9/22/2016

President Erdogan meets with top US executives and investors

President Recep Tayyip Erdoğan, on the occasion of his official visit in New York for the UN General Assembly, attended an executive roundtable meeting hosted by the Investment Support and Promotion Agency of Turkey (ISPAT).

 

Meeting with more than 30 US businesspeople during the meeting, President Erdoğan offered insights into the newly-unveiled investment incentives scheme and the Turkish Sovereign Wealth Fund. He further emphasized that the July 15 failed coup attempt did not have a lasting impact on the Turkish economy. During the meeting, investors gave a clear message that they will maintain their investments in Turkey and that the heinous failed coup attempt did not change their perception on the country.

 

President Erdoğan pointed out that the USD 20 billion trade volume between the US and Turkey should be boosted, and that relations mostly focused on military and political areas which should extend to greater economic activity.

 

Referring to the investment incentives system, President Erdoğan said that investing in Turkey is now more attractive and he underlined that the country is a regional economic power which has made major infrastructure investments.

 

The list of attendees at the roundtable included top executives from prominent companies such as 3M, the Abraaj Group, Cargill, Cisco, Citibank, Coca-Cola, DOW Chemical, General Electric, Johnson & Johnson, Keystone, MasterCard, MetLife, Nike, Pepsi and Qinvest, as well as organizations such as the World Economic Forum, the International Finance Corporation, the American-Turkish Council, and the US Chamber of Commerce.

 

Commenting on the event, ISPAT President Arda Ermut said the meeting gave an important message, suggesting that issues raised by US investors in relation to the investment incentives during an earlier meeting on March 30 in the US were taken into account by the Turkish government with the introduction of a new incentives scheme. According to Ermut, US investors are well aware that there are not many governments in the world able to satisfy such comprehensive requests of investors within just 6 months.

usa; turkey; erdoğan; investment; united nations

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