The president of CEOE Internacional, Marta Blanco, participated on Thursday, July 23, in the Turkey-Spain Business Meeting held within the framework of the first meeting of the Joint Economic and Commercial Commission between Spain and Turkey (JETCO).

This virtual meeting has been organized by the Secretary of State for Commerce / ICEX, the Spanish Chamber of Commerce and the Spanish Confederation of Business Organizations (CEOE), in collaboration with the Turkish Ministry of Commerce and the Foreign Economic Relations Board (DEIK ).

The objective of the meeting was to relaunch bilateral economic relations in terms of trade and investment between the two countries after the pandemic, making special mention of the existing business opportunities and the infrastructure and transport sectors.

The Minister of Industry, Commerce and Tourism, Reyes Maroto, highlighted the good relations between the Turkish and Spanish executives. Six High Level Meetings (RAN) have been held between the two countries; Minister González Laya will visit Turkey next week; Turkey has supported Spain in the health crisis and in recent months they have met on multiple occasions.

Likewise, Maroto pointed out that Spanish companies should take advantage of the development plans announced by Turkey until 2023, further delving into the existing business cooperation relationship. On the other hand, he stressed that Spain is an open and competitive country that also has great business opportunities for Turkish companies, which can benefit from the favorable business climate that our country offers and its access to the market in Latin America and Africa.

The Secretary of State for Trade, Xiana Méndez, opened the meeting highlighting that Turkey and Spain have excellent political and economic relations, as evidenced by the memorandum of understanding signed in the Mixed Economic and Commercial Commission.

However, due to the pandemic, bilateral investment and exchange values ​​have declined. For this reason, it considered that it is necessary to increase cooperation between the Turkish and Spanish administrations and companies and to promote new joint actions.

Turkey is a preferred partner for Spain, considered as one of the PASE countries, thanks to its open, industrialized and dynamic economy.

For his part, the international director of the Spanish Chamber of Commerce, Jaime Montalvo, stressed that the internationalization of small and medium-sized companies should not be neglected in these initiatives.

The president of CEOE Internacional, Marta Blanco, stressed the importance of our companies cooperating more closely from the momentum offered by public-private collaboration. In this sense, he pointed out that an institutional and business commitment to internationalization and the search for business opportunities in this economic recovery is essential. He also noted that the signed agreements could not be carried out without business participation.

In her speech, the director of Trade and Investments of the Ministry of Industry, Trade and Tourism, Mª Paz Ramos, emphasized the numerous and great opportunities for collaboration existing in multiple sectors such as infrastructure, rail, logistics and transport, textiles, automotive, tourism, finance, environment and energy.

SEOPAN President Julián Núñez highlighted that multiple Spanish companies that are leaders in these sectors must take advantage of the opportunities offered by the country. In this way, he pointed out that they can contribute to Turkey their wide experience, great training and high internationalization.

The president of MAFEX, Víctor Ruiz, indicated for his part that one should not fall into the error of protectionism in the cooperation between Spain and Turkey, since it only weakens our industries.

For their part, the Turkish speakers highlighted the following issues:

The Deputy Minister of Commerce, Gonca Yılmaz Batur, demanded the continuation of the celebration of this type of business meetings to generate trust and strengthen ties between both countries.

The president of the Hispano-Turkish Business Council, Zeynel Abidin Erdem, valued the Hispano-Turkish initiative of the 'Alliance of Civilizations', which constitutes an important element in our bilateral relations.

Yasemen Korukcu, Counselor at the Turkish Investment Office, highlighted that Turkey has significantly improved its legislation and resource planning to attract more foreign investment by putting in place incentive mechanisms. Together, it has launched an important program to modernize its infrastructure.

The President of the Turkish Contractors Association, Mithat Yenigün, noted that our countries represent gateways to certain markets where business can be done through business collaboration. Spanish companies can access markets in Asia, the Middle East and Africa through Turkey.

The representatives of the railway and transport sector in Turkey, Halit Yücel and Onur Küçükakdere, highlighted the importance of cooperation with Spanish companies in the railway sector as solution providers given their experience and qualification.

In this sense, the president of DEİK, Nail Olpak, agreed with Mithat Yenigün that joint projects and investments should be undertaken in third countries.

Turkish Trade Minister Ruhsar Pekcan showed the need to renew Turkey's Customs Union Agreement with the European Union to further increase trade between the two countries. Other factors such as expanding logistics and transport infrastructures and increasing the business fabric of the value chain related to our trade are also important, in his opinion. Likewise, she pointed out that women must play a key role in our economies and their recovery, as evidenced in the round table that preceded the meeting.

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