Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 20/10/2020 12:50 
22.09.2020 20:12 News >> 'Deal To Liberalize Trade Would Boost Turkish-US Ties'

'Deal To Liberalize Trade Would Boost Turkish-US Ties'

Turkey strongly encourages innovative, R&D intensive, high value added products, service investments, says trade minister.

A bilateral agreement between Turkey and the US to mutually liberalize trade in certain sectors would give a healthy push to bilateral ties, Turkey's trade minister said Tuesday.
Addressing the 38th American-Turkish Conference, held virtually due to the pandemic, Ruhsar Pekcan said businesses' enthusiasm and support will be critical to achieve the bilateral trade volume goal of $100 billion.
The target was set by Turkish President Recep Tayyip Erdogan and his US counterpart Donald Trump in June 2019.
"I believe we must achieve swift progress towards the target. In this sense, boosting networking between our business communities is very valuable," Pekcan said.
But she decried how some US policies squeeze Turkish firms' ability to enter the US market, such as additional duties on steel and the removal of Turkey from the Generalized System of Preferences.
"We believe these stand in contradiction with the common vision of the two presidents and our efforts and work with Commerce Secretary Wilbur Ross," Pekcan said.
Pekcan stressed the strong ties between the US and Turkey helping withstand the challenges due to the coronavirus pandemic.
Pointing to improving bilateral trade and business relations, Pekcan said in the first eight months of this year the trade volume rose 3.5% on an annual basis.
About 2,000 US companies operate in Turkey with a total current investment of $12.8 billion, while the country's foreign direct investments in the US total $6.8 billion, a figure rising almost daily, she noted.
"Even though we have observed a considerable volume of trade and investment in the last decade, this is not yet sufficient, given the potential of both countries," Pekcan underlined.
She highlighted that Turkey provides ample opportunities for market access and is wholly committed to building a stronger, more competitive, and liberal business environment compared to other developing countries.
"Turkey's robust manufacturing infrastructure is quite attractive for US investors who may consider diversifying their manufacturing bases," Pekcan said, adding that the country "strongly encourages" innovative, R&D-intensive, and high value-added products and service-related investments. -



        Latest News
Turkic Nations Urged To Back Azerbaijan Over Karabakh 27 minutes ago...
‘Silence, inaction’ from Turkic nations over Upper Karabakh issue ‘upsets us,’ Turkish politician says.
Bosnia Commemorates 1St President Izetbegovic's Death 27 minutes ago...
Aliya Izetbegovic, one of most important Muslim thinkers of 20th century, remembered on 17th anniversary of his passing.
Mass Grave Of Daesh/ISIS Victims Found In Iraq's Kirkuk 27 minutes ago...
Grave contains remains of 45 Iraqis killed by Daesh/ISIS terrorists.
China's Influence Diminishes Amid Pandemic: Study -4 minutes ago...
India lost 'its position as future peer competitor to China', says Sydney based Lowy Institute.
'Iran's Stance On Upper Karabakh Benefits Occupation' -4 minutes ago...
End of Armenia's occupation, permanent stability in region to 'benefit everyone,' including Yerevan, Tehran, says expert.

 
      Top News
Anadolu Agency's Morning Briefing – October 20, 2020 Anadolu Agency's Morning Briefing – October 20, 2020
Nigerian Army Deploys In Capital Amid SARS Protests Nigerian Army Deploys In Capital Amid SARS Protests
European Bank Backs Turkish Firms Against Pandemic European Bank Backs Turkish Firms Against Pandemic
Turkey To Send 2Nd Batch Of Aid To Azerbaijan Turkey To Send 2Nd Batch Of Aid To Azerbaijan
Turkey To Plant Saplings In Fire-Hit Southern Province Turkey To Plant Saplings In Fire-Hit Southern Province
Turkey: External Assets At $227.4B In Aug Turkey: External Assets At $227.4B In Aug
Trump Official Held Talks In Syria To Free US Hostages Trump Official Held Talks In Syria To Free US Hostages
Turkey Reports Over 1,800 New Virus Patients Turkey Reports Over 1,800 New Virus Patients
Azerbaijan Raises Flag On Historic Bridge: President Azerbaijan Raises Flag On Historic Bridge: President
Afghanistan: 2 Women Killed By Taliban Rocket Attack Afghanistan: 2 Women Killed By Taliban Rocket Attack