The Second Session of the Czechia–Türkiye Joint Economic and Trade Committee (JETCO) and the Czechia–Türkiye Business Forum were held in Prague on 21 May 2024 under the chairmanship of the Republic of Türkiye Minister of Trade, Prof. Dr. Ömer Bolat, and the Czech Minister of Industry and Trade, Jozef Sikela. The event was attended by Foreign Economic Relations Board (DEİK) President Nail Olpak, Ambassador Egemen Bağış, delegations from both countries and business representatives.

Within the scope of the Türkiye–Czechia Business Forum, a cooperation agreement was signed between Ali Kırali, Chief Executive Officer of the Turkish Mercantile Exchange (TMEX), and Miroslav Hajek, Secretary General of the Czech Moravian Commodity Exchange (CMKB), to cooperate in expanding agricultural commodity trade in Central and Eastern Europe through licensed warehousing and electronic warehouse receipt systems.

Regarding the signed agreement, TMEX General Manager Ali Kırali stated:

“The TMEX-CMKB Cooperation Agreement is an important step toward providing new and efficient solutions in agricultural product trade. Our licensed warehousing and electronic warehouse receipt infrastructure has become a sample model at the international level. This agreement was signed to cooperate in expanding this model. During preliminary meetings with CMKB officials, information was provided about TMEX’s field of activity, as well as the licensed warehousing and electronic warehouse receipt ecosystem.

Through this strategic cooperation, the two exchanges aim to enhance efficiency, transparency, market access and the expansion of this model across the agricultural commodity market in Central and Eastern Europe.”

Within the framework of this cooperation, TMEX and CMKB will take steps to provide new and efficient solutions in agricultural product trading. Both exchanges will share knowledge and expertise in the development of trading platforms and will jointly conduct activities for the establishment and promotion of platforms dedicated to agricultural commodities trading. In addition, the two exchanges will cooperate in developing a unified exchange platform and an electronic warehouse receipt system tailored to the market environment of Central and Eastern Europe.