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Turkey, France Meet in Istanbul to Strengthen Economic Ties

(MENAFN) The Joint Economic and Trade Cooperation (JETCO) meeting between Türkiye and France took place on Tuesday in Istanbul, with participation from French Minister Delegate for Foreign Trade and Economic Attractiveness Nicolas Forissier and Turkish Trade Minister Omer Bolat.

Hosted by the Foreign Economic Relations Board (DEIK), the meeting focused on creating a roadmap to further strengthen economic and trade cooperation between the two countries.

During the discussions, Bolat highlighted that bilateral trade has grown significantly, rising from $14 billion five years ago to $24.1 billion in 2025. Mutual investments have also surged, with Turkish companies investing $1 billion in France and French firms investing $8.7 billion in Türkiye. He noted, "1,749 French companies have significant investments in Türkiye in industry, energy, services, transportation, and aviation."

Bolat emphasized the strong integration and value chain between the two nations in industry, manufacturing, and the broader economy, which continues to expand annually. He added that of the $8.7 billion in French investments, $4 billion was made in the past four years, and French companies are currently discussing $5 billion in new projects and investments over the next three years.

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