The governments of Korea and Turkey on Monday provisionally signed a bilateral free trade agreement, completing three years of negotiations.
Though trade agreements like Preferential Trade Agreement (PTA) or Free Trade Agreement (FTA) are yet to be signed Pakistan and Turkey despite the claims from both sides for the last eight or so years, visiting Turkish steel exporters have stressed the need for just such agreement in order to boost bilateral trade.
The sides are nearing completion of agreement on their trade in goods but yet to sort differences over services and investment.
Deliberations to ink a free trade agreement (FTA) with Turkey will “soon” conclude successfully, South Korean President Lee Myung-bak told reporters in İstanbul on Saturday, signaling that talks which have been ongoing for almost two years between the two countries will finally yield fruit.
Colombia’s vice president expressed on Saturday willingness to see more Turkish investors in his country.
I will disclose details of a private meeting between Turkish and EU officials to shed some light on what has been a rather sour note between Ankara and Brussels for more than a decade now. The gathering took place amid a eurozone sovereign debt crisis and tumultuous Arab revolutions, both of which have put Turkey’s growing trade under considerable strain.
Turkish trade with the GCC (Gulf Cooperation Council), in spite of considerable positive progress in recent years, is lagging far behind its potential. Negotiations for a free trade agreement between Turkey and the GCC were launched in November 2005 but are still ongoing and are expected to conclude soon. The delays appear to have been linked above all to the global economic crisis with the talks suspended for a while in 2008-2009, according to a report "Turkey and the GCC: A strengthening Relationship" issued by the National Commercial Bank (NCB).
Ghana and Turkey will by January 2012 conclude bilateral negotiations for a free trade agreement aimed at increasing trade volumes between the two countries.
Kyiv and Ankara will begin talks on the creation of a free trade area (FTA), Ukrainian President Viktor Yanukovych and Turkish Prime Minister Recep Tayyip Erdogan said at a press conference in Ankara on Thursday.
Turkey’s Economy Ministry has drafted a decree on suspension of free trade agreement with Syria amid ongoing bilateral diplomatic friction, Turkish semi-official Anatolia news agency reported Friday.
Pakistan and Turkey will finalise the Preferential Trade Agreement (PTA) next year to boost bilateral trade, Murat M Onart, Consul General of Turkey said on Monday.
South Africa has rejected Turkey’s proposal for a free trade agreement between the two countries saying that this would encourage "destructive competition that will undermine our industrial and employment objectives".
Foreign Minister Ahmet Davutoğlu shared news of the first steps toward a free trade agreement to be signed between Turkey and South Africa
Turkey and Pakistan on Thursday took a leap forward in their bilateral relations and agreed to transform existing historical brotherly relations into tangible economic partnership.
Turkey hopes to strike a free trade deal on goods with South Korea by year-end in an effort to boost bilateral trade, the visiting Turkish economy minister said Friday.
The government of Turkmenistan faces legal action from twenty Turkish construction firms over broken contracts costing them more than $1 billion in losses, a spokesman representing the companies said on Wednesday.
The president of one of Turkey’s leading business associations has said Turkish-Chilean trade volume has the potential to more than double and reach $1 billion in the next three years.
Foreign Trade Minister Zafer Çağlayan has said a free trade agreement (FTA) between Turkey and India should be signed as quickly as possible to make the best out of what he described as the tremendous trade potential between the two emerging economies.
Turkey will soon be launching talks with Ethiopia to sign a free trade agreement (FTA) with the eastern African nation, Turkish Foreign Trade Minister Zafer Çağlayan said on Wednesday.
The Chile-Turkey Free Trade Agreement (FTA) became effective Tuesday, with 98 percent of bilateral trade now tax-free and the rest to follow suit within six years.