BusinessTurkiye

DEIK sets a new target to increase Türkiye–Canada trade to $7–8 billion

The Foreign Economic Relations Board of Türkiye (DEİK) aims to significantly expand trade between Türkiye and Canada, setting a new target of reaching $7–8 billion in bilateral trade volume.

Officials emphasize that although trade between the two countries has been growing, it is still below its full potential. Currently, trade stands at a much lower level (around a few billion dollars annually), indicating strong room for expansion.

Key Points from the Article:

  • New Trade Target:
    The goal is to increase Türkiye–Canada trade volume to $7–8 billion in the coming period.
  • Focus on Cooperation:
    DEİK highlights the importance of strengthening business partnerships, investments, and sectoral cooperation between the two countries.
  • Strategic Sectors:
    There is particular interest in areas such as:
    • Energy
    • Infrastructure
    • Technology
    • Manufacturing
  • Business Delegations & Meetings:
    Efforts include organizing mutual business visits, forums, and investment meetings to connect companies from both countries.
  • Long-Term Potential:
    Officials stress that Türkiye and Canada have complementary economies, meaning trade can grow much further with the right initiatives.

Source: Patronlar Dünyası/ Prepared by: İlayda Gök

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