U.S. Chamber Releases Study with Recommendations to Strengthen Economic Partnership with Turkey

Tuesday, March 13, 2012 - 8:00pm

WASHINGTON, D.C.—The U.S. Chamber of Commerce today released the study, U.S.-Turkish Economic Relations in a New Era: Analysis and Recommendations for a Stronger Strategic Partnership, which underscores how the United States and Turkey must seize the opportunity to further deepen commercial ties through the elimination of trade barriers and increased investment.  Through its Turkey Working Group, the U.S. Chamber is playing a central role in keeping the American business community focused on the growing opportunities that exist in the Turkish market.

“The U.S. business community has been impressed by the growth in the Turkish economy and the opportunities it provides,” said Peter Rashish, vice president of Europe & Eurasia at the Chamber.  “Turkey’s strategic location, dynamic economy, and membership in the G20, WTO, and OECD mean we need to step up our dialogue not only about how we manage our economies but also on key global economic, financial and trade issues. 

The report highlights four recommendations by which trade and investment can be increased between the U.S. and Turkey:

• Rewrite the bilateral trade and investment framework
• Better align the two countries’ export promotion strategies
• Set up new forums of dialogue and consultation for the U.S. and Turkish business communities
• Utilize the forum of the G20 to produce mutually satisfactory solutions to economic issues of concern

“This report takes stock of the state of the trade and investment relationship between the two countries, identifies market and policy challenges and opportunities that face companies doing business in both markets, and puts forth recommendations for steps that the U.S. and Turkish governments and business communities can take to deepen the bilateral economic relationship,” said Rashish.

The full study is available here: https://www.uschamber.com/reports/us-turkish-economic-relations-new-era-analysis

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.