Turkey, France agree to boost economic ties

Turkey, France agree to boost economic ties

PARIS: Turkey and France on Monday agreed to further boost their economic ties, including in the fields

of energy, agriculture, technology and defense industry, Turkish Treasury and Finance Minister Berat Albayrak said here.

Speaking at a joint news conference with French Economy and Finance Minister Bruno Le Maire, Albayrak said "We also think that improving cooperation in the financial sector, banking and insurance sectors will be beneficial."

The two countries also reiterated their stance to jointly take action against the US move targeting Turkey, the EU and others, he said.

"Those kind of steps [the U.S. has] taken with political motivations will affect not only the global financial system but also global trade and regional stability; it will create uncertainty and great problems."

He said the US approach would also lead to chaos, which in turn feeds terrorism and refugee crises.

Albayrak added "The dollar, unfortunately, has lost its status as a reliable instrument in global trade".

He said Turkey aims to increase its trade with the EU in euro.

Le Maire said economic stability of Turkey and Turkish companies is beneficial for France, Europe and everyone.

"France will continue to back all French companies who trade and want to trade with Turkey," Le Maire said.