Turkey: Becoming a Stronger Partner for America Through Growing Integration with Europe

Unsatisfied with the low performance of commercial transactions between two countries, Turkey launched the Trade Development Strategy with America in 2006. This is an extension of the Trade Development Strategy with Neighboring and Surrounding Countries, initiated in 2000 by the Undersecretariat of Foreign Trade. >>

Turkey is one of the fastest growing economies in OECD 

A manufacturing center and the energy hub of the region, in 2004 Turkey attracted approximately $3 billion FDI. In 2005, $10 billion, in 2006 $20 billion and in 2007, just under $22 billion. Last year, Turkey was 13th in the world in terms of FDI and fifth among emerging markets. The international image of Turkey in terms of a destination for investment is generally shaped by the diverse market opportunities, both domestic and export-oriented, that Turkey offers. At the end of 2006 Turkey had the world’s 17th-largest economy and the 6th-largest in the E.U., with continual GDP growth of 7.4% - one of the highest levels of growth on the continent. The potential of the markets covers over one billion consumers, including: a huge and growing domestic market (approx. 72 million); high-income European markets (approx. 600 million); emerging Russian, Caucasian and Central Asian markets (approx. 250 million); diverse and expanding Middle East and North Africa markets (approx. 160 million). >>