The Embassy's Economic Section monitors and manages economic relations between the United States and Turkey.  The section provides U.S. government agencies in Washington D.C. and other U.S. embassies around the world with accurate, timely, first-hand information and expert analysis on Turkish economic and financial developments.  It supports U.S. economic and commercial interests by informing U.S. economic policy toward Turkey, encouraging further liberalization of Turkish markets, advocating for policies that improve the business and investment climate in Turkey, and promoting bilateral trade and investment.  The Economic Section works closely with other Embassy offices including the U.S. Foreign Commercial Service and the U.S. Foreign Agricultural Service.

Iran Sanctions

New Website on Iran Sanctions

The U.S. Department of State has launched a comprehensive new web portal that compiles U.S. and international sanctions response to Iran’s illicit nuclear activities.  In response to Iran’s illicit nuclear activities, support for terrorism, and abuse of human rights, the United States and other countries have imposed sanctions on Iran.  You can access the web portal.

Also:

• (Turkish) - İran Yaptırımları Hakkında Yeni Websitesi
• Ambassador Ricciardone on Iran Sanctions
• Summary 
• OFAC Home Page 
• UN Info

Specific Projects: Entrprenuership

• Partners for a New Beginning (PNB) is an alliance to foster public-private partnerships that are committed to broadening and deepening engagement between the United States and local communities abroad  (including Turkey) in support of President Obama’s vision for a New Beginning based on mutual interests and respect. Please click here for more information.
• FSECC  is the bilateral Cabinet-level Framework for Strategic Economic and Commercial Cooperation. In December 2009, President Obama established a Cabinet-level Framework for Strategic Economic and Commercial Cooperation (FSECC), jointly chaired by U.S. Secretary of Commerce Locke and U.S. Trade Representative Kirk and by Deputy Prime Minister Babacan and Minister of Trade Caglayan.  FSECC builds on the Economic Partnership Commission (EPC, chaired by the Department of State and Ministry of Foreign Affairs), and the Trade and Investment Framework Agreement (TIFA, chaired by the Office of the U.S. Trade Representative and the Undersecretariat for Foreign Trade).  U.S.-Turkey Business Council (with membership from 8 U.S. companies and 11 Turkish companies), an integral part of the policy discussion within the FSECC, is expected to hold its first meeting in late summer 2011.  The inaugural FSECC meeting was held in Washington on October 19, 2010. 
• The Economic Partnership Commission, chaired by State Department Assistant Secretary for Economic, Energy and Business Affairs Jose Fernandez and Ministry of Foreign Affairs Under Secretary for the Americas Selim Yenel, forms an integral part of our bilateral economic dialog and has focused on moving our discussions to a more strategic level.  Particular attention has been placed on enhancing business-to-business ties, promoting innovation, energy sector cooperation and cooperation between U.S. and Turkish companies in third countries, with particular focus on Afghanistan, Iraq and within Africa.
• Near Zero Zone. The U.S. Department of Energy (DOE) is implementing the Near-Zero Zone project, a demonstration project for industrial energy efficiency in Turkey. This innovative project is being executed in coordination with other U.S. government agencies and with the support of the Government of Turkey. Through a series of cost-effective energy efficiency investments, participating companies will illustrate how energy efficiency can make industry more profitable, reduce dependence on energy imports, bolster energy security, and cut carbon emissions. This project promises to serve as a model for industrial energy efficiency in Turkey and beyond.