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Denmark aims at €5 billion trade volume with Turkey

Christian Fernsby |
Denmark and Turkey set an ambitious goal for economic development and cooperation to reach €5 billion in bilateral trade and green energy is one of the hot sectors helping to achieve it, the Danish ambassador in Ankara said on Tuesday.

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In an exclusive interview with Anadolu Agency, Danish Ambassador to Turkey Danny Annan said the priority in bilateral trade will focus mainly on the green energy, energy efficiency technologies, pharmaceutical sectors, textile, district heating, cooling and waste water management.

The green energy sector has actually developed recent years, the ambassador stated and explained that the green transition energy sector in Denmark has created four times faster jobs then in the private sector.

Despite its small size, Denmark can be called a "super power" in wind energy and in other renewable energy technologies, innovation and installation, the ambassador said and added that many Danish companies in green sectors are eager to invest in Turkey.

Since the start of the COVID-19 pandemic in early 2020, huge drop in global energy demand and investments caused more disruption than any other event in recent history, he said.

Annan stated that there was an ambitious goal to increase trade volume between Denmark and Turkey from €2 billion to €5 billion before the pandemic, however the pandemic forced a drop in Danish exports to Turkey around 12.5% as Turkish exports to Denmark dropped 2%.

He maintained that further interaction after COVID-19 era with Danish and Turkish trading players will boost trade from around €2 billion recent years to up to €5 billion.

"Forget about the pandemic, it is in the past now!" he said and explained that surprisingly between January-July period this year, Danish exports to Turkey jumped 40% while Turkish exports to Denmark rose 30% despite the pandemic.

"We are moving ahead, we are developing the trade and it is going very fast in Turkey," he added.


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