Turkey would be for American companies a regional center for trade

This is according to a statement issued by the US Embassy in Ankara, on the details of the visit of the US Under Secretary of Commerce, Marisa Lago, to Turkey.

In the statement, Eadeh explained that there is a strong and growing economic relationship between the United States and Turkey.

She recalled that the trade volume between the two countries stood at 28 billion dollars last year, an increase of 32% compared to 2020.

She added that Turkish products have become more attractive in the US market and the US has been the second largest market for Turkish exports in 2021.

The spokeswoman confirmed that the United States of America is Turkey’s fourth-largest trading partner, noting that “American companies view Turkey as a regional hub.”

Eadeh said there are still areas for further growth in trade relations between Washington and Ankara.

She explained that embassy officials regularly meet with American companies that want to increase their sales and investments in Turkey.

The volume of U.S. direct investment in Turkey was $5.8 billion in 2020.

She recalled that American companies employed nearly 60,000 people in Turkey in 2019.

The American diplomat also welcomed Lago’s visit to Turkey on April 4 to discuss opportunities for economic cooperation and to launch the strategic mechanism between Turkey and the United States.

Source Anadolu Agency