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Tag: near zero zone

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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 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.