Turkey-Brazil target $10 bln in trade volume

Relations between Turkey and Brazil, stagnant since their beginning in the 1850s, are now being described as “phenomenal” because of the significant progress made in recent years.

Ersin Erçin, posted to Brazil as ambassador in 2009, says he felt a special sense of mission and set out to make a swift improvement in relations with the giant country as they had been neglected for far too long. Furthermore, when Mustafa Kapucu was assigned as consul general in Sao Paulo in 2010, the relations that grew in the political arena extended to the commercial and cultural spheres as well.

South Korea discovered Brazil a lot earlier than we did and did not consider geographical distance a hindrance. Now, it has reached a trade volume that is above $25 billion. It built factories and signed contracts here. Comparatively, Turkey has just entered Brazil. Turkey and Brazil signed more than 10 mutual agreements. We are targeting our total trade volume to initially reach $10 billion. Both countries also signed agreement on Mutual Administrative Assistance in Custom Matters. Turkey ratified this agreement and we expect the Brazilian assembly to do the same this year.

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