4/8/2009

Obama visit underscores growing trade ties, ABFT says

Today’s Zaman - The American Business Forum in Turkey (ABFT) believes President Barack Obama's visit to Turkey underscores the country’s growing importance as a trade and investment partner for the United States and that US investments in Turkey can double in the next five years to exceed USD 10 billion, the organization said. In a statement on Obama's visit, the ABFT drew attention to the success seen so far in the increased US foreign direct investment (FDI) in Turkey and pointed to the doubling of US FDI in Turkey, e.g. from USD 2.6 billion in 2006 to around USD 5 billion in 2007. ABFT Vice Chairman Jeffrey Kemprecos said his organization's members operating in Turkey are "very satisfied" with their decision to invest in the country and that they have advised other US companies to invest here, as well.