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- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,509+0.01%
- October 17, 202613°
Türkiye and the United States target $50 billion in trade by 2028
Minister of Trade Ömer Bolat and U.S. Trade Representative Jamieson Greer discussed steps to strengthen the two countries’ trade and economic relations on Wednesday during the G20 Trade Ministers’ Meeting. Energy, the defense industry and the digital economy were highlighted as part of the goal of increasing trade volume to $42–43 billion by the end of this year and $50 billion by the end of 2028.
Developing trade and economic relations between Türkiye and the United States was discussed at a meeting held on Wednesday between Minister of Trade Ömer Bolat and U.S. Trade Representative Jamieson Greer on the sidelines of the G20 Trade Ministers’ Meeting.
The meeting addressed steps that could be taken to further strengthen trade and economic ties between the two countries. The parties discussed removing barriers to trade, making more effective use of existing potential and increasing mutual investments.
$50 billion target for 2028
The goal of increasing bilateral trade between Türkiye and the United States to $50 billion by the end of 2028 was one of the main topics of the meeting. Bolat said trade volume is expected to reach $42–43 billion by the end of this year.
Cooperation opportunities highlighted
The parties also assessed sectors that could provide new cooperation opportunities in the coming period. Energy, the defense industry and the digital economy were among the areas highlighted.
Bolat said Türkiye would continue efforts to develop its trade and economic relations with the United States on the basis of mutual interests.
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