Turkiye, U.S. Aim for $100B Trade, Discuss Defense and Security
Türkiye and the U.S. are set to discuss a broad range of topics, including defense cooperation and regional security, during their upcoming talks. The commercial dimension of their relationship will be a key focus, with both sides aiming to boost annual trade to $100 billion.
Currently, the bilateral trade stands at around $45 billion, including services. Türkiye, eager to elevate its economic profile, has taken steps to facilitate trade. It has lifted additional customs duties on several U.S.-origin products, a move seen as a goodwill gesture ahead of President Recep Tayyip Erdoğan's meeting with U.S. President Donald Trump on Sept. 25.
To create sustainable value, Türkiye is looking to shift its focus towards sectors like advanced manufacturing and chip production. It also aims to engage in joint research with the U.S. President Erdoğan believes that with the support of the private sector and new investment initiatives, Ankara and Washington can reach the $100 billion trade target. Türkiye seeks to avoid the pitfalls of transactional trade, instead aiming for balanced packages that bring both immediate trade gains and long-term industrial development.
Both governments aim to discuss a wide range of topics, including defense cooperation and regional security, during their upcoming talks. The commercial dimension of their relationship will be a key focus, with both sides aiming to boost annual trade to $100 billion. Türkiye has taken steps to facilitate trade, including lifting additional customs duties on several U.S.-origin products. To create sustainable value, Türkiye is looking to shift its focus towards sectors like advanced manufacturing and chip production, and engage in joint research with the U.S. President Erdoğan believes that with the support of the private sector and new investment initiatives, Ankara and Washington can reach the $100 billion trade target. Türkiye seeks to avoid the pitfalls of transactional trade, instead aiming for balanced packages that bring both immediate trade gains and long-term industrial development.
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