Turkey-Canada FTA: First Step in $100 Billion Opportunity

The planned Free Trade Agreement (FTA) between Turkey and Canada has entered a critical phase following the evaluations by the two leaders. Public institutions and sector representatives are now engaged in intensive negotiations. The agreement envisions a 15% customs duty reduction for Turkey's exports to Canada and a 10% reduction for Canada's exports to Turkey, aiming to increase the total trade volume between the two countries to $100 billion. Sector representatives highlight opportunities in agriculture, textiles, and machinery, while public institutions focus on investment and collaboration. The customs duty reduction for Turkey's exports is particularly significant for the export sector. The FTA is designed to deepen trade relations and boost economic growth. In this process, Turkey's trade missions in Canada and public institutions are accelerating their collaboration efforts.