Acting Commerce Secretary Rebecca Blank Wrapped up Her Visit to Turkey with Concrete Steps to Advance the U.S-Turkish Commercial Relationship
Acting U.S. Commerce Secretary
Rebecca Blank wrapped up her visit to Turkey after co-chairing the second
meeting of the U.S.-Turkey Framework for Strategic Economic and Commercial
Cooperation (FSECC) with U.S. Trade Representative Ron Kirk in Ankara
yesterday. The Turkish delegation was led by Deputy Prime Minister Ali Babacan
and Minister of the Economy Zafer Caglayan.
The FSECC was created following the first meeting between President Obama and
Turkish President Gul in April 2009. The two leaders tasked the U.S. and
Turkish governments to create a framework to help substantially increase the
trade and investment flows between both countries to help strengthen the
economic dimension of our partnership. The meeting focused on
opportunities for increased bilateral trade and investment relations to create
jobs in both countries, and the ministers agreed on several concrete steps to
advance the U.S-Turkish commercial relationship. The Acting Secretary promoted
increased Foreign Direct Investment, including calling for greater Turkish FDI
to the U.S., highlighting Commerce’s SelectUSA initiative. The four
principals made a joint
statement after the meeting.
During the meeting, Acting Secretary Blank announced that the Commerce
Department's International Trade Administration will lead an Aerospace and
Defense Industry Trade Mission to Turkey in December 2012. She also applauded
the work that has been done so far to increase bilateral trade between the U.S.
and Turkey. She emphasized the work that must be done to continue to
advance the U.S.-Turkey trade relationship, such as overcoming market access
barriers, furthering cooperation on intellectual property rights, and enabling
businesses to take advantage of opportunities in key sectors such as renewable
energy, financial services, and infrastructure.