During a meeting today of the Framework for Strategic and Economic Cooperation Council (FSECC) with Turkey’s Deputy Foreign Minister Ali Babacan, Economic Minister Zafer Cagalayan and US Trade Representative Ron Kirk, Acting Secretary Rebecca Blank announced that the Commerce Department's International Trade Administration will lead an Aerospace and Defense Industry Trade Mission to Turkey in December 2012.
The FSECC was created following the first meeting between President Obama and Turkish President Abdullah Gül in April 2009. The two leaders tasked the U.S. and Turkish governments with creating a framework to help substantially increase the trade and investment flows between both countries. 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.
Acting Secretary Blank also applauded the work that has been done so far to increase bilateral trade between the U.S. and Turkey, but emphasized that much work 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.
Also at the FSECC, Leocadia I. Zak, Director of the U.S. Trade and Development Agency (USTDA), announced that USTDA will host a smart grid workshop in Turkey this winter that will connect U.S. technology providers to the public and private sectors in Turkey.
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