Istanbul:Türkiye and Canada have formalized a new agreement to enhance export credit cooperation and facilitate joint projects in third-country markets. The announcement came from Turkish Trade Minister Omer Bolat.

According to Anadolu Agency – English, the memorandum of understanding was signed between Turk Eximbank and Export Development Canada (EDC) following a meeting between Minister Bolat and Canadian Foreign Minister Anita Anand in Istanbul.

The agreement is designed to bolster Turkish and Canadian companies in developing joint projects, with a focus on regions such as Africa, the Middle East and North Africa, and Central Asia. The discussions also included expanding bilateral trade and economic relations, and negotiations on a Türkiye-Canada free trade agreement. Bolat expressed optimism about initiating the first round of free trade negotiations in the week starting November 30, 2026.

Minister Bolat emphasized the commitment to continue efforts to deepen trade and economic ties between the two nations, aspiring to create new opportunities for businesses in both countries.