Ömer Bolat, Turkey's Trade Minister, met with Italian business leaders and Antonio Tajani, the Deputy Prime Minister of Italy, to discuss strengthening the economic and trade relations between the two countries in Rome. This meeting aimed to enhance economic and production cooperation between Turkey and Italy and increase the level of trade exchanges.
Focus on Integrated Supply Chains
Bolat announced on the social network NSosyal that this gathering focused on integrated supply chains in key sectors including automotive, aerospace, defense, energy, logistics, manufacturing, textiles, and machinery. He emphasized the importance of maintaining strong production networks as a factor for the competitiveness of Turkey and Europe.
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Bilateral Investments
Italy's foreign direct investment in Turkey has reached $4 billion across 1,645 companies, while Turkish investments in Italy have exceeded $1 billion. These figures indicate the growth and advancement of economic relations between the two countries.
Bolat also referred to Turkey's role in the European Customs Union and emphasized that maintaining these relations could help increase production efficiency in both countries. He stated that under the leadership of President Recep Tayyip Erdoğan, the two historical strategic partners will continue their complementary economic cooperation.
This meeting comes at a time when both countries are seeking to strengthen their trade and economic relations. Italy, as one of Turkey's largest trading partners in Europe, has always sought to expand economic and trade cooperation with that country.
Future Outlook for Economic Relations
Given the growing trend of investments and economic cooperation between Turkey and Italy, the two countries are likely to witness an increase in trade exchanges and joint investments in the near future. This development of relations could benefit both countries and lead to economic growth and the creation of more job opportunities.
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