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8h ago

Italy and Turkey Reinforce Strategic Alliance with New Agreements

Meloni and Erdogan finalize over ten accords, set $40 billion trade goal, and launch a joint venture on drone technology during Rome summit.

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Overview

  • Prime Minister Giorgia Meloni and President Recep Tayyip Erdogan met in Rome for the fourth Italy-Turkey intergovernmental summit, adopting a joint declaration to solidify bilateral relations.
  • The two nations signed over ten agreements spanning energy, space, infrastructure, and defense, including a memorandum for a joint venture on unmanned aerial systems between Leonardo and Baykar Technologies.
  • A new trade target of $40 billion was set, with Italy reaffirming its role as Turkey's top Mediterranean trade partner, following a $32.2 billion trade volume in 2024.
  • Discussions addressed regional and global security issues, including Ukraine, Gaza, Libya, and Mediterranean migration, with Italy reiterating support for U.S.-led Ukraine peace efforts.
  • A concurrent business forum hosted over 500 companies and 150 B2B meetings, emphasizing economic collaboration and innovation across strategic sectors.