EU and Turkiye held their High-Level Economic Dialogue in Istanbul recently, reviewing economic policy, outlook and cooperation.
Turkiye told the EU it has submitted interest to join SEPA, with potential to make cross-border payments faster, safer and lower-cost.
Business groups and financial institutions discussed obstacles, investment links and strategic sectors.
The parties reviewed economic policy developments and outlook, including Turkiye’s steps on price stability, financial stability and productivity, and the EU’s work on competitiveness, EU and Turkiye said in a joint statement.
Turkiye informed the EU that it has officially submitted a letter of intent to the European Payments Council, expressing interest in joining the Single Euro Payments Area (SEPA).
The parties said Turkiye’s potential participation in SEPA would support quicker, safer and lower-cost cross-border payments, helping trade and investment between Turkiye and the EU.
The dialogue also included the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the Council of Europe Development Bank (CEB).
Participants welcomed the EIB’s recent re-engagement in clean energy and energy efficiency projects in Turkiye that support small and medium-sized enterprises and exporters, and noted interest in further work on transport, energy and digital connectivity under the Connectivity Agenda.
The EU-Turkiye High-Level Business Dialogue brought together EU and Turkish business representatives, international financial institutions and national development banks to discuss obstacles to doing business, as well as new areas and critical sectors for engagement. The parties agreed to continue regular dialogue and to meet next year in Brussels.
For textile and apparel exporters, importers and sourcing teams, the discussions are relevant to cross-border payments, investment conditions and business barriers between the two markets.
Fibre2Fashion News Desk
