Turkey is building a new generation of comprehensive free trade agreements (FTAs) to lift exports, strengthen the competitiveness of the industry and attract foreign capital, according to the Turkish Trade Minister Mehmet Muş. “Comprehensive FTA negotiations are currently ongoing with Japan, Thailand and Indonesia in the Asia-Pacific region, ”Mehmet Muş told a closing session ofthe 34th Foreign Economic Relations Board (DEIK) Ordinary Financial General Assembly.
These agreements will include services, investments and public procurement, Muş said. “While negotiations with Georgia and Moldova continue to expand the scope of FTAs, we continue negotiations with Ukraine, making efforts to reach a result,” the minister added. On the other hand, he added, in Latin America, opportunities for pacts with Peru, Ecuador, Colombia and Mexico have been continuing. The government has also ramped up efforts to further develop cooperation with the U.S. and China Muş said the government has been preparing a strategy to increase exports to faraway countries, “in order to bring the geographies we call distant closer and to evaluate the commercial and economic potential of these geographies.”