Türkiye and Germany have signed a new economic cooperation protocol and reaffirmed their ambition to raise bilateral trade to $60 billion, underscoring the strength of one of Europe’s most significant economic partnerships.
The agreement was reached during the sixth meeting of the Türkiye-Germany Joint Economic and Trade Committee (JETCO) on Thursday in Ankara, attended by Turkish Trade Minister Omer Bolat and German Economy and Energy Minister Katherina Reiche.
The ministers also met with business representatives from both countries to discuss opportunities for expanding economic cooperation across a range of sectors.
Bolat said the talks covered trade, investment, industrial cooperation, energy transition, green and digital transformation, transportation, connectivity and joint projects in third countries.
“The meeting once again demonstrated that our economic partnership is built on deep-rooted ties, mutual trust and shared interests,” he said.
Bilateral trade currently exceeds $52 billion, with Germany remaining Türkiye’s largest export market, third-largest source of imports and one of its leading foreign investors.
Related
Trade, investment and mobility in focus
Bolat said the newly signed protocol records progress achieved so far and provides a roadmap for future cooperation.
According to the Turkish minister, Turkish companies have invested nearly $3 billion in Germany, while German investors operate around 8,600 companies in Türkiye and hold direct investments worth $26.5 billion.
