Free Trade Agreement between Turkey and Singapore to be Implemented The Turkish Economy Minister said that Turkey and Singapore want to increase their trade volume to $ 2 billion by the end of 2018. Speaking at the Turkey-Singapore Trade Summit, Nihat Zebkuçi said that the free trade agreemen between Turke and Singapore will be implemented until October 1st.
“We started our negotiations on the most comprehensive and comprehensive free trade agreement in the history of Turkey with Singapore and finalized it in 2015,” he said. Singapore is the first country I have visited as a minister, and the free trade agreement between Turke and Singapore is the first free trade agreement I have started and finalized as a minister. , Public procurement and other industrial fields will be established between the two countries.
According to the Turkish Statistics Institute, the value of Turkish exports to Singapore reached $ 418 million last year. Turkey’s imports from Southeast Asia totaled $ 363 million.
Singapore’s Minister of Industry and Trade Iswaran also said that the free trade agreement is an important step in strengthening relations between the two countries and enabling companies to make new investments. He added that Turkey and Singapore work in the fields of infrastructure, health systems, and e-commerce. Will accelerate.