BREAKING,
On trade, investment and innovation, leaders will work toward conclusion of a Canada-Turkiye Free Trade Agreement.
Canadian Prime Minister Mark Carney and Turkish President Recep Tayyip Erdogan have announced the launch of a Canada-Turkiye Strategic Partnership, backed by a three-year action plan.
“In an increasingly complex global security environment, rising geopolitical uncertainties, and evolving humanitarian challenges, a strong and resilient Canada-Turkiye partnership is essential, providing a foundation to mitigate shared threats and capitalise on new opportunities,” said a statement by the two leaders on Thursday.
This comes as Carney is on a two-day visit to Turkiye, seeking to forge a new partnership as Canada looks to reduce its dependence on the United States.
The partnership rests on four pillars: trade and investment; defence and security; energy; and ties between people, the statement said.
On trade, investment and innovation, the two leaders agreed to “work toward successful conclusion of a Canada-Turkiye Free Trade Agreement”, it said.
They will also expand bilateral trade and investments in priority sectors including energy supply, defence production, aerospace, and Artificial Intelligence (AI).
Canadian and Turkish leaders will convene next month in Ankara for the first round of trade talks.
Carney is on the first bilateral visit by a Canadian prime minister to Turkiye, although he traveled to Ankara in July to attend the NATO summit.
He was scheduled to meet with Erdogan and other officials before travelling to Istanbul for talks with Turkish business groups as the two countries seek to deepen trade ties.
The Canadian prime minister has sought to diversify partnerships and reduce reliance on the US amid an escalating trade war with President Donald Trump, marked by US tariffs on Canadian goods, retaliatory measures by Canada and statements questioning Canadian sovereignty.
More to come…