Connect with us

Economy

Turkish president calls for $100bn trade with U.S.

Published

on

Turkey’s President Recep Tayyip Erdogan on Tuesday called for U.S. investment in Turkey, stressing that Ankara expects to reach a $100-billion-trade target with the United States.

“We want more U.S. companies to invest in our country.

“We are ready to provide every necessary support to the U.S. investors,’’ Erdogan said at a press conference with U.S. Secretary of Commerce, Wilbur Ross.

The Turkish president said he discussed about starting negotiations on a free trade agreement with U.S. President Donald Trump and ministers of the two countries will start working on it soon.

“The $20 billion trade volume between Turkey and the U.S. is below our true potential.

“We have agreed to upgrade our trade volume to $100 billion with President Trump in our last meeting, in Osaka.

“We have begun to take concrete steps regarding this,’’ he stated.

The U.S. trade official also met with his Turkish counterpart, Ruhsar Pekcan, earlier as part of his five-day visit to Turkey.

Recalling the target of reaching $100-billion-trade, Ross said that “we anticipate it to consist of $50 billion more from the U.S. side to Turkey and $50 billion more from the Turkish side to the U.S.’’

Pekcan said the two sides prioritised various sectors such as textile, furniture, marble, automotive, civil aviation, cement and chemicals to increase bilateral trade volume.

She noted that their discussions also focused on the issues faced by important sectors, particularly the steel sector in Turkey.

The two countries decided to set up sectoral committees under the chairmanship of the two countries’ trade ministries, Pekcan added.

AIB

Edited by Abdulfatah Babatunde

Contact US: editor@nnn.com.ng, nnnnews247@gmail.com

Recent Posts

January 2020
MTWTFSS
« Dec
12345
6789101112
13141516171819
20212223242526
2728293031

NNN News Nigeria: NNN is an online Nigeria news portal that publishes breaking news in politics, business, entertainment, sport, security, features, opinion, environment, education, technology, and the world news at large. NNN publishes only news that is factual, credible, verifiable, authoritative and investigative. NNN is a media subscriber of the News Agency of Nigeria. NNN is a unique media organization that is founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favor. Contact: editor@nnn.com.ng

© 2014 - 2019 NNN News Nigeria. All Rights Reserved.

editor@nnn.com.ng