Turkey wants to cooperate with Italy through joint investment and production, Turkish Trade Minister Ruhsar Pekcan said Thursday.
“Turkey gives priority to high value-added production, exports, medium-high technology investment and the digital economy,” Pekcan said during a video conference with Italian Foreign Minister Luigi Di Maio ahead of a meeting of the Joint Economic and Trade Committee (JETCO).
Among the topics of discussion were bilateral economic and trade relations, transportation and logistics, construction and consulting services, protectionist measures against the import of European Union steel products and the renewal of the Customs Union agreement.
Noting that Italy is Turkey’s fourth largest export market, Pekcan said the volume of trade between the two countries fell by 20.7% to $ 7.5 billion in the first half of this year due to the coronavirus pandemic.
“We will continue to support all types of private sector initiatives between the two countries,” Pekcan said.
In Maio also emphasized the great potential of Turkish and Italian entrepreneurs who work together in other countries.