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Tag: Framework for Strategic Economic and Commercial Cooperation

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Why Turkey Belongs to Transatlantic Economy

This article first appeared in The Hill, on March 12, 2013. Read the original version here.  By: Bahadir Kaleagasi, TUSIAD International Coordinator & Representative to the EU; Baris Ornarli, TUSIAD Washington Representative At the President’s Export Council meeting on Tuesday, President Barack Obama reiterated the importance of achieving a U.S.–EU free trade agreement. He said, “Europe is our largest trading partner – the EU as a whole – and we think that we can expand that even further.” The need to expand the economic partnership was conveyed to Secretary of State John Kerry during his trip to Turkey two weeks ago. Turkey’s Foreign Minister Ahmet Davutoglu said that the Transatlantic Trade and Investment Partnership “is of crucial significance for Turkey,” and that he and Secretary Kerry spoke about the free trade agreement that was announced by President Obama in his State of the Union address in February. “We believe that Turkey needs to play a significant role in that structure,” Foreign Minister Davutoglu said. Secretary Kerry confirmed that they had reached an understanding on this issue: “The Foreign Minister and I talked about ways in which we can grow our significant economic partnership. He mentioned… the Transatlantic Investment Trade Partnership. This is a huge opportunity for all of Europe, for all of us… And I know the Foreign Minister looks forward to working with me, and we actually arrived at an understanding of a couple of ways in which we intend to continue to do that.”