Turkey's Foreign Economic Relations Board

BELGRADE - Chamber of Commerce and Industry of Serbia (PKS) President Marko Cadez said on Friday a Serbia-Turkey business forum in Belgrade was attended by a record-high 177 Serbian and 120 Turkish companies from all sectors, including the food industry and the construction, tourism and IT sectors.

Over the next few years, trade between Turkey and Nigeria will rise "dramatically" from its current level of $2 billion, according to Nigeria's top trade official.

Montenegro believes Turkey has the potential to be among the top five investors in the country, its economic development minister said recently.

Jakov Milatovic said he believes economic links between Turkey and Montenegro can become even stronger.

Turkish President Recep Tayyip Erdoğan arrived on Oct. 17 in Angola's capital Luanda, the first leg of his mini-tour of three African countries, also including Nigeria and Togo.

Erdoğan was welcomed by Angola's Foreign Minister Tete Antonio and Alp Ay, Turkey's ambassador to the Southern African nation, at Quatro de Fevereiro International Airport.

Despite the coronavirus pandemic, the trade volume between Turkey and Uzbekistan increased 93% in the first five months of 2021 compared to the same period last year and reached $1.5 billion, the Turkish vice president said June 28.

Members of Turkey's business community hailed the country's economic performance based on its gross domestic product (GDP) growth rate last year according to data released on March 1 by the country's statistical authority. 

Turkey's economy expanded 1.8% year-on-year in 2020 despite the economic fallout from the coronavirus pandemic, said the Turkish Statistical Institute (TÜİK).

Turkey's Foreign Economic Relations Board (DEİK) on Feb. 22 hosted an agri-focused virtual business forum with New Zealand.

With climate change and rising food demand in view, speakers focused on the use of technology and joint collaborations to increase bilateral trade.

The landmark free trade agreement signed between Turkey and the U.K. has shown that the European Union Customs Union falls behind on many fronts, a top Turkish official said on Jan. 6. 

The deal between Ankara and London signed last week could be a model for updating the customs union, said Nail Olpak, the head of Turkey's Foreign Economic Relations Board, at a virtual meeting.

Trade volume between Turkey and India has posted a steady growth for the last two years, a business council head has said.

Turkish industrial goods exports to China have rallied as Chinese factories resume production and businesses reopen after shutdown amid the coronavirus outbreak.

"After the Chinese economy reopened gradually, acceleration started in firms exporting to China," said Murat Kolbaşı, the chairman of the Asia-Pacific Business Council of Turkey's Foreign Economic Relations Board (DEİK).