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|Trade Between Turkey and Canada
It is obvious from statements below, that the trade between the two countries have DOUBLED in four years (2004-2008), reaching a whopping $1.9 billion since the passing of the Genocide Resolution (Nov. 09 update).
In the future, any country that wishes to pass similar resolutions need only look at the below Canadian-Turkish trade statistics.
Canada has a relatively strong commercial relationship with Turkey — the world's 17th largest economy, a G-20 member, and the third most populous nation in Europe (71.9 million) after Germany and Russia. Given its strategic geographic location and negotiated trade agreements, Turkey offers excellent access to markets in Europe (including preferential Customs Union access to the European Union), the Caucasus, Central Asia, and the Middle East.
Canada-Turkey bilateral merchandise trade has almost doubled in the last five years, reaching $1.9 billion in 2008. Canadian exports to Turkey reached $1.2 billion in 2008, with a product mix ranging from commodities to advanced technology goods. These included approximately $330 million worth of agricultural goods. Turkey is Canada's 22nd largest merchandise export market and the 45th largest source of merchandise imports.
In recent years, Turkey has been one of the top global destinations for Foreign Direct Investment (FDI). Many Canadian companies have recognized the great investment potential Turkey offers. Canadian investments in Turkey stood at about $1.1 billion in 2009 and Export Development Canada has identified the country as a strategic market of opportunity for Canadian firms.
Niche opportunities exist for Canadian investors, particularly in the energy, information and communication technologies, mining, environment, and agriculture/agri-food sectors. Commercial opportunities in Turkey match Canadian supply capabilities.