Turkish and Greek business leaders signed Wednesday a memorandum of understanding to improve bilateral economic relations.

The trade pact was signed between Turkey’s Foreign Economic Relations Board (DEIK) and SEVE Greek Exporters Association as part of a roundtable meeting between the countries’ business world, the DEIK announced.

Levent Sadik, the head of the DEIK’s Turkey-Greece Business Council, said the agreement was an important step for doubling the bilateral trade volume of two countries.

Turkey’s exports to Greece were $2.1 billion last year while imports amounted to $1.4 billion.

SEVE head Georgios Konstantopoulos stressed the two institutions’ activities in commercial

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