Turkey, Finland sign Joint Economic and Trade Committee agreement

ANKARA – Turkish Economy Minister Nihat Zeybekci and Finland’s Foreign Trade Minister Lenita Toivakka signed a Joint Economic and Trade Committee agreement on Wednesday.

The agreement is intended to boost bilateral trade and investment.

Speaking at the signing ceremony, Zeybekci said that Turkey plans to make investments worth at least $300 billion over the next decade, and urged Finnish companies to increase their investment in Turkey.

Turkey has attracted foreign direct investment worth about $140 billion, Zeybekci said.  “Overall, direct investment of Finland in Turkey is approximately $300 million. We invite Finnish investors to Turkey.” Zeybekci said.

Finland’s Foreign Trade Minister Toivakka said that the new agreement is a critical step to boost cooperation and trade ties between the two countries.

Both Turkey and Finland recognize that small- and medium-sized enterprises are important elements of the economy. Toivakka noted the importance of cooperation between smaller companies in each country.

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