After a productive stop in Poland
, Secretary Pritzker traveled to Turkey with CEOs from the Presidentâ€™s Export Council (PEC) to explore opportunities for U.S. firms interested in the market and address outstanding challenges to expanding bilateral trade and investment.
While the United States and Turkey have sustained deep strategic and diplomatic ties for decades, both countries want to expand their economic and commercial relationship. In 2009, President Obama visited Turkey and established the Framework for Strategic Economic and Commercial Cooperation (FSECC) with then-Prime Minister of Turkey Tayyip Erdogan. The two leaders tasked the U.S. and Turkish governments to create a framework to help substantially increase the trade and investment flows between both countries to help strengthen the economic dimension of our partnership. Now, Secretary Pritzker and the PEC CEOs -- serving as commercial ambassadors -- are working to expand and strengthen this relationship through meetings with Turkish government and business leaders in Istanbul and Ankara.
She also stressed three challenges U.S. businesses face in the Turkish market that must be addressed: greater transparency in government procurement; commercial offsets â€“ a policy that forces companies to produce locally; and the ability to obtain Good Manufacturing Practices certification. Ilker Ayci, President of Turkeyâ€™s Investment Promotion Agency, also shared Secretary Pritzkerâ€™s sentiment that the United States and Turkey must work together now to address current obstacles.