Türkiye Sets $5 Billion Trade Goal with Georgia

Turkish Trade Minister Ömer Bolat has announced that Türkiye is seeking to expand its trade ties with Georgia, aiming to boost bilateral trade volume from the current $3.5 billion to $5 billion annually.

Bolat made these remarks during the Türkiye-Georgia Business Forum in Tbilisi, The Caspian Post reports, citing local media.

In his remarks, Bolat praised Georgia’s government for its successful reform efforts, describing the country's progress as a model for the region.

“The achievements of our neighbor Georgia are a source of pride and hope for Türkiye,” said Bolat. “They give us confidence in a bright future built together.”

He reaffirmed Türkiye’s unwavering support for Georgia’s sovereignty and territorial integrity, stressing that the prosperity and stability of friendly and brotherly nations are central to Türkiye’s regional vision.

Highlighting Türkiye’s own economic growth, Bolat pointed to the country’s robust performance under President Recep Tayyip Erdoğan.

“In 2024, Türkiye’s economy surpassed $1.3 trillion. Our GDP grew by 3.2 per cent, placing us 4th among the member states of the Organisation for Economic Co-operation and Development [OECD], 5th compared to EU nations, and 6th in the G20,” the minister stated.

He also noted that GDP per capita in Türkiye has exceeded $15,000, and exports have seen a dramatic increase - from $36 billion in 2002 to $262 billion in 2024, marking a more than sevenfold growth.

Bolat placed special emphasis on the booming defense industry, reporting that defense exports have surged from $248 million in 2002 to $6.7 billion in early 2025. The annual portfolio of new defense contracts now grows by an estimated $20 billion.