Relations with Greece: Turkish-Greek relations entered a new era since 1999 following many years of ups and downs. Mechanisms adopted during this period contributed to the diversification and enhancement of relations. During the process of dialogue, top-level visits between the two countries contributed to the enhancement of relations between Turkey and Greece. On December 3rd-5th, 2007 the Minister of Foreign Affairs Ali Babacan paid an official visit to Greece and also visited Gümülcine. During this visit, the possibilities of economic and commercial cooperation with this region were investigated. Also, an exchange program was signed between the Turkish Republic and the Greek Republic governments on Culture, Education, Science, Press and Publishing, Youth and Sports. The Turkish-Greek Work Forum meeting was organized during this visit was.
In response to Prime Minister Recep Tayyip Erdoğan’s official visit to Greece in 2004, Greek Prime Minister Kostas Karamanlis paid a visit to Turkey on January 23rd- 25th 2008. This was the first official visit since 1959. In the meeting, it was confirmed by both parties that the dialogues should have continued and both sides were willing to solve bilateral problems. The Turkish-Greek business forum held in İstanbul, has given the opportunity of investigation of economic and commercial cooperations between the countries on a sectoral level and with the participation of a wide businessmen group. Greek Minister of Foreign Affairs, Dora Bakoyanni paid a working visit to Turkey on March 7th-8th, 2008.
With 33 treaties signed between Turkey and Greece in January 2008, the legal frame of the cooperation was completed to a large degree.
In 2007, bilateral trade volume continued to increase and went over 2 billion euro. Reciprocal investments continued, and Turkish and Greek companies have stared undertaking joint venture projects in third countries.
The Karacabey-Gümülcine natural gas pipline project, which forms an important ring of the cooperation chain between two countries, started operating on November 18th, 2007. This project has a tripartide character, having signed an agreement with Italy on November 4th, 2005.
The relations between Turkey and Greece, built upon mutual respect and understanding, carry great importance for the economic welfare of the two countries as well as for peace, stability and security in the region as a whole.