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Canada, Turkey To Set Up Trade Committee

by Mike Godfrey, Tax-News.com, Washington

29 August 2013


Canada and Turkey are to set up a joint economic and trade committee as part of a broader agenda for strengthening their trade and investment relationship.

Canada's International Trade Minister Ed Fast made the announcement following a meeting with the Turkish Minister of Economy Zafer Çaglayan.

The two ministers also discussed the future of exploratory talks on an ambitious and comprehensive free trade agreement. They expressed their support for bringing the negotiations to a successful conclusion.

"From transportation to mining, education to infrastructure, Canada can offer a lot to our Turkish partners. These are promising areas of increased partnership between our industries, and of increased jobs and growth for both our countries," Fast said.

Bilateral merchandise trade totaled a record CAD2.3bn (USD2.2bn) in 2012, up 49.7 percent on 2010. Canadian investments in Turkey stood at about AUD1.5bn in 2012.

TAGS: tax | free trade agreement (FTA) | export duty | trade treaty | agreements | education | Canada | import duty | trade | Turkey | Economy

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