Italy-Turkey summit, Meloni raises talks with Erdogan, trade at 35 billion
In the afternoon, the Forum, divided into sectoral tables, was attended by numerous guests including representatives of the business world, leading financial institutions and trade associations from both countries. Around 500 companies from both countries registered
by Andrea Carli
6' min read
Key points
- The Business forum
- Confindustria: another 1.3 billion in exports to Turkey possible
- The Italian-Turkish drone alliance
- Meloni: significant agreement with Baykar opens up new opportunities
- Energy Minister Ankara: 'Leonardo-Baykar agreement opens new era'
- The sixth-generation fighter jet project
- The hypothesis of a UK-Japan axis
- Premier: with Turkey digital backbone Asia-Middle East-Europe
6' min read
The balance of the fourth intergovernmental summit between Italy and Turkey, which, at least in its first half, took place on Tuesday 29 April in the Roman setting of Villa Doria Pamphilj, sees a joint statement by Italian Prime Minister Giorgia Meloni and President Recep Tayyip Erdogan, another between the foreign ministries of Italy and Turkey 'on strengthening bilateral economic relations', nine memorandums of understanding between the two governments, and a memorandum of understanding between Leonardo and Baykar Technologies. The partnership between Italy and Turkey has a new goal, 40 billion dollars (35 billion euro) of trade exchange in the medium term. In the geopolitical arena, the two countries have converging visions on the stabilisation of Libya and the transition in Syria. Fighting terrorism and combating irregular migration are two other dossiers on which there is a commitment to strengthen international cooperation. And the European Football Championship in 2032 will be organised in tandem.
The summit confirms Turkey's intention to find a place in European security plans, so much so that there is a shared belief in the 'importance of the widest possible involvement of non-EU allies in EU defence efforts'. It is no coincidence that one of the main commercial agreements exhibited, along with nine memorandums of understanding between the two governments, from space to infrastructure, is in the area of defence. Namely the recent one between Leonardo and BayKar, for a joint venture for drones.
The Business forum
.In the afternoon, Meloni and Erdogan participated in the Italy-Turkey Business Dialogue Forum, which took place at the Hotel Parco dei Principi. Divided into sectoral tables, the Forum was attended by numerous guests including representatives of the business world, leading financial institutions and trade associations from both countries. Around 500 companies from both countries registered. Italy and Turkey, Meloni recalled in her speech at the Business Forum, are "two allied and friendly nations in the Euro-Mediterranean context. We have chosen, together with President Erdogan, to be here with you to bring our greetings to the work of the Business Forum because we believe that the economic, commercial, and industrial dimension is a fundamental part of the strategic relationship between Italy and Turkey,' the Fdi leader added.
Confindustria: another 1.3 billion in exports to Turkey possible
In Italy's current exports to Turkey, said Confindustria vice-president Barbara Cimmino, speaking at the Forum, "we have identified an unexpressed potential of 1.3 billion, and therefore we hope that occasions such as today's are the chance to quickly add this figure to the important interchange that exceeds 30 billion. "Throughout the decades and, if I must say, even centuries, relations between Italy and Turkey have always had a very important purpose, which is that of international trade as a lever to make peoples talk to each other more, as a lever to make peoples more prosperous and consequently also as a lever for peace," Cimmino added. "The opportunity given to companies today - for Cimmino - is to define common objectives," working frameworks, to "then allow companies, not only the large and the very large, but especially the small and the medium-sized, to operate in a way that is simple and fluid".
The Italian-Turkish drone alliance
.Among the topics addressed was Defence, with a focus on the war drones sector. At the beginning of March, Leonardo and Baykar Technologies, the drone company led by Selçuk Bayraktar, Erdogan's son-in-law, who acquired the Ligurian company Piaggio Aerospace, signed the memorandum of understanding that kicked off an Italian-Turkish alliance in the defence drone sector. In particular, the collaboration between the Italian company and the Turkish giant focuses on so-called 'unmanned technologies', i.e. unmanned aerial systems. This step was the premise 'for the creation of a joint venture for unmanned aerial systems' looking at a European market worth 'an estimated $100 billion, including unmanned fighters, armed surveillance drones and deep attack drones, over the next 10 years'. Design, development, production and maintenance of unmanned aerial systems is the objective of the Joint Venture, based in Italy. The Leonardo sites involved in the activities developed by the joint venture will be those in Ronchi dei Legionari, Turin, Roma Tiburtina, and Nerviano. With this agreement, Leonardo and Baykar intend to jointly pursue opportunities both in the European and international markets, also exploiting further synergies in the space sector.


