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Almost four years after Turkey first indicated its interest in pursuing a Free Trade Agreement (FTA) with Canada, in October 2009, it is now up to the Canadian cabinet to allow the Trade Ministry to start the formal negotiation rounds with Turkey reports Today's Zaman. “We have almost wrapped up the exploratory talks and we are only waiting for the Canadian cabinet to give the green light to begin the formal negotiation rounds,” a high-ranking official from Turkey's Economy Ministry told Sunday's Zaman.
Committees from Turkey and Canada first met informally in Ottawa in February 2010. That was followed by a formal exploratory meeting that took place in Ankara in October of the same year to better understand the approach of both sides to a potential agreement. In accordance with those ongoing FTA efforts, a double taxation prevention agreement was signed and went into force in May 2011. A 12-member Senate Committee from Canada also conducted an economic and political study of Turkey this year and gave the following recommendation to the Canadian parliament in its final report: "The Committee recommends that the Government of Canada identify Turkey as a strategic commercial priority and accelerate negotiations with the Government of the Republic of Turkey for a free trade agreement."
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