Turkey, Singapore aim for $2 billion trade volume
A free-trade agreement between Turkey and Singapore will come into force by October 1, Zeybekci said in a speech to the Turkey-Singapore Business Forum.
"We started to talk on the broadest and most-comprehensive free-trade agreement in Turkey's history with Singapore, and finalized it in 2015.
"Singapore is the first country I came to as a minister and the Singapore-Turkey free-trade agreement became the first free-trade agreement which I started and finalized as a minister," he added.
Zeybekci said the deal would be significant for free production, sales, service investments, public procurement and in other industrial fields.
Turkey's export value to Singapore last year totaled nearly $418 million while imports from the Asian country were worth $363 million in the same period, according to the Turkish Statistical Institute.
Turkey's exports to Singapore saw an upward trend in the first half of 2017, reaching $434 million while imports were worth $177.5 million in the first six months of this year. ■