Germany-Turkey Ties Robust Despite Political Tensions
-
Economic ties between Germany and Turkey remain strong despite political tensions, with bilateral trade reaching a record high in 2022. Germany is Turkey's top trading partner.
-
Germany wants to modernize the customs union to further boost trade. Turkey seeks a say in EU free trade deals.
-
Over 8,000 German companies operate in Turkey, mainly in industry, retail, logistics. Germany invested €11.5 billion in Turkey since 2002.
-
Cooperation is growing in renewable energy. German firms have plants in Turkey to supply wind turbines.
-
Turkey's economy still faces challenges like high inflation. Ankara hopes to restore investor faith, but the lira keeps falling.