Canada and Turkiye upgraded their bilateral relations to a strategic partnership during a meeting in Ankara. Canadian Prime Minister Mark Carney conducted the first bilateral visit by a Canadian head of government to Turkiye to finalise the deal.
The two nations agreed to increase collaboration in renewable energy, civil nuclear energy, and liquefied natural gas. Turkiye also signed cooperation deals with Canada regarding air transport, defence, and energy.
Erdogan expects the trade volume between the two countries to rise from $3 billion to $5 billion and eventually reach $10 billion. Negotiators from both countries will begin the first round of free trade talks next month in Ankara.
Canada has signed more than 20 trade deals over the past year. Turkiye agreed to join the Defence, Security and Resilience Bank as a founding member.
In 2024, Canada removed weapons-export controls on Turkiye. Canada mainly exports electronics, aircraft, and lentils to Turkiye, while importing jewellery, aircraft engines, fishing vessels, and medical devices from the country.
AtkinsRealis is a contender to build Turkiye's third nuclear power plant in Thrace. Turkiye plans to build a second nuclear power plant in Sinop, following the first station at Akkuyu which Rosatom is building under a $20 billion accord from 2010.
Turkiye has also held talks with the State Power Investment Corporation and Korea Electric Power Corporation regarding nuclear power plant construction.
