World Bulletin / News Desk
Zeybekci’s remarks follow German Chancellor Angela Merkel’s recent statement about suspending Turkey-EU talks on the customs union.
"Merkel would not take [such] a decision by herself,” Zeybekci said, speaking in Turkey’s Aegean province of Izmir on the opening day of the 86th Izmir International Fair.
“EU officials had stated that updating the customs union is for the benefit of both parties,” he added.
Despite not being a member of EU, Turkey has had a customs union agreement with the bloc since 1995.
Zeybekci noted that trade volume between Turkey and Germany would reach $40 billion at the end of 2017.
Trade volume between Turkey and Germany also totaled $16.7 billion in the first half of this year, according to Turkish Statistical Institute.
"The loser would be both Turkey and Germany with these statements and falling down of businesses," he added.