Turkey and Italy eyeing $30B trade volume

Turkey and Italy eyeing $30B trade volume

Turkey and Italy are aiming to reach a bilateral trade volume of $30 billion from the current $20 billion, Turkish trade minister Ruhsar Pekcan said.

Italy is an important trader partner serving as the third-largest export destination for Turkish goods and is the fourth-largest importer for the country, Pekcan said at the Joint Economic and Trade Committee (JETCO) meeting.

Italy’s foreign minister Luigi Di Maio said that Turkey has great opportunities for economic cooperation in infrastructure, adding that he hopes for more cooperation in railways and other areas in the coming months.

"Both countries have targets in the energy sector as well, especially in energy diversification, and supply improvement," Di Maio said

Pointing to important projects on the way, he said Turkey and Italy want to level up their business alliance in sustainable energy.

"Italian companies are particularly active in the field of renewable energy," Anadolu Agency cited the minister as saying.

"There are important opportunities for entrepreneurs in the field of economic cooperation,” said Di Maio. "The development of bilateral cooperation is important for the growth of our economies," he added.