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Bolat announces goal of raising trade with Saudi Arabia to $10 billion
Trade Minister Ömer Bolat announced in Milwaukee, alongside Saudi Arabia’s Trade Minister Majid Al-Kassabi, the goal of increasing trade between the two countries to $10 billion in the short term. Türkiye-Saudi Arabia trade reached $8.6 billion in 2025 and $6 billion in the first eight months of 2026.
Trade Minister Ömer Bolat met with his Saudi counterpart, Majid Al-Kassabi, in Milwaukee, United States, with the aim of developing economic relations between Türkiye and Saudi Arabia. The meeting was held on the sidelines of the G20 trade ministers’ meeting.
The two ministers assessed opportunities and shared objectives that could increase trade. They also expressed satisfaction with the progress made in negotiations for a free trade agreement between Türkiye and the Gulf Cooperation Council.
Short-term target is $10 billion
The meeting addressed steps that could be taken to deepen bilateral and regional trade relations, as well as opportunities in contracting services, the halal sector and transit trade.
Bolat said efforts would continue to increase trade with Saudi Arabia to $10 billion in the short term and $30 billion in the long term.
Trade between Türkiye and Saudi Arabia amounted to $8.6 billion in 2025. It reached $6 billion in the first eight months of 2026.
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