Turkey and US Seek to Boost Bilateral Trade to $100 Billion

Turkey's Trade Minister Omer Bolat met with United States Trade Representative Jamieson Greer in Washington on December 12, describing the talks as highly productive. According to Hurriyet Daily News, Bolat stated that both nations aim to boost bilateral trade to 100 billion dollars, up from 34 billion last year and an expected 38 billion this year. The discussions covered trade regulations, investment frameworks, and attracting more United States investment to Turkey, where over 2,000 American companies already operate with more than 15.5 billion dollars invested. Bolat highlighted growing cooperation in digital services, energy, aviation, and defense, and noted meetings with senior executives from about 20 major American firms under the United States Chamber of Commerce. Earlier this week, during a Senate Appropriations Committee hearing, Senator Chris Van Hollen sparred with Greer over tariffs, as reported in a YouTube video from the event. Van Hollen challenged Greer's positions on trade policies amid ongoing debates. Greer also addressed the United States-Mexico-Canada Agreement review in comments to Politico, noting it stems from long-standing disputes over autos, agriculture, dairy, digital taxes, and metals, including issues with China. Amid inflation concerns, top Trump officials have threatened to exit the pact, though Canada pushes for a 16-year extension. Greer emphasized significant changes ahead, while Trump indicated openness to tariff carveouts to ease consumer prices. On December 9, Greer shifted the timeline for Chinese soybean purchases under prior agreements, attributing the change to a discrepancy, according to NBC Universal reports. These developments underscore Greer's active role in shaping United States trade strategy with key partners. Thank you for tuning in, listeners. Please subscribe for more updates. This has been a Quiet Please production, for more check out quietplease.ai. For more http://www.quietplease.ai Get the best deals https://amzn.to/3ODvOta This content was created in partnership and with the help of Artificial Intelligence AI.