Le Lézard
Classified in: Science and technology, Business
Subjects: TDS, FOR

UNGA: ERDOGAN HOLDS CLOSED-DOOR INVESTMENT TALKS WITH TOP U.S. EXECUTIVES, FOLLOWING TURKISH TECH INDUSTRY EVENT AT META


TA?K hosted President Recep Tayyip Erdo?an and top Ministers in a discussion with Amazon, Meta, SpaceX, Boeing and others, on same day as its conference co-hosted with Meta on Türkiye's burgeoning tech industry and bilateral economic relations

NEW YORK, Sept. 22, 2022 /PRNewswire/ -- The Türkiye-U.S. Business Council (TA?K) yesterday hosted its first ever Türkiye Business Roundtable, a closed-door, intimate forum for Türkiye's political leadership and decision-makers from top businesses in the U.S. and Türkiye to discuss bilateral trade and investment. Türkiye's President H.E. Recep Tayyip Erdo?an led the discussion, joined by top cabinet members. The Roundtable featured participation from Amazon, AmerisourceBergen, Boeing, Citigroup, Coca Cola Company, General Electric, Ford, Goldman Sachs, Meta, Pratt & Whitney, and SpaceX, and took place over dinner at Cipriani 42nd Street.

A rare and important discussion, all attendees had the opportunity to speak candidly with Türkiye's President and senior cabinet ministers about opportunities and obstacles for deepening trade and investment between Türkiye and the U.S.

Türkiye has attracted over $14 billion in FDI inflows from the U.S. in the last two decades, including from the world's leading companies. Today, Türkiye hosts more than 2,000 American companies looking to tap into its growing market, vibrant consumer base, and strategic location at the crossroads of Europe and Asia, Africa, the Caucasus, and the Middle East.

The Roundtable followed a first-of-its-kind Turkish tech conference held at Meta's New York offices, and jointly hosted by TA?K and Meta. At the conference, Turkish and U.S. firms discussed collaboration, joint innovation, and bilateral investment. In a keynote speech, Turkish Minister of Trade Mehmet Mu? said, "we are certain that economic cooperation can always be a prevailing positive in Türkiye-U.S. relations. Our business communities can drive our relations and stimulate dialogue." Minister of Industry and Technology Mustafa Varank said that Türkiye has an enabling business environment, much of which is untapped by U.S. investors. John Medel, Coinbase's Chief Policy Officer, shared his view that the Turkish opportunities are large-scale and exciting, and that U.S. investors should visit and connect. The event was held under the umbrella of the 12th Annual Türkiye Investment Conference (TRICON).

In recent years, Türkiye has grown into an exciting technology hub, with Meta/Facebook, Google and Oracle investing, alongside Tesla's plans for a strategic launch of EVs in the country and Amazon's plans to build a logistics base in Türkiye. Türkiye's start-up industry has grown rapidly ? attracting global recognition, investment, and billion-dollar valuations. In just two years, the country has given birth to 5 unicorns and the top decacorn in Europe.

"Last year, bilateral trade between the United States and Türkiye increased by about 30%. Türkiye may become the single largest U.S. LNG importer in the world in the coming years. As TA?K, we are prepared to lead integration into U.S. supply chains and create partnerships between Turkish and American firms in Africa and Central Asia," said TA?K Chairperson Mehmet Ali Yalç?nda?. "On the other hand, we need to take steps to eliminate obstacles like Section 232. These protective instruments against U.S. allies are clouding our business ties and increase costs, hence creating more inflation ? including in the U.S. We believe that business should always be separate from politics, like Türkiye's with the U.K. and Israel, because our business ties can only become a facilitator for good things. As allies, we should do more in business and trade ? not less."

TA?K is a member of the Foreign Economic Relations Board of Türkiye (DE?K), an umbrella organization with a mission of business diplomacy. DE?K President Nail Olpak said, "We are committed to supporting stronger bilateral economic relations. We plan to grow into a destination of choice for investment across myriad sectors, and one of the most exciting prospects for Türkiye is hosting cutting edge tech activity and serving as a hub for global tech-driven trade."

As the oldest and the largest bilateral trade organization in Türkiye, TA?K has been committed to strengthening economic relations between the United States and Türkiye since 1985.

SOURCE The Türkiye-U.S. Business Council (TA?K)


These press releases may also interest you

at 12:01
Concordia University, a leading public research university in Montreal, has announced it has entered into a sustainability linked financing deal with BMO Financial...

at 12:01
WBCSD today announces today that ManpowerGroup has joined over 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD).  In joining WBCSD, ManpowerGroup will collaborate with other...

at 12:00
United® Real Estate Group today announced for the first time in the company's history its annual sales volume exceeded the $35 billion threshold in the twelve-month period ended August 31, 2022. Additionally, according to third-party aggregated MLS...

at 12:00
RevZilla, the largest digital platform for moto-enthusiasts worldwide, is celebrating the grand opening of its new location in Southern California. This is RevZilla's first California retail location and the brand's fourth store nationwide. The new...

at 12:00
Glancy Prongay & Murray LLP ("GPM") announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Lottery.com Inc. f/k/a Trident Acquisitions Corp. ("Lottery.com" or the "Company") . Class...

at 12:00
Acumatica, the world's fastest-growing cloud ERP company, has named Jim Desler as its vice president of communications. Desler will lead the company's integrated communications efforts in this newly created role, bringing over 20 years of experience...



News published on 22 september 2022 at 18:26 and distributed by: