The agreement is intended to boost bilateral trade and investment.

Speaking at the signing ceremony, Zeybekci said that Turkey plans to make investments worth at least $300 billion over the next decade, and urged Finnish companies to increase their investment in Turkey.

Turkey has attracted foreign direct investment worth about $140 billion, Zeybekci said.  “Overall, direct investment of Finland in Turkey is approximately $300 million. We invite Finnish investors to Turkey.” Zeybekci said.

Finland’s Foreign Trade Minister Toivakka said that the new agreement is a critical step to boost cooperation and trade ties between the two countries.

Both Turkey and Finland recognize that small- and medium-sized enterprises are important elements of the economy. Toivakka noted the importance of cooperation between smaller companies in each country.