U . S . BUSINESS

The bilateral trade volume between Türkiye and the United States may increase from last year's $30 billion to $35 billion thanks to positive developments in diplomatic relations, says Murat Özyeğin, the chairman of the Türkiye-U.S. Business Council (TAİK).

The trade relations between Türkiye and the United States have entered a new era, says Mehmet Ali Yalçındağ, chairman of the Türkiye-U.S. Business Council (TAİK).

The positive developments in political relations in the past summer and the positive signals given for the period ahead bolstered expectations that the bilateral trade will accelerate, Yalçındağ said.

The economic relations between Türkiye and the United States continue to develop positively in 2023, with the volume of trade between the two countries reaching $31.3 billion in the last 12 months.

Treasury and Finance Minister Mehmet Şimşek is expected to meet with U.S. Treasury Secretary Janet Yellen this week on the sidelines of the G20 finance ministers' summit in India.

Şimşek will be accompanied by Central Bank Governor Hafize Gaye Erkan.

President Recep Tayyip Erdoğan will meet with CEOs of some of the largest American companies in September, Türkiye-U.S. Business Council (TAİK) Chair Mehmet Ali Yalçındağ has announced.

Erdoğan will attend the round table meeting with the chief executives of 25 companies on the Fortune 100 list on Sept. 20, Yalçındağ said.

The efforts to link Türkiye's demand to buy F-16 jetfighters from the United States with its delayed ratification of Sweden and Finland's bid to join NATO are "illogical and counterproductive," a senior Turkish official has said, repeating that these two Nordic states will enter the alliance once they fulfill their commitments on the anti-terror fight.

Turkey's trade volume with the United States reached $25 billion in the first 11 months of this year, Turkey-U.S. Business Council (TAİK) chair Mehmet Ali Yalçındağ has said.

The U.S. business economists now expect slower economic growth this year due to the widespread delta variant of the coronavirus, while also saying the economy could improve more quickly next year as vaccinations become more accepted.

President Recep Tayyip Erdoğan on Sept. 20 called on businesspeople in the United States to believe in Turkey's potential and make investments in the country.

Turkey-U.S. Business Council (TAİK) chair Mehmet Ali Yalçındağ has hailed "the mutual understanding for common interests" expressed by the Turkish and U.S. presidents in their meeting in Brussels on June 14.