ISTANBUL
The $100 billion trade volume target between Türkiye and the US "continues to be our common goal," said President Recep Tayyip Erdogan on Monday.
Speaking at a Turkish investment conference in New York organized by the Türkiye-US Business Council, Erdogan said he believes Ankara and Washington will reach a $100 billion trade target with the support of the private sector and new investment initiatives.
Stating that the bilateral trade volume is growing every year, Erdogan noted that in 2024 it exceeded $35 billion.
Türkiye-US defense industry cooperation must be freed from obstacles and restrictions as soon as possible in line with the spirit of alliance, he said.
There are many steps we can take in this area, such as developing new projects, supply chains, and joint production, in line with mutual interests, Erdogan underscored.
Stressing their determination to use bilateral mechanisms more effectively in the coming days on all matters that could hurt Türkiye's trade, the president said, referring to recent global tensions over tariffs: "We hope that additional customs duties based on reciprocity will not diminish the momentum gained in trade. We are acting very sensitively on this issue.”
"We expect the momentum in bilateral ties to accelerate by exploring cooperation opportunities in sectors including energy, cyberspace, and space," Erdogan highlighted.
"We continue to take steps to strengthen a transparent, competitive, secure market environment that will make Türkiye more attractive to investors," he noted.
Türkiye's strong logistics infrastructure, modern ports, and advanced highway and railway networks make it a strategic hub for investors, he added.