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France is currently Turkey’s one of the biggest trading partner among the EU member states.
Trade and Payment Agreement (1946), Agreement on the Formation of Joint Economic Commission (1987), Double Taxation Prevention Treatment (1989) and Bilateral Investment Promotion and Protection Agreement (2006) constitute the legal framework of bilateral commercial and economic relations between Turkey and France.
France was Turkey’ 4th largest goods export market in 2010.
Turkish goods exports to France in 2010 amounted to 5,1 billion $ (an increase by 15,72% when compared to 4,4 billion $ in 2009).
The top export categories (2-digit SITC) for 2010 were: road vehicles, articles of apparel and clothing accessories, electrical machinery, apparatus and appliances and electrical parts, textile yarn, fabrics, made-up articles and related products, vegetables and fruit.
France was Turkey’s 6th largest supplier of goods imports in 2010.
Turkish goods imports from France amounted to 7 billion $ in 2010 (an increase of 26,39 % when compared to 5,5 billion $ in 2009)
The top 5 imports categories (2-digit SITC) for 2010 were: road vehicles (including air-cushion vehicles), other transport equipment, Power-generating machinery and equipment, general industrial machinery and equipment and machine parts, iron and steel.
The trade deficit of goods with Turkey was 1,9 billion $ in 2010.
Contracting and Consultancy Services
Turkish firms held and are holding 10 projects in France with a total value of 5 billion dollars up until now.
Foreign direct investment (FDI) from Turkey to France was 8 million $ in 2010.
FDI from France to Turkey was 621 million $ in 2010.