Commercial Ties between the United States and Turky Expand

“The world has never been as competitive as it is today, leaving us both facing the same fundamental challenge: How do we make our economies, and our people, more competitive globally?” This statement was made by Michael Camuñez, assistant secretary for market access and compliance, during his travels to Ankara and Istanbul, Turkey from January 24 to 28, 2011.

An answer to the question can be seen in the U.S.-Turkey Framework for Strategic and Economic Commercial Cooperation (FSECC), launched by President Barack Obama and Turkish Prime Minister Recep Tayyip Erdoğan in Washington D.C., on October 19, 2010. The FSECC institutes a forum for senior-level officials from both countries to discuss commercial and economic issues every year.

A further step was taken during Camuñez's visit in January when a memorandum of intent was signed between the Department of Commerce's Invest in America program and Turkey's Investment Support and Promotion Agency. Both countries hereby commit to provide mutual assistance to investors by connecting them with investment and industry experts in each country.

Already today the U.S. exports of goods amount to $10.5 billion, making Turkey the 26th-largest export market for the U.S. and the fastest-growing country in Europe.
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Der In- und Export zwischen den USA und der Türkei lag im vergangenen Jahr jeweils bei 10,5 Milliarden USD. Dies platziert die Türkei auf Amerika's Exporthitliste auf Platz 26, wobei die Optionen noch längst nicht ausgeschöpft sind.

Zu diesem Zweck, insbesondere, um bessere Rahmenverhältnisse für wirtschaftliches Wachstum zu schaffen, gingen Präsident Barack Obama und Premierminister Recep Tayyip Erdoğan im Oktober 2010 ein Partnerabkommen ein. Im Januar 2011 wurde jene Kooperation durch den Besuch des stellvertretenden Ministers für Marktzugang und Konformität, Michael Camuñez, bestärkt und vorangetrieben.

(c) Picture: Idea go - freedigitalphotos.net