Turk Eximbank and Export Development Canada Sign Trade Memorandum
1 report, 1 independent
Updated Oct 23
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What happened
Turk Eximbank and Export Development Canada signed a memorandum to help firms from both countries pursue overseas projects. Turkish Trade Minister Omer Bolat stated the agreement is intended to deepen export-credit ties, with an emphasis on Africa, the Middle East, North Africa, and Central Asia.
From econotimes.com
Why it matters
The memorandum supports closer trade and economic ties between Turkey and Canada, aligning with ongoing negotiations for a potential free trade agreement. Closer cooperation was previously cited as a potential source of job creation and stronger supply networks.
Exploratory talks are underway regarding a potential Free Trade Agreement between Turkey and partners.
From econotimes.com