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Italy and Türkiye: a new milestone for trade

Graph showing trade between Italy and Türkiye

Ambitious goal: to reach $40 billion in trade within the medium term

A milestone successfully reached

During the last intergovernmental summit between Italy and Turkey, Prime Minister Giorgia Meloni proudly announced that the goal of reaching a trade exchange of 30 billion dollars has been exceeded five years ahead of schedule. This result not only highlights the solidity of economic relations between the two countries, but also represents a positive signal for Italian and Turkish companies, ready to seize new growth opportunities.

New goals for the future

Following this success, Meloni outlined a new goal: to increase trade to $40 billion in the medium term. This ambitious goal will require significant commitment from both sides, but the prime minister expressed confidence in the dynamism of the companies involved. “It requires a lot of work, but we can both count on the dynamism of our companies,” she said, emphasizing the importance of cooperation between the private sectors of the two countries.

Strengthening the partnership

The joint declaration adopted during the summit represents a fundamental step to further consolidate the partnership between Italy and Turkey. Meloni highlighted how this agreement lays the foundation for a future of closer collaboration, not only in the commercial field, but also in other strategic sectors. The willingness of both nations to work together to achieve common goals is a strong signal in an ever-changing international context.

Implications for Business

Italian and Turkish companies can expect an increase in investment and trade opportunities. With the target of $40 billion, exports and imports are expected to increase significantly, creating a favorable environment for businesses from both countries. Supportive policies and joint initiatives will be crucial to facilitate this process and ensure that companies can take full advantage of these new opportunities.