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Blog Category: Framework for Strategic Economic and Commercial Cooperation

Secretary Pritzker and CEOs from the President’s Export Council Explore Market Opportunities with Turkish Business Leaders

Secretary Pritzker and CEOs from the President’s Export Council Explore Market Opportunities with Turkish Business Leaders
After a productive stop in Poland, Secretary Pritzker traveled to Turkey with CEOs from the President’s Export Council (PEC) to explore opportunities for U.S. firms interested in the market and address outstanding challenges to expanding bilateral trade and investment. 
 
While the United States and Turkey have sustained deep strategic and diplomatic ties for decades, both countries want to expand their economic and commercial relationship. In 2009, President Obama visited Turkey and established the Framework for Strategic Economic and Commercial Cooperation (FSECC) with then-Prime Minister of Turkey Tayyip Erdogan. The two leaders tasked the U.S. and Turkish governments to create a framework to help substantially increase the trade and investment flows between both countries to help strengthen the economic dimension of our partnership. Now, Secretary Pritzker and the PEC CEOs -- serving as commercial ambassadors -- are working to expand and strengthen this relationship through meetings with Turkish government and business leaders in Istanbul and Ankara.
 
In Istanbul, Secretary Pritzker delivered remarks to more than 200 Turkish business leaders and guests at the AmCham/American Business Forum in Turkey (ABFT) 10th Anniversary gala. She noted that progress has been made in the U.S.-Turkey commercial relationship, with total bilateral trade in 2013 just under $20 billion.  

She also stressed three challenges U.S. businesses face in the Turkish market that must be addressed: greater transparency in government procurement; commercial offsets – a policy that forces companies to produce locally; and the ability to obtain Good Manufacturing Practices certification. Ilker Ayci, President of Turkey’s Investment Promotion Agency, also shared Secretary Pritzker’s sentiment that the United States and Turkey must work together now to address current obstacles.

Secretary Locke, Ambassador Kirk Meet With Turkish Counterparts to Discuss Progress of U.S.-Turkey Commercial Relationship

Secretary Locke, Ambassador Kirk, Deputy Prime Minister Babaca and Trade Minister CaglayanU.S. Commerce Secretary Gary Locke and U.S. Trade Representative Ron Kirk held a press conference today along with their Turkish counterparts, Foreign Trade MinisterZafer Çağlayan and Deputy Prime Minister Ali Babacan, following the inaugural meeting of the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation. The Framework establishes an annual forum for senior-level officials from both countries to discuss commercial and economic issues and work towards enhancing the bilateral relationship.

The Framework stems from a meeting President Obama and Turkish President Gul held in April 2009.  In response to a request from President Gul, President Obama pledged to work towards enhancing our commercial and economic relationship with Turkey. | Joint statement  |  Press release  |  Fact sheet