U.S. Ambassador: Turkey and USA can raise trade three-folds


AA - The top US diplomat in Turkey said on Tuesday that Turkey and the United States could raise their trade volume by three fold. James Jeffrey, the US Ambassador to Turkey, stressed the importance of ties between the two countries and underlined the need for stronger economic relationship.


The United States is supporting improvement of commercial and economic ties with Turkey, said Jeffrey during a dinner held on the occasion of the sixth anniversary of the establishment of the American Business Forum in Turkey (ABFT).


Jeffrey said two countries need a stronger economic relationship that also includes private sector. Two countries have almost USD 15 billion of trade volume, Jeffrey noted. The ambassador also stressed that this figure could be raised by three-fold in a few years.


The ABFT serves as the American Chamber of Commerce in Turkey and represents approximately 60 prestigious US firms operating in Turkey. Founded with a mission to improve the business and investment environment for US companies in Turkey, ABFT has remained focused on this objective through advocacy and business development initiatives.