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Turkey: Trade with India will reach $10bn by 2020

Turkish Foreign Minister Mevlut Cavusoglu (C-L) meets with Indian Minister of State for External Affairs, Vijay Kumar Singh (C-R) as part of the 51st ASEAN Foreign Ministers Meeting in Singapore on 3 August 2018 [Cem Özdel/Anadolu Agency]
Turkish Foreign Minister Mevlut Cavusoglu (C-L) meets with Indian Minister of State for External Affairs, Vijay Kumar Singh (C-R) as part of the 51st ASEAN Foreign Ministers Meeting in Singapore on 3 August 2018 [Cem Özdel/Anadolu Agency]

Trade volumes between India and Turkey will reach $10 billion by 2020, Turkish Foreign Minister Mevlut Cavusoglu said on Twitter.

The announcement came after the minister met with his Indian counterpart Vijay Kumar Singh in Singapore on the sidelines of the 51st ASEAN Foreign Ministers’ Meeting today.

“Investment and trade between #Turkey & #India are increasing. We will work together to increase bilateral trade volume to 10 billion USD from last year’s 6.9 billion USD.”

Read: Turkey’s election promises fail to tackle the economy

Diplomatic sources told the Anadolu Agency that Cavusoglu also met the foreign ministers of Australia, New Zealand, Malaysia and Thailand.

The Association of South-East Asian Nations (ASEAN) meeting is attended by the foreign ministers of 30 ASEAN member countries and their partners.

The gathering aims to accelerate economic growth in Southeast Asia and establish a free trade area among member states.

This year’s gatherings is being hosted by Singapore and comes to a close tomorrow.

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