Türkiye, EU resume dialogue to increase economic cooperation

Today, the High-Level Economic Dialogue between Türkiye and the European Union has been resumed in Brussels after six years.

Commissioner for Economy and Productivity, Implementation and Simplification Valdis Dombrovskis and Commissioner for Enlargement Marta Kos met Türkiye's Minister of Treasury and Finance Mehmet Şimşek for a High-Level Economic Dialogue (HLED) between the European Union and Türkiye.

"The Türkiye-European Union High-Level Economic Dialogue meeting was held today in Brussels, after six years, in a very constructive atmosphere," Şimşek said on X.

"In the productive meetings with our EU counterparts, a consensus was reached on enhancing economic relations and increasing cooperation in all areas. Additionally, the modernization of the Customs Union and visa facilitation were discussed," - Turkish minister stated. 

Şimşek added that deepening of relations with international financial institutions based in Europe was also evaluated.

Discussions on strengthening competitiveness, improving Türkiye's investment climate and better coordination of the engagement of European and International Financial Institutions (IFIs) in the country—including a state of play of the Türkiye Investment Platform (TIP)—were also among the principal subjects.

Business-to-Business Dialogue took place as a part of the event, which provided an opportunity for the representatives of the European and Turkish business community and the IFIs involved in the TIP to meet. The meeting focused on exploring how the EU and Türkiye can enhance competitiveness and drive the green transition to strengthen economic, financial, and investment ties as well as on improving SMEs' access to long-term sustainable financing.

EU and Türkiye's representatives agreed to meet again next year in Türkiye to continue cooperation in critical economic areas while maintaining consistent, open and constructive communication on mutual challenges and opportunities.

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