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Tag: FSECC

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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. 

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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.”

 

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Appointments to U.S.-Turkey Business Council Announced by Obama Trade Official during Trade Mission

The following is the December 3, 2012 press release by International Trade Administration, Department of Commerce.  ANKARA, TURKEY – Under Secretary of Commerce for International Trade Francisco Sánchez today announced the new U.S. private sector members of the U.S.-Turkey Business Council in Ankara. The private sector members of the Council, made up of senior-level executives from the United States and Turkey, provide policy recommendations to both governments jointly on ways to strengthen bilateral economic relations. Sánchez is currently leading a delegation of 18 U.S. companies on an Aerospace and Defense trade mission to Ankara and Istanbul.