Economic Section
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. |
Selected Activities
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Three Turkish Entrepreneurs Are Among 30 Finalists!
The U.S. State Department-funded Global Innovation through Science and Technology (GIST) Tech-I competition has announced that 3 Turkish entrepreneurs are among 30 finalists: Kimola Enterprise Solutions, NearestNeighbour/KapiKomsum, and Woutique. The final round of the Tech-I competition will be held in Dubai December 10-12, in conjunction with the 3rd Global Entrepreneurship Summit (GES). Winners will be announced at a December 12 awards ceremony.
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Atlantic Council Conference in Istanbul
Ambassador Ricciardone spoke at the opening of the Atlantic Council Conference, Energy and Economic Summit 2012 in Istanbul on November 15. Photos »
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Entrepreneurship Policy Conference
Ambassador Ricciardone: It is a pleasure to be here with you today and an honor to share participation in this program with TOBB President Hisarciklioglu. I would like to thank the Global Entrepreneurship Program (GEP) Turkey... Photos »
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Developing an Entrepreneurial Ecosystem
October 22, 2012 - Dr. Candida Brush, Franklin W. Olin Professor of Entrepreneurship at Babson College, and Dr. Orsan Orge, Bilkent University Assistant Professor of Business, discuss entrepreneurship in Turkey, entrepreneurship education, important factors in developing a strong entrepreneurial ecosystem, and the increasing role of women in the economic sphere. (Listen to podcasts without subscribing by clicking the link for streaming audio or by right-clicking and saving the MP3 file to your computer.) Audio »
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The 2nd annual GIST Tech-I competition
We are happy to announce that seven entrepreneurs from Turkey are semi-finalists in the 2nd annual GIST Tech-I competition. This competition is an opportunity for young entrepreneurs in 49 countries to showcase their science and technology business ideas. Starting November 1st, people in Turkey and around the globe are encouraged to vote for their favorite entrepreneur or new idea by viewing and voting on two-minute video pitches Vote »
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The Near Zero Zone Industrial Energy Efficiency Pilot Project
September 28, 2012 - (Podcast) - Department of Energy Senior Advisor Dr. Srinivas Mirmira discusses the Near Zero Zone Industrial Energy Efficiency Project, a multi-agency collaborative project between the U.S. and Turkey to demonstrate the value of energy efficiency improvements in Turkey’s industrial sector. (Listen to podcasts without subscribing by clicking the link for streaming audio or by right-clicking and saving the MP3 file to your computer.) Audio »
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Turkey's Best of the Best Entrepreneurs Announced
The Global Entrepreneurship Program (GEP) - Turkey selected the best among top entrepreneurs of Turkey. The Global Entrepreneurship Program/GEP chose the best from amongst Turkey’s most successful entrepreneurs. Tom Coleman, of the U.S. Embassy Ankara’s Economic Section, visited and congratulated second-prize winners Kerem Çalışkan and Salih Eren Parlakgümüş. Video »
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U.S.-Turkey Economic Partnership Commission Meets in Ankara, Turkey
Building on a successful year of 34 percent growth in U.S.-Turkey bilateral trade, representatives from the Government of the United States of America and the Government of Turkey met on May 8 in Ankara.
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Assistant Secretary Jose Fernandez with Turkish Entrepreneurs
On October 4, State Department Bureau of Economic, Energy, and Business Affairs Assistant Secretary Jose Fernandez had a working breakfast with a group of prominent Turkish entrepreneurs, academics, and techno-park officials, hosted by Turkey’s Economic Policy Research Foundation. During this meeting, the group discussed Turkey’s entrepreneurial ecosystem and ways to strengthen bilateral cooperation in this important area.
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Turkcell Becomes Turkey’s First Local GEP Partner
On June 22, Ambassador Ricciardone and M. Rifat Hisarcıklıoğlu, Chairman of the Board of Trustees of the Economic Policy Research Foundation of Turkey (TEPAV) and President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), signed a Memorandum of Understanding ...
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U.S. Embassy Ankara Brings First Turkish Delegation to BIO Convention in DC
As part of ongoing efforts to improve the regulatory and investment environment in the Turkish pharmaceutical market, Embassy Ankara organized a first-ever Turkish delegation from Ministry of Science, Technology and Industry, Investment Support ...
Specific Projects: Entrprenureship
- 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.
- The Near-Zero Zone project was implemented by the U.S. Department of Energy (DOE) from January 2011 to September 2012 at the Ataturk Industrial Zone in Izmir, Turkey. This project was executed in coordination with other U.S. government agencies and with the support of the Government of Turkey. Twenty industrial companies from the zone worked with seven energy services companies to identify and implement energy-saving measures within their industrial facilities. Some of the impressive results included an average decrease of 24% electricity usage through projects that paid for themselves in as little as twelve months. The average internal rate of return for the recommended energy efficiency investments was 56%. DOE is now planning to work with Turkey’s High Council of Industrial Zones to develop a technical training workshop for energy managers and financial officers from all of Turkey’s 271 industrial zones as a project capstone event that could take place as early as January 2013.
Announcements
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Building Opportunity out of Science and Technology (BOOST)
We invite you to apply for the Applied Technology Commercialization Program.
The application period closes January 11, 2013
Contact Info
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Address:
U.S. Embassy Ankara
Economic Section
110 Atatürk Blvd.
Kavaklıdere, 06100
Ankara - Turkey
Phone: (+90-312) 455-5555 Fax: (+90-312) 467-0019
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