New cooperation alternatives that may strengthen the financial and industrial relations between the 2 nations had been mentioned on the Türkiye-Slovakia Business Forum held in Bratislava, Trade Minister Ömer Bolat stated Tuesday, highlighting the goal to raise commerce quantity between the 2 nations to $3 billion (TL 92.7 billion) in short-term, and $5 billion in medium-term.
“We opened a new chapter in our bilateral relations by signing the Founding Declaration of the Türkiye-Slovakia Joint Economic and Trade Committee (ETOK/JETCO),” Bolat stated in a publish on his social media account on X, previously Twitter.
“During the ETOK Founding Declaration Meeting, I had a bilateral meeting with Deputy Prime Minister and Minister of Economy Denisa Sakova of Slovakia. Following the forum attended with Ms. Sakova, we signed the ETOK Founding Declaration,” he added.
The minister additional stated that JETCO would rework “our economic and trade relations into a strategic partnership, enabling collaborative efforts between business communities from both countries.”
He famous that as of 2023, the commerce quantity with Slovakia reached $2.3 billion, marking the best determine between the 2 nations. “In our bilateral relations with Slovakia, there is significant potential in various sectors, including automotive, innovation, information technology and renewable energy,” he added.
“During the Türkiye-Slovakia Business Forum, we discussed new collaboration opportunities to strengthen the economic and trade relations between the two countries,” the minister additionally stated.
“We aim to increase our bilateral trade volume to $3 billion in the short term and $5 billion in the medium term. Green transformation, digitalization, and mobility emerge as key areas where we can enhance our collaboration,” famous Bolat.
Highlighting Türkiye’s dynamic economic system, strategic location, and sturdy commerce community, he additionally famous they known as on Slovak corporations to learn from the engaging funding alternatives supplied by Türkiye.
“Additionally, within the scope of the Business Forum, we witnessed the signing of the Memorandum of Understanding (MoU) between the Foreign Economic Relations Board of Türkiye (DEIK) and the Slovak Investment and Trade Development Agency (SARIO).”
“We find the signing of both documents significant in establishing an institutional framework to deepen economic and trade relations between Türkiye and Slovakia,” the minister stated.
“Additionally, we discussed topics related to EU-Türkiye economic relations. In this context, we delved into the potential for mutual investments and collaboration in energy, tourism, and technology,” he stated.
“Through the JETCO mechanism and in line with these priorities and our renewed perspective, we will strengthen our economic relations further,” he concluded.
Source: www.dailysabah.com
