It has been announced that Walmart, one of the most popular retail giants in the US, will enter the Turkish market.

The AmChams Eurasian Economic Summit, organized by the American Chambers of Commerce in Turkey, Greece and Bulgaria, discussed Turkey’s role as a regional trade center and developments in economic relations with the US. Government officials, development organizations, business leaders and investors attended the summit.

The trade objective between the US and Turkey was discussed

AmCham Türkiye President Tankut Turnaoğlu said in his statement about the summit that the event took place He highlighted its importance in terms of the US-Turkey trade target of $100 billion.. Turnaoğlu underlined Turkey’s natural center position in Eurasia and stated that Turkey is seen as an ideal base for increasing trade and investment in the region.

In recent years, trade volume between Turkey and the US has approximately doubled to $40 billion. Turnaoğlu predicted that this volume could reach $100 billion in the period 2028-2029, stating that the number and amount of investment of US companies in Turkey is increasing. Currently, there are more than $60 billion in US investments in Turkey and the number of US companies operating in the country is almost 2,000.

What will Walmart sell in Turkey?

Turnaoğlu is at the office that Walmart, one of the American retail giants, is opening in Turkey It will first supply areas such as furniture and frozen foods. he said. Stating that Turkish exports to the US have increased in various sectors such as automobiles, machinery, textiles, chemicals and furniture, Turnaoğlu said Turkish Airlines contributes to cargo transportation and e-exports between the two countries by organizing flights to 14 different cities in America, he stated.

It is unclear whether Walmart’s other product categories will also be sold in our country in the future, but it is obvious that the results of this collaboration will be the determining factor.

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