
Minister of Commerce Ömer Bolat met with his Canadian counterpart Maninder Sidhu at the G20 meeting in Wisconsin and confirmed that the Free Trade Agreement exploratory talks will be completed by the end of October.
AI-generated summary
FTA negotiations were officially launched at the NATO Summit held by President Erdoğan and Canadian Prime Minister Carney in July.
In his post on his NSosyal account, Bolat emphasized that the partnership with Canada has entered a new phase after the comprehensive Free Trade Agreement negotiations between the two countries were officially launched with the meeting between President Recep Tayyip Erdoğan and Canadian Prime Minister Mark Carney within the scope of the NATO Summit held in Ankara in July.
Stating that they met with Canadian Minister of International Trade Maninder Sidhu on the occasion of the G20 Trade Ministers Meeting in Wisconsin, Bolat said:
"We discussed the current status of our bilateral trade, which amounts to up to 4.5 billion dollars, and the next steps to be taken to unlock significant business potential in the fields of energy, defense, trade, transportation, green economy and digital transformation. We mutually confirmed that the Free Trade Agreement exploratory talks will be completed by the end of October."
AI outlook — possibilities, not facts
Completing the FTA exploratory talks by the end of October
Very likely · Within weeks

The Capital Markets Board started to make interim payments of up to 1 million TL to the investors of the funds established by Tera Portföy, Pusula Portföy, Atlas Portföy and Hedef Portföy and decided to be liquidated. Full payment will be paid for those whose net investment amount is less than 1 million TL, and a maximum of 1 million TL will be paid for those whose net investment amount is 1 million TL and above. It will first be launched from money market funds.

While the Istanbul Chief Public Prosecutor's Office's fund investigation continues, DDK will inspect whether public institutions and organizations related to capital markets were negligent during the crisis. Within the scope of the audit, they have the authority to request data and documents, recommend suspension of suspected officials from duty, and file criminal complaints.

In an interview with the French La Croix newspaper, ECB President Christine Lagarde said that her term will end in 2027, that if she resigns early, it will only last a few months, and that she is against his candidacy for the French presidency. He also described France's debt ratio approaching 120% as a dangerous financial situation and assessed that the European financial system had become more resilient than the 2008 crisis.
The Ecel mobile system, which was implemented to avoid reflecting global fluctuations in fuel prices and exchange rate movements to the consumer, has ended as of today. LPG returned to the pre-mobile system and the Special Consumption Tax was increased from 9.2190 lira per kilogram to 11.3830 lira, which will lead to an increase of approximately 1.48 lira in the pump price. As for gasoline, a gradual transition model has been introduced: 7.9000 liras of SCT will be applied in October, 11.3600 liras in November and 14.8277 liras in December, which will cause an increase of approximately 4.15 liras in the pump price.

The Ecel mobile system, which was implemented to avoid reflecting global fluctuations in fuel prices and exchange rate movements to the consumer, has ended. Special Consumption Tax rates were increased on gasoline and LPG; There will be a gradual increase in gasoline prices, starting from 7.90 TL in October, while LPG has returned to the old system and an increase of approximately 1.48 TL is expected in pump prices.
US President Donald Trump announced that South Korea will invest up to 200 billion dollars in the US. Within the scope of this investment, a 6 GW electricity generation facility, 8 new large-scale nuclear power plants and an LNG pipeline in Alaska will be built in Texas. Trump stated that these investments will increase the energy security of the USA and provide jobs.