Türkiye welcome increase in its exports to Japan, but structural imbalance in trade still important issue, says Omer Bolat
A Türkiye-Japan economic partnership agreement seeking to reduce the imbalance in bilateral trade is still under negotiation, the Turkish trade minister said on Thursday.
Attending a Türkiye-Japan CEO Round Table Meeting in the capital Tokyo, he said: "We believe that the agreement will be a strategic tool for diversifying and balancing trade, increasing investments, and establishing a true 'win-win' partnership."
"As we approach the final stages of negotiations, we are confident that we will find common ground that respects the sensitivities of both sides and paves the way for new opportunities," he added.
He said Türkiye has proven itself as a “regional center” in production and logistics with access to markets such as Europe, Asia, and Africa, adding that the two countries' trade volume last year reached $5.4 billion.
Türkiye welcomed the 11.4% increase in Türkiye's exports to Japan last year, Bolat said, but added that the structural imbalance in trade is still an important problem.
The countries are determined to eliminate this imbalance and create a more sustainable trade structure, Bolat stressed.
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