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Tag: german marshall fund

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A New Boost to Transatlantic Ties: The Transatlantic Trade and Investment Partnership and the EU-Turkey Customs Union

By: Eray Akdag / The German Marshall Fund Eray Akday is the TUSIAD Permanent Ankara Representative. The below article was published by The German Marshall Fund in their “On Turkey” series. You can find the original here.  During Turkish Prime Minister Recep Tayyip Erdoğan’s recent visit to the United States, the White House declared that “the United States and Turkey decided today to establish a bilateral High Level Committee led by the Ministry of Economy of Turkey and the Office of the U.S. Trade Representative, associated with the Framework for Strategic Economic and Commercial Cooperation, with the ultimate objective of continuing to deepen our economic relations and liberalize trade.”[1]This is obviously an important step, however, it is equally certain that it’s not enough. Quickly, establishing a formal mechanism that would work parallel to Transatlantic Trade and Investment Partnership (T-TIP) negotiations is critical. It can also be alleged that, as stated by Kaleağasi and Ornarlı earlier[2] Transatlantic Trade and Investment Partnership “is of crucial significance for Turkey” and “Turkey can play a significant role in that structure.” 

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The stakes of U.S. prosperity, LNG trade

By: Neil Brown and Marik String / Politico It is a rare opportunity that isolates Iran, undermines Russian energy dominance and broadly benefits the U.S. economy. But those are the stakes for Americannei prosperity as the Obama administration contemplates whether to allow the trade of natural gas with our closest allies. Whereas oil is freely traded on global markets, natural gas has traditionally been a regional commodity locked in pipelines, creating wide price disparities among global markets and making diplomatic relations with (and proximity to) suppliers fundamental. In Europe, for example, certain allies of Russia pay as little as half as much as other neighbors, which actually lie closer. Still a relatively small part of global trade, liquefied natural gas , on the other hand, affords gas-importing nations access to diverse and flexible global supplies.