Deepening Bilateral Economic Cooperation
Türkiye and Italy Expand Industrial Cooperation to Boost High-Tech Manufacturing and Trade
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Key Points
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Italian investment in Türkiye totals about $4 billion across 1,645 companies, underscoring the breadth of the existing bilateral business presence.
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Türkiye’s role in the EU Customs Union was highlighted as a reason to preserve production networks, which officials said are important not only for the two countries but also for Europe’s competitiveness.
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In the Syria-Türkiye talks, both sides committed to developing economic-cooperation frameworks and exchanging expertise in addition to addressing obstacles to trade and investment.
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Ankara’s share of high-technology exports exceeded 13%, substantially above Türkiye’s national manufacturing-export average of 3.7% in the first seven months of 2026, highlighting a regional concentration of advanced production.
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Industrial leaders said nuclear-sector participation could advance capabilities in engineering, specialty steel, valves and pumps, welding, software, quality systems, testing and certification; ASO established the NÜKSAK initiative in 2017 to support this effort.
Türkiye and Italy are moving to deepen economic ties by integrating manufacturing and supply chains across automotive, aerospace, defense, energy, and other key sectors. QNA reported that officials and business leaders discussed joint ventures in third countries and collaboration in green energy, digitalization, and advanced manufacturing, with Italian investment in Türkiye reaching approximately $4 billion across 1,645 companies.
The initiatives reflect Türkiye's push toward higher-value, technology-intensive manufacturing. Turkish industrial leaders highlighted a major gap: Ankara's share of high-technology exports exceeded 13%, far above Türkiye's national manufacturing-export average of just 3.7% in the first seven months of 2026, showing where advanced production is concentrated.QNA
Italy's Deep Business Footprint in Türkiye
Italian companies have established a significant presence in Türkiye. QNA noted that Italian investment totals about $4 billion, spread across 1,645 companies operating in diverse sectors. This breadth underscores how integrated the two economies already are. Turkish investment in Italy, meanwhile, exceeds $1 billion, creating a two-way flow of capital and expertise between the nations.
Protecting Supply Chains for European Competitiveness
Officials emphasized Türkiye's role in the EU Customs Union as a reason to preserve and expand production networks. QNA reported that these integrated supply chains matter not only for Türkiye and Italy but also for Europe's overall competitiveness. By tightening bilateral ties, the two countries aim to strengthen the continent's economic resilience against global competitors.
Nuclear Energy as a Path to Industrial Upgrading
Turkish industrial leaders identified the nuclear sector as a vehicle for advancing domestic capabilities. QNA explained that participation in nuclear supply chains could boost Türkiye's expertise in engineering, specialty steel, valves, pumps, welding, software, and quality systems. The Ankara Chamber of Commerce (ASO) established the NÜKSAK initiative in 2017 to support this effort.
Türkiye and Syria Pursue Mutual Trade Growth
In separate talks, Türkiye and Syria committed to developing economic-cooperation frameworks and exchanging expertise. QNA reported that both sides agreed to remove barriers to trade and investment, streamline business procedures, and encourage joint projects to support economic development. The moves signal a mutual interest in rebuilding commercial ties and deepening regional integration.
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