Ruhsar Pekcan

Free trade deal to usher in new era in Turkey-UK ties, Ankara says

The landmark Turkey-U.K. free trade agreement set to be signed on Dec. 29 will usher a new era in bilateral economic and trade ties starting Jan. 1, Turkey's trade minister said on Dec. 28. 

"This new era in our relations will be mutually beneficial for both Turkey and the U.K.," Ruhsar Pekcan tweeted.

Turkey, Italy eyeing $30 bln trade volume

Turkey and Italy are aiming to reach a bilateral trade volume of $30 billion from the current $20 billion, the Turkish trade minister said on Dec. 10.

Italy is an important trader partner serving as the third-largest export destination for Turkish goods and is the fourth-largest importer for the country, said Ruhsar Pekcan at the Joint Economic and Trade Committee (JETCO) meeting.

Turkey, Libya ink deal to enhance trade, economic ties

Turkey and Libya signed a memorandum of understanding (MoU) to boost trade and economic ties, the Turkish trade minister said on Aug. 13. 

The deal will lay the groundwork for resolving ongoing issues between Turkish firms and Libyan employers, setting new investments and undertaking new projects, Ruhsar Pekcan said at a meeting held in Turkey's capital Ankara.

Turkey launches new free-trade zone specializing in R&D

Turkey has launched a new free-trade zone specializing in R&D, high technology, and high added-value activities, the nation's trade minister said on June 9.

The Trade Ministry will provide incentives for companies that take part in the zone such as tax exemptions, breaks on rent, and qualified employment support, Ruhsar Pekcan stressed.