Argentina and Turkey: The air agreement that will transform global trade

The agreement, signed by Argentina's Secretary of Transportation, Franco Mogetta, and Turkey's Director General of Civil Aviation, Kemal Yüksek, marks a milestone in air commercial relations between the two nations. Previously, operations were limited to seven weekly frequencies for combined passenger and cargo flights. With this new understanding, the airlines will be able to operate combined, cargo-only and non-scheduled flights without limitations, significantly expanding the options available.

Turkey, recognized as a key node in global air transport, mobilized around 230 million passengers and close to 5 million tons of cargo in 2024. This agreement allows Argentina to access this strategic market, with more efficient routes to Europe, Asia and the Middle East.

The implementation of unlimited frequencies has direct implications for logistics and foreign trade. For Argentine exporters, the possibility of operating exclusive cargo flights under this scheme is a significant change.

Perishable products such as fruits and meats, high-value goods such as technology products, and bulky industrial goods can be transported more efficiently and at lower cost, thus optimizing logistics operations. This development is particularly relevant for small and medium-sized companies seeking to expand into international markets, but facing logistical barriers due to a lack of flexible transportation options.

From a tourism perspective, the increase in routes and frequencies promises to significantly increase the flow of international visitors, especially from emerging markets such as Turkey and its surroundings. This will not only favor traditional destinations such as Buenos Aires, but also less explored locations, contributing to regional development and foreign exchange earnings.

In addition, the expansion of connectivity encourages investment in airport infrastructure. Key airports in Argentina, such as Ezeiza and others in the interior, could benefit from improvements to handle higher volumes of passengers and cargo, which would strengthen the country's competitiveness on the global stage.

This agreement has a direct impact on the insurance industry, especially with regard to Cargo Insurance. With the increase in air operations and diversification of routes, companies face new challenges and risks associated with international transportation. Hanseatica, as a leading insurer in the field of Cargo Insurance, is in a privileged position to offer a wide range of insurance products and services, is in a privileged position to offer solutions adapted to these new dynamics.

By providing coverages that take into account the particularities of the routes to and from Turkey, as well as the specific characteristics of the goods transported, Hanseatica can ensure that Argentine and Turkish companies operate with confidence in this new connectivity framework. In addition, risk management consultancy and the development of customized policies will be key to accompany the growth of international trade resulting from this agreement.

In conclusion, the "Open Skies" agreement between Argentina and Turkey not only strengthens air connectivity and bilateral trade, but also presents significant opportunities for the insurance sector. Hanseatica welcomes the agreement and is committed to being a strategic ally in this process, contributing its experience and knowledge to facilitate the development of international trade between both nations.