'Turkiye, Colombia have potential for $5B trade volume'
Year-on-year trade volume up by 100% in 2021, hitting $2 billion, says Turkish foreign minister
ANKARA
The trade volume between Turkiye and Colombia rose significantly last year to $2 billion and the two countries still have a much greater commercial potential to explore, a top Turkish official said on Friday.
"Colombia is our second biggest trade partner in the region, our trade volume of $1 billion doubled in 2021," Foreign Minister Mevlut Cavusoglu said at a press conference in the capital Ankara with Colombian Vice President and Foreign Minister Marta Lucia Ramirez.
"We have the potential to boost it (trade volume) to $5 billion," Cavusoglu said, noting that Ankara encouraged Turkish businesses to invest in the South American country.
Both Turkiye and Colombia host millions of refugees as a result of developments in their neighbors, respectively Syria and Venezuela, and both are looking for ways to cooperate and draw international attention to the issue of refugees, he added.
Cavusoglu said that in their meeting earlier in the day, he and Ramirez exchanged views on what actions could be taken with the international community to ensure the voluntary and safe return of refugees, along with burden-sharing, adding that the two countries would take steps to draw international attention to the matter once again.
They also discussed cooperation in the defense industry, Cavusoglu said, noting that Turkish firms were coming up with offers to meet the needs of Colombian armed forces.
Colombia has a special place for Turkiye, according to the Turkish minister, who said leading Turkish organizations such as Anadolu Agency, Turkish Airlines, and the Turkish Cooperation and Coordination Agency (TIKA), have offices in the country's capital Bogota.
