Türkiye and Syria sign protocol at JETCO meeting to enhance economic ties, trade, and regional development, targeting $10 billion in trade volume, along with plans for industrial zones and cooperation in key sectors.
Turkish Trade Minister Omer Bolat announced that the protocol established between Türkiye and Syria , resulting from the Joint Economic and Trade Committee ( JETCO ) meeting, will serve as a comprehensive blueprint for economic integration, regional development , and the ongoing reconstruction efforts. Following a period of focused bilateral discussions, Turkish and Syria n officials convened for the inaugural meeting of the Türkiye - Syria JETCO on Tuesday in Istanbul.
In a statement following the gathering, Minister Bolat emphasized the historical significance of the moment, highlighting a transformative shift in the economic and trade relationship between the two nations. The first session of JETCO, which was formally signed in Ankara on August 5, 2025, was deemed a success, built upon a foundation of mutual trust and understanding. Minister Bolat affirmed that both parties solidified their commitment to achieving a balanced and sustainable bilateral trade volume, benefiting both countries. The discussions encompassed comprehensive solutions and mechanisms designed to elevate bilateral trade, which reached $3.7 billion last year, initially targeting $5 billion and subsequently aspiring to achieve a $10 billion target. The strategy involved deepening collaboration, especially in crucial sectors such as textiles, agriculture, food processing, and machinery. Also, the two countries agreed to share information about regulatory frameworks to ensure predictability in agricultural trade. Furthermore, Minister Bolat shared that they were pleased to bring together leading businesses and investors from both nations at the Türkiye-Syria Business and Investment Forum, which was held alongside the meeting, to drive further collaborations and growth.\Touching upon the recent global challenges and conflicts, Minister Bolat underscored the critical importance of ensuring uninterrupted foreign trade through various alternative methods. Mohammad Nidal al-Shaar, the Syrian economy and industry minister, conveyed that Syria had begun building a strong foundation and establishing a collaborative approach with Türkiye, highlighting the ongoing cooperation across economic, cultural, services, and social spheres. Minister al-Shaar recognized the unique relationship between Türkiye and Syria, emphasizing that both countries were presented with a valuable chance to expand and develop it with many serious projects already in the pipeline. Rather than just focusing on economic cooperation, he mentioned that there is a significant opportunity for expansion, and both countries have started moving forward. Minister al-Shaar underscored that the work on the industrial zone planned for Aleppo continues to be a priority for industrialists. He anticipated that this initiative would positively influence other projects and improve the business climate. During the JETCO meeting, the two countries also formalized a cooperation agreement that covered product safety, inspections, technical regulations, standardization, conformity, and metrology.\The discussions during the JETCO meeting reflect a commitment to strengthening economic ties and fostering development. The commitment to increase trade volume, coupled with sector-specific collaborations in areas like textiles, agriculture, and machinery, suggests a desire to leverage each other's strengths and expand markets. The sharing of regulatory information demonstrates a commitment to transparency and predictability, which is crucial for fostering investor confidence and promoting long-term economic stability. The inclusion of the business and investment forum demonstrates a forward-thinking approach, intending to stimulate private sector participation and drive further growth. The focus on regional development and reconstruction underlines the countries' commitment to a prosperous and stable future. The emphasis on alternative trade methods suggests a realistic assessment of the complexities of the current global landscape and a proactive approach to mitigating potential disruptions. The signed agreement in the areas of product safety, inspection, and technical regulations signifies a commitment to ensuring product quality and consumer safety, laying a solid foundation for sustainable trade relations. The JETCO meetings have presented an opportunity to set the stage for further economic integration and overall regional stability, and the joint effort by both the countries shows a great level of dedication towards achieving it. Furthermore, the goal to increase the trade volume will support and elevate the economy of both nations and facilitate future collaborations
Türkiye Syria JETCO Trade Economic Integration Reconstruction Bilateral Trade Regional Development
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The war’s economic impact could get worse for AmericansIran’s closure of the Strait of Hormuz is disrupting economic activity across Asia and Europe. The U.S. may escape the worst effects, but it will not emerge unscathed.
Read more »
Political Firestorm Erupts: Trump's Remarks Spark Controversy, Economic Concerns MountA confluence of events, including controversial statements from President Trump and rising economic anxieties, has created a period of significant political and social upheaval. This report examines the economic pressures faced by working Americans, the fallout from Trump's inflammatory rhetoric, and the political reactions it has provoked.
Read more »
Pair of Democrat lawmakers slam 'blockade of fuel' to Cuba, 'economic bombing' after visit to islandFox News Channel offers its audiences in-depth news reporting, along with opinion and analysis encompassing the principles of free people, free markets and diversity of thought, as an alternative to the left-of-center offerings of the news marketplace.
Read more »
High-Tax States Face Economic Crisis as Wealthy Residents FleeA coordinated wave of tax increases in several states is driving high-income earners and businesses to relocate, sparking concerns about economic instability and the sustainability of current revenue models. The article details how states like California, Washington, and Michigan are implementing or considering new taxes, including asset taxes and high income tax brackets, which are prompting a migration of wealth and talent to states with more favorable tax environments.
Read more »
Syria’s Jihadi President Gives Ukraine’s Zelensky Red Carpet Treatment in DamascusSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Türkiye launches transit trade with Saudi Arabia amid Strait of Hormuz crisisTurkish Trade Minister Omer Bolat announces that products unable to pass through the strategic waterway are being redirected through alternative logistics channels.
Read more »