Turkiye Offers India a Gateway to 27 Trillion Dollar Market

Ankara - Türkiye has proposed strengthening trade ties with India, positioning itself as a key bridge to the massive $27 trillion European and Middle Eastern market. Turkish officials highlight the strategic advantage of enhancing economic cooperation, given Türkiye’s geographic location and growing trade networks. India and Türkiye have already established strong business relations, but both countries see untapped potential for expansion.  

Currently, Türkiye ranks as India’s 28th largest trade partner, while India is Türkiye’s 18th. Officials believe that deepening partnerships in industries such as technology, manufacturing, and tourism could benefit both nations. Strengthening economic ties could also boost investment and improve bilateral relations, fostering long-term growth.  

However, several challenges need to be addressed before significant progress can be made. Geopolitical tensions, logistical hurdles, and trade regulations could complicate efforts to enhance economic ties. Both countries will need to negotiate favorable trade agreements while ensuring compliance with international market standards.  

India’s growing global influence and economic expansion make strategic partnerships essential for sustained growth. Strengthening trade with Türkiye could provide India with greater access to European markets while diversifying its trade portfolio. Economic experts suggest that exploring this opportunity could lead to significant mutual benefits.