Turkiye to work with Germany to reach $60-bn bilateral trade target

07 May '24

1 min read

Turkiye to work with Germany to reach $60-bn bilateral trade target

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Turkiye will continue to work with Germany to achieve the $60-billion bilateral trade target, the former's envoy to the latter Ahmet Basar Sen told an event in Dusseldorf.
Bilateral trade volume between both sides exceeded $50 billion by the end of 2023.
“Turkiye's full EU membership and its participation in the single market is the ultimate goal,” he added.

Turkiye will continue to work with Germany to achieve the $60-billion bilateral trade target, the former’s ambassador to the latter Ahmet Basar Sen told the eighth Turkish-German Economy Day event in Dusseldorf recently.

Bilateral trade volume between both sides exceeded $50 billion by the end of 2023, he noted.

Foreign trade volume between Turkiye and Germany’s North Rhine-Westphalia state, the largest in economic size in the country, was worth $11.34 billion last year. Eight hundred and fifty Turkish companies have invested in the region, he said.

The event was organised by the Association of Turkish Entrepreneurs and Industrialists in Europe (ATIAD).

“We are proud of the economic vitality made possible by Turkish people in Germany ever since the 1960s, with the companies they established with large capital, as well as our young people and people with experience who created lives for themselves, working in many sectors of Europe and Germany,” Sen was quoted as saying by Turkish media reports.

Turkish President Recep Tayyip Erdogan visited Germany in November last year and his German counterpart Frank-Walter Steinmeier visited Turkiye at the end of April, he noted.

“Turkiye’s full EU membership and its participation in the single market is the ultimate goal,” he added.

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