(MENAFN) A deal was inked by the Foreign Economic Relations Board of Turkey (DEIK) with the German Association for Small and Medium-sized Businesses (BVMW).

Nail Olpak, head of the DEIK, signed a memorandum of understanding at the DEIK headquarters in Istanbul with Markus Jerger, general manager of the BVMW.

Both the Turkish and Germany economies are dependent on small and medium-sized enterprises (SMEs), and the deal amid the DEIK and BVMW shows a historic move in the field, according to Olpak.

He further declared that as part of the deal, a Turkey-Germany Business Summit will take place in 2022.

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