As a result of Operation Peace Spring, Canada and several other Western countries imposed arms embargoes on Turkey. This was an important step, as Turkey took fourth place in Canada`s international arms trade in 2018, with sales of nearly $116 million, behind the United States, Saudi Arabia and Belgium. However, new applications for authorization for the export of military goods to Turkey would « probably be rejected, » according to the Canadian government. On the other hand, it was added in the communication to exporters that if exceptional circumstances, particularly with regard to NATO cooperation programmes, were justified, an authorisation could be granted and the authorizations issued before 11 October 2019 would remain valid. However, the Canadian government`s decision of April 16, 2020 to extend the ban on arms sales to Turkey until further notice was not welcomed in Ankara. « The protectionism policy is hurting the multilateral trading system and the world`s supply chains. That is why bilateral cooperation initiatives have become more important, » Batur added. For supply management to be effective, the turkey industry must be able to predict the amount of turkeys imported into Canada in advance of each year. Knowledge of the volume of imports allows industry to produce and market Canadian demand without avoiding surpluses, without producing more. A free trade agreement between Turkey and Canada should begin as soon as possible, Turkish Deputy Trade Minister Gonca Yilmaz Batur said Thursday.
A free trade agreement will contribute to the trade and economic relations of two countries and provide a solid basis for increasing exports and investment, she said at the 16th annual meeting of the Turkey-Canada Business Council organized by the Foreign Economic Relations Board of Turkey (DEIK) in Istanbul. Discover new ways to expand your international presence. Canada`s broad (and growing) commercial network provides Canadian businesses with preferential access to various markets around the world. This page examines Canada`s Free Trade Agreement (FTA), Foreign Investment Promotion and Protection Agreements (FIPA), multilateral agreements and World Trade Organization (WTO) agreements. Note: The texts of the treaty on this page are exclusively for information; the official texts of the treaties are published in the « Treaty of Canada » series. Relations between Canada and Turkey have generally been good since the two countries began diplomatic relations in the 1940s.