Erdoğan and Lee Jae Myung discuss trade target and defense cooperation in Seul
President Recep Tayyip Erdoğan evaluated bilateral relations at a joint press conference in Seul with South Korean President Lee Jae Myung. Erdoğan said they discussed raising trade volume, which exceeded 11 billion dollars last year, to the 15 billion dollar target and updating the free trade agreement. It was noted that cooperation in areas such as nuclear energy, the defense industry and artificial intelligence was also addressed.
This summary was generated by AI; the official source prevails.
What does it mean?
The two countries talked about increasing the amount of trade between them and updating their trade rules to fit today's conditions. This is a goal and a step in talks, not a concrete decision. The information provided does not say that any agreement has taken effect.
Who is affected?
Companies that trade between the two countries and Korean firms operating in Turkey.