AmCham awards firms for improving Turkey-US ties
The American Business Forum in Turkey (AmCham Turkey/ABFT) has awarded the Turkish and U.S. companies that have contributed to the development of Turkey-United States economic relations with their business activity.
AmCham Turkey represents more than 110 U.S. companies, which have a total investment of over $50 billion in Turkey, said forum chair Tankut Turnaoğlu at "I AmChamPion" awards ceremony held in Istanbul late on Dec. 3.
The United States has climbed to the rank of two from eight in the list of Turkey's top export markets, he also said.
U.S. companies operating in Turkey exports goods worth $10 billion per year, Turnaoğlu said, adding that "there's a greater potential for the economic and trade relations between the two countries."
Digital technologies could trigger a rapid advancement in Turkey-U.S. trade relations, said Turkish Industry and Technology Minister Mustafa Varank in a video message sent to the ceremony.
"Turkey is a profitable and safe harbor for your investments," he said. "Our country's geopolitical location and strong production infrastructure will bring you closer to large markets and provide an excellent working environment."
Turkish Trade Minister Mehmet Muş underlined that trade volume of Turkey and the United States increased 24 percent year on year to reach $22.4 billion in the first 11 months of this year.
The two countries are set to break an annual trade volume record of $25 billion in 2021, he added.
Muş also said that the Turkish government will continue to support U.S. investments "based on a win-win approach" in a wide range of sectors from renewable energy and medical technologies to aviation and information technologies.
Scott M. Oudkirk, the deputy chief of mission at the U.S....