Archive for the ‘Turkey’ Category

In a significant diplomatic exchange, U.S. Secretary of Commerce, Gina M. Raimondo, held a productive conversation with Turkey’s Minister of Trade, Omer Bolat, with the aim of reinforcing bilateral and commercial ties between the two nations.   Secretary Raimondo warmly congratulated Minister Bolat on his recent appointment and conveyed the Department’s unwavering commitment to enhancing […]

International Trade, News, Turkey

September 14, 2023

Istanbul, Turkey, is currently the epicenter of strategic discussions and economic collaboration as it hosts the 12th meeting of the Ministers in Charge of Economy and Trade of the Organization of Turkic States (OTS). This significant gathering brings together leaders, policymakers, experts, and officials from Turkic nations to deliberate on crucial economic matters.   The […]

News, Trade Relations, Turkey, United Kingdom

September 14, 2023

The International Trade Council applauds the deepening partnership between TÁ ¼rkiye and the United Kingdom, as underscored by British Foreign Secretary James Cleverly during his recent visit to Ankara. The Council acknowledges the pivotal role that this strengthening alliance plays in fostering international cooperation and enhancing global security.   In a meeting with Foreign Minister […]

Foreign Investments, News, Turkey

August 24, 2023

The International Trade Council acknowledges the recent announcement that TÁ ¼rkiye received foreign direct investments (FDI) totaling $4.8 billion (TL 125.9 billion) in the first half of 2023, as reported by Engin Aksoy, Chairperson of TÁ ¼rkiye’s International Investors Association (YASED). Of this FDI inflow, $2.5 billion was attributed to mergers, acquisitions, or direct capital […]

Economic Development, News, Turkey

June 22, 2023

The International Trade Council (ITC) recognizes the substantial interest rate hike enacted by the Turkish Central Bank as an important move towards more traditional economic strategies to tackle persistent high inflation. The 6.5 percentage points increase to 15% signifies a shift in monetary policy and could be an early indicator of economic recovery. Despite the […]