Statement Below from Acting U.S. Commerce Secretary Rebecca Blank, U.S. Trade Representative Ron Kirk, Turkish Deputy Prime Minister Ali Babacan, and Turkish Minister of the Economy Zafer Caglayan Today, Acting U.S. Commerce Secretary Rebecca Blank and United States Trade Representative Ron Kirk co-chaired the second meeting of the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation (FSECC) in Ankara, Turkey. The FSECC is the only Cabinet-level mechanism for discussion of U.S.-Turkish commercial and economic relations. The Turkish delegation was chaired by Deputy Prime Minister Ali Babacan and Minister of the Economy Zafer Caglayan. The meeting focused on opportunities for increased bilateral trade and investment relations, and the ministers agreed on several concrete steps to advance the U.S-Turkish commercial relationship. The four principals made the following joint statement after the meeting. Joint Statement by the United States and Turkey from the Framework for Strategic Economic and Commercial Cooperation We met today in the second session of the Framework for Strategic Economic and Commercial Cooperation (“the Framework”) to continue the process of high-level consultation on economic and commercial issues that we began with our first meeting in October 2010. Our discourse was focused on carrying out the commitment that President Obama and President Gul made in April of 2009 to elevate our bilateral trade and investment relations.
We note with satisfaction that Turkey has continued on a dynamic path toward economic prosperity. This strong growth provides a foundation for a wholly new level of commercial cooperation between our businesses, and an opportunity for our governments to collaborate more closely in the economic sphere, both bilaterally and in the region. The Turkish and American private sectors have indicated their growing interest in the possibilities that could emerge from closer U.S.-Turkish economic ties.
Events since our first meeting have only underscored the important stake both Turkey and the United States have in our bilateral economic partnership. The economic opportunities and aspirations stimulated by the events of the “Arab Spring,” and the challenge of spurring global economic growth, mean that our two countries must cooperate more closely than ever on trade and investment issues.
In our meeting today, we discussed several initiatives and suggestions from the private sector on how to reinforce our economic relationship, including recommendations developed by the U.S.-Turkey Business Council. We discussed how to cooperate better on efforts to promote entrepreneurship and innovation, as well as foreign direct investment in both countries. We highlighted a number of potential new initiatives in key industry sectors. We also reviewed a number of challenges to further growth in trade and investment, and the means to address them. Finally, we shared views on the potential for our governments, working together, to encourage greater contact and cooperation between U.S. and Turkish businesses that wish to explore the new promise of growth in third country markets, especially in the Middle East and North Africa, but also beyond, including in Sub-Saharan Africa, Central Asia, Latin America and Pacific region.
We were pleased today to have found common ground on several steps to enhance our bilateral economic and commercial relationship, including:
Source: U.S. Department of Commerce
