Tuesday, July 16 2019

May 8, 2019

India-Turkey trade target to reach USD 10 billion by 2020

Mr Sedat Onal, Deputy Minister of Foreign Affairs of Turkey is visiting India . The visit of Deputy Foreign Minister Onal is part of the regular exchange between the two countries. The Deputy Foreign Minister had earlier visited India as part of the delegation of President Erdogan in May 2017.

India and Turkey enjoy close, friendly and deep rooted ties dating back to several centuries and share civilizational links. The recent political exchanges have imparted fresh momentum to our bilateral ties and opened several new avenues for cooperation.

During the visit, Deputy Foreign Minister Onal had a meeting with Mr Gitesh A Sarma, Secretary(West), in New Delhi on 08 May 2019 under the institutional mechanism of Foreign Office Consultations.Deputy Foreign Minister Onal and Secretary (West) held cordial discussions on various aspects of bilateral ties including examining opportunities for enhancing trade and investment relations. Currently, the bilateral trade stands at around USD 8.6 billion with a target to reach USD 10 billion by 2020. Other aspects such as enhanced cultural interaction, tourism, people-to-people contacts were also discussed. The two sides reviewed current situation in their respective regions and also exchanged views on several multilateral issues.