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Tag: economic

Business Priorities for Turkey’s G20 Presidency in 2015

Turkey assumes the G20 Presidency in 2015 and will chair and host the B20. In that context, the Turkish Industry and Business Association (TUSIAD) initiated a global study to define the private sector’s priorities for the recommendations that will be produced during Turkey’s Presidency, with special focus on the increasing role of emerging markets and G20 in the world economy. A survey was conducted with business leaders of six G20 countries: Brazil, France, India, United Kingdom, United States and Turkey. The results of the survey are analyzed in light of former G20-B20 outputs, as well as the Turkish government’s priorities for 2015. The survey highlights 9 main priorities, of which respondents rated promoting sustainable and green growth, developing human capital and promoting employment, and improving anti-corruption efforts among the highest. The data is further analyzed by developed and emerging markets in order to identify more targeted approaches to differing priorities. A separate analysis of specific policies identifies a major difference between emerging and developed markets, where emerging markets emphasize governance and control, and developed markets value entrepreneurship and innovation. Following the conclusions drawn from the study, a list of business policy proposals has been created to recommend for inclusion on the G20 agenda during Turkey’s Presidency. Read the full executive summary here. See the full report here.

15th Anniversary of the Washington Representative Office of TUSIAD

This year marks the 15th anniversary of the TUSIAD Washington Representative Office. The establishment of a representative office in Washington 15 years ago reflects the Turkish business world’s appreciation of the importance of the U.S. – Turkey relationship and has demonstrated the recognition of the potential for greater economic and political ties between Turkey and the United States. 

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U.S-Turkey relations, in a special moment, says U.S. Assistant Secretary of State

Assistant Secretary Fernandez traveled to Ankara from May 22-24, leading a U.S. delegation to the 10th U.S.–Turkey Economic Partnership Commission (EPC) meeting. The EPC serves to advance the United States strong and growing economic partnership with Turkey on entrepreneurship, innovation, intellectual property rights, trade, and investment. Below are excerpts from the Anadolu Agency report. Ambassador Mehmet Tugrul Gucuk, Deputy Undersecretary for Economic Affairs of the Ministry of Turkish Foreign Affairs and the United States Assistant Secretary of State for Economic and Business Affairs Jose W. Fernandez held a press conference on Thursday after the tenth Turkey-U.S. Economic Partnership Commission (EPC) meeting. Amb. Gucuk said “we discussed a wide range of issues related to energy, trade, investment, infrastructure, sectoral cooperation opportunities for cooperation with third countries and have shown our commitment to increase the trade volume between Turkey and United States.” “We decided to meet twice in a year and this autumn, we decided to meet again” Gucuk added. 

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White House Fact Sheet: U.S.-Turkey Partnership

The White House released the “U.S.-Turkey 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 Economic Partnership“). Fact Sheet: U.S.-Turkey Partnership The United States and Turkey share a strong partnership and friendship, rooted in common values and strategic interests, and reinforced by the enduring links between the people of both countries. The United States is firmly committed to broadening and deepening this partnership, and together we have taken great strides in recent years. A shared vision for how to advance bilateral, regional, and global issues continues to drive the United States and Turkey ever closer. The vital people-to-people connections that thrive across an extensive range of sectors and topics ensure this relationship continues to modernize and advance. Following are key areas of this important partnership. 

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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.