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White House Fact Sheets: U.S.-Turkey Economic Partnership

The White House released the “U.S.-Turkey Economic Partnership” fact sheet on May 16 with Prime Minister Erdogan’s Washington visit. Below you can find the full text (see also”U.S.-Turkey Partnership“): Fact Sheet: U.S.-Turkey Economic Partnership In April 2009, President Obama and Turkish Prime Minister Erdogan agreed to elevate U.S.-Turkish bilateral economic relations to a strategic level commensurate with our historically close political-military ties. In the last four years, U.S.-Turkish commercial relations have touched new highs; bilateral trade reached record levels of nearly $20 billion in 2011, with U.S. FDI in Turkey of over $5 billion and Turkish FDI in the United States of nearly $1 billion.