Italy and Turkey Expand Industrial and Technological Cooperation
A New Phase of Partnership in Industry and Innovation Following Turkish company Baykar’s acquisition of Italian aircraft manufacturer Piaggio Aerospace, the two nations are set to strengthen cooperation in key sectors. Industry ministers from Italy and Turkey highlighted the importance of partnership in innovation, mutual investments, and advanced technologies.
Strategic Steps to Strengthen Ties
Italy’s Minister for Enterprises and Made in Italy Products, Adolfo Urso, emphasized that this acquisition opens new opportunities for collaboration, particularly in the defense sector. He pointed to the potential integration of the Italian giant Leonardo into joint projects with Turkey.
Turkey’s Minister of Industry and Technology, Mehmet Fatih Kacır, expressed a commitment to advancing partnerships in areas such as:
- Mutual investments.
- Industrial innovation.
- Joint development in high-tech sectors.
A Mediterranean Industrial Alliance
Both ministers underscored that Italy and Turkey hold leading positions in industry and innovation across the Mediterranean and Europe. The partnership between the two countries could serve as a model for successfully combining resources and technologies in the region.
"We see significant potential for joint achievements," said Urso, emphasizing that such collaboration strengthens both nations’ positions in global markets.
Market Reaction
Following Urso’s statement, shares of Leonardo, a company specializing in aviation and defense technologies, rose by more than 2%. This reflects investors’ optimism about the prospects of collaboration with Turkey.
Conclusion
The expanded industrial cooperation between Italy and Turkey could drive economic growth and technological breakthroughs in the region. Joint projects will bolster the countries’ standing as leading industrial players in the Mediterranean and Europe.
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