Istanbul hosts the “Turkish-American Business Summit”

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On Thursday, the city of Istanbul hosted the second “Turkish-American Business Summit” during the year 2023, with the participation of officials and economic figures from the two countries.

The summit was organized by the American Business Association in the presence of Turkish Deputy Minister of Trade Mustafa Tuzcu and Deputy Head of the Investment Office of the Turkish Presidency Bekir Bolat.

It was also attended by the Consul General of the United States of America in Istanbul, Julie Ede, and the head of the American Business Association branch in Turkey, Tankut Turnaoglu.

The Turkish-American Business Summit included discussion sessions on various issues such as relations between the two countries and investment and innovation opportunities.

Tuzcu said in a speech he delivered during the opening of the summit that American companies investing in Turkey have a major stake in export and growth goals.

He pointed out that many American companies moved their production centers to Turkey after global and regional problems, and began using Turkey as a supply base as a “strong partner.”

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He revealed that last year, the United States ranked second among Turkey’s largest export markets after the trade volume between the two countries reached about 37-38 billion dollars.

In turn, Bolat said that Turkey is a country that is “resistant to global risks and shocks,” and that it always achieves sustainable growth despite all international or regional shocks.

He pointed out that Turkey is the third fastest growing country among the G20 members, and its economic size will reach one trillion dollars by the end of 2023 and has a growth rate of 5.4 percent in the past twenty years.

For her part, Ede stressed that Turkey “has been and will always remain a very important partner for the United States, and the relationship between the two countries is not limited only to the exchange of goods and services.”

American diplomacy said, “There is a shared commitment between the two countries to progress, growth, development, and mutual benefit from each other.”

As for Turnaoglu, he said: “Our most important priority is to protect existing investments in Turkey.”

He added: “Our second priority is to support Turkey as a regional hub for American companies, whether for Eurasia, the Middle East, or Southern Europe.”