Turkey, Finland sign Joint Economic and Trade Committee agreement

Turkish minister urges Finnish investors to seize opportunities in Turkey, and projected $300 billion in Turkish investment abroad over the next decade.

Turkish Economy Minister Nihat Zeybekci and Finland’s Foreign Trade Minister Lenita Toivakka signed a Joint Economic and Trade Committee agreement on 4th of February.

The agreement is intended to boost bilateral trade and investment. Speaking at the signing ceremony, Zeybekci said that  Turkey plans to make investments worth at least $300 billion over the next decade, and urged Finnish companies to increase their investment inTurkey.

Turkey has attracted foreign direct investment worth about $140 billion, Zeybekci said.  “Overall, direct investment of Finland in  Turkey is approximately $300 million. We invite Finnish investors toTurkey.” Zeybekci said.

Finland’s Foreign Trade Minister Toivakka said that the new agreement is a critical step to boost cooperation and trade ties between the two countries. Both Turkey and Finland recognize that small- and medium-sized enterprises are important elements of the economy. Toivakka noted the importance of cooperation between smaller companies in each country.

Anadolu Agency