtual media account, stated that they attended the Turkey-EU Business Summit, which was held in Brussels, the capital of Belgium, with the wide participation of the Turkish and European Union (EU) business world. Stating that they addressed business leaders together with EU Trade and Economic Security Commissioner Maros Sefcovic at the summit, Minister Bolat noted that Sefcovic emphasized the strategic importance of Turkey-EU economic and commercial relations in his speech and stated that the High Level Trade Dialogue (YDTD) mechanism plays a key role in moving these ties forward.

'TRADE VOLUME EXCEEDED 233 BILLION DOLLARS'

Drawing attention to the deep-rooted economic partnership between Turkey and the EU, Minister Bolat said, "Our trade volume exceeding 233 billion dollars and European capital, which constitutes approximately 70 percent of foreign direct investments in our country, are the most concrete indicators of the deep-rooted economic partnership and mutual dependence between Turkey and the European Union."

EMPHASIS ON CUSTOMS UNION AND STRATEGIC PARTNERSHIP

Touching on the developments in global trade and areas of cooperation in his speech, Minister Bolat said:

"In our address, we stated that it is a strategic necessity for Turkey and the EU to act with a common understanding of competitiveness and economic security against the turmoil in global trade. We emphasized that the EU's new industrial and competition policies should be shaped by taking into account the strong production and supply chains established thanks to the Customs Union. Turkey is not only an important trade partner for Europe; it is also a strong production base, a reliable supply chain stakeholder and a strategic partner in global competition. We emphasize Europe's industrial capacity, supply security and global markets. "Türkiye's potential in improving competitiveness is becoming more important day by day. Therefore, deepening Turkey-EU economic relations on the basis of existing gains will serve the long-term interests of both parties."

'WE ARE DETERMINED TO TAKE OUR COMMON COMPETITIVENESS TO THE HIGHEST LEVEL'

Explaining the goals and vision for the next period, Minister Bolat completed his statement as follows:

"We are determined to maximize our common competitiveness and develop our bilateral trade by deepening our cooperation in green and digital transformation processes, making more effective use of the opportunities offered by the Customs Union and strengthening the ties between our business worlds. The Turkey Century vision, which we put forward under the leadership of our President, Mr. Recep Tayyip Erdoğan, also reveals our goal of making Türkiye one of the strong and indispensable actors of the global economy while expanding our country's capacity in the fields of production, exports, investment and technology. "In line with our 21st century goal, we will continue to work determinedly to move our country's strategic geographical location, strong industrial infrastructure, qualified human resources and advanced production capabilities to a more advanced position in international trade."