The 60th Ordinary General Assembly Meeting of AmCham Turkey (American Business Association), which represents 100 US companies that have investments of over 135 billion dollars in Turkey and employ 20 thousand people, was held in Istanbul on March 5, 2024.
US-Türkiye ECONOMIC RELATIONS CONTINUE THEIR POSITIVE COURSE
Making the opening speech of the General Assembly AmCham Türkiye Chairman of the Board of Directors Tankut TurnaoğluHe underlined that 2023 continues to reveal its potential in bilateral economic and commercial relations between Turkey and the USA. Turnaoğlu said, “While Turkey's bilateral trade volume with the USA will reach 2023 billion dollars in 30,6; The USA is Turkey's second largest export market and fifth largest import market. As Turkey and the USA commercial relations approach their 200th anniversary, as AmCham Turkey, we represent 20 US member companies operating in Turkey in the 60th anniversary of our establishment, creating an investment of 100 billion dollars and employment for 135 thousand people.” said. Emphasizing that there is a much stronger potential that can be realized in bilateral economic and commercial relations, Turnaoğlu said, “As AmCham, we continue to work determinedly towards our goal of becoming the power that carries Turkey to global markets by increasing investment and trade between the two countries. The fact that 2023 of the 126 direct investment projects coming to Turkey in 16 were American investment projects took the USA to the first year last year. "In 2024, we will continue to focus on the areas of 'Regional Cooperation from the Balkans to Central Asia, Digital Investments and Sustainability'," he said.
Türkiye OFFERS IMPORTANT OPPORTUNITIES FOR INTERNATIONAL INVESTORS
Bekir Polat, Deputy Chairman of the Presidential Investment Office, He expressed his views at the 20th Ordinary General Assembly Meeting of AmCham Turkey with the following words: “Turkey, which stands out in its region with its stable economy, offers important opportunities to international investors with its talented workforce, strategic location and strong integration into the global supply chain. The fact that it is the country that has attracted the highest concentration of international investments in its region in 20 years confirms these. We have attracted 20 billion dollars of investment in the last 262 years, our share in the global pie is currently 1 percent, we aim to increase it to 1,5 percent as soon as possible. "We will continue to achieve our goals that will contribute to the sustainable growth of our country with determination, together with all our stakeholders, both private and public, by increasing our momentum within the framework of the "International Direct Investments Strategy: 2024-2028" document that we will announce in the coming period."
USA'S LARGEST TRADE EVENT AND BUSINESS DEVELOPMENT FORUM WILL BE HELD IN ISTANBUL
Neema Singh Guliani, Deputy Assistant Secretary of the US Department of Commerce: “The US Department of Commerce plans to continue its contacts throughout Turkey and the European and Eurasian Region. We look forward to organizing the Trade Winds Forum in Istanbul in May 2024 and hope it will be successful. Trade Winds is the U.S. Government's largest trade event and business development forum. We are pleased that AmCham Turkey supports Trade Winds as a Platinum Sponsor.”
US Consul General in Istanbul Julie Eadeh, “Our commercial ties continue to develop. "The impressive growth of our bilateral trade relations demonstrates the significant contributions of American companies to Turkey and reflects the thousands of employment opportunities created and shared prosperity," he said.
