US companies view Turkey as regional hub: US official

U.S. companies view Turkey as a regional hub, U.S. Embassy Ankara spokeswoman Julie Eadeh said in a statement on Wednesday.

US foreign direct investment (FDI) stock in Turkey reached $5.8 billion (TL 85.4 billion) in 2020, while US affiliates employed nearly 60,000 people in 2019, a said Eadeh in the US perspective to develop Turkish-American trade and economic ties. .

Stressing that the United States and Turkey have a strong and growing economic relationship, Eadeh said total goods between the two countries will approach $28 billion in 2021, a 32% increase from the year. former.

“Turkish products are finding an increasingly attractive market in the United States. The United States was the second largest market for Turkish exports in 2021. In fact, 2021 saw an almost 45% increase in Turkish exports to the United States to $16 billion,” she said. .

Eadeh noted that the United States remains Turkey’s fourth largest trading partner. “There is room for further growth on both sides of the business relationship.”

His comments came during a two-day visit by US Undersecretary of Commerce for International Trade Marisa Lago.

Lago held separate meetings with Turkish Deputy Energy and Natural Resources Minister Alparslan Bayraktar and Deputy Trade Minister Mustafa Tuzcu to advance business ties and promote clean technologies.

Eadeh said Turkey had made solid progress in recent years to improve the security and diversity of its energy supplies and was a leader in the development of renewable energy.

She said the United States was committed to partnering with Turkey to advance clean and renewable energy generation sources in the region, and looked forward to increased cooperation on energy security in the region. a near future.

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Sharon P. Juarez