India and Turkiye bilateral trade exceeds $10 billion

India and Turkey held the 11th round of Foreign Office Consultations in Ankara and observed bilateral trade exceeding US$ 10 billion in 2021-2022.

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Ankara/New Delhi, June 11: India and Turkiye held the 11th round of Foreign Office Consultations
in Ankara during which both sides appreciated that commercial ties were on an upward trajectory with bilateral trade exceeding US$ 10 billion in 2021-2022.

The FoC were held on June 10 in Ankara. They were co-chaired by Sanjay Verma, Secretary (West) and Sedat Önal, Deputy Minister of Foreign Affairs of the Republic of Türkiye. The last round of FoC was held in New Delhi in May 2019.

During the consultations, both sides undertook a comprehensive review of bilateral relations. Both sides appreciated that bilateral trade exceeded US$ 10 billion in 2021-2022.

Indian companies are present in Türkiye’s automobile, pharma and IT sectors. While, Türkiye’s companies were seeing opportunities in India’s infrastructure and engineering sectors.

Both sides agreed to further economic, cultural and people to people relations, an official statement said.
The two sides also exchanged views on regional and global issues, including Ukraine and the Indo-Pacific. They also agreed to commemorate 75 years of bilateral diplomatic relations in a befitting manner.

The talks were held in a spirit of understanding and frankness. Both sides agreed to hold the next round of consultations in India on mutually convenient dates next year.