Sourced fact
The News
Turkish Trade Minister Ömer Çelik discussed the development of trade relations with the United States, Canada, Saudi Arabia, and the European Union on the sidelines of the G20 Trade Ministers' meetings in Milwaukee, Wisconsin. On the Turkish social media platform NSosyal, Çelik stated that he discussed with US Trade Representative David Luchsinger the removal of trade barriers and increasing mutual investments to achieve a common trade goal of $50 billion by the end of 2028. According to Çelik, the value of trade between the two countries was approximately $42 billion and $43 billion in 2026.
Regarding Saudi Arabia, Çelik discussed with Saudi Trade Minister Majid Al-Qassab increasing bilateral trade to $10 billion in the short term and $30 billion in the long term. Bilateral trade between the two countries was worth $8.6 billion in 2025 and $6 billion in the first eight months of 2026. Çelik also discussed with Canadian Minister of International Trade and Export Promotion Mélanie Joly the development of bilateral trade relations valued at approximately $4.5 billion, as well as opportunities for cooperation in energy, defense, green economy, and digital transformation.
Analysis & context
Analysis & Context
Analytically, these discussions point to the increasing importance of trade cooperation between Türkiye and G20 countries. Türkiye is seeking to enhance its trade relations with the United States, Canada, Saudi Arabia, and the European Union, reflecting its desire to expand its global economic influence. This cooperation also reflects the current challenges in global trade relations, as Türkiye seeks to overcome obstacles and boost mutual investments.
In a broader context, Türkiye is playing an increasingly significant role in global politics and economics, striving to strengthen its trade ties with key partners. This trade cooperation contributes to global economic stability and supports Türkiye's efforts to enhance its status as a major player in the global economy.
