World Bulletin / News Desk
Top economy and commerce officials from Turkey and the United States gathered in a meeting in the Turkish capital, Ankara, Tuesday to devise ways to boost strategic cooperation.
The Second Ministers Meeting of the U.S.-Turkey Economic and Commercial Strategic Cooperation Frame brought together Turkish Deputy Prime Minister Ali Babacan, Economy Minister Zafer Caglayan, and US Commercial Representative Ron Kirk as well as Acting Secretary of Commerce Rebecca Blank.
Speaking in a joint press conference after the meeting, Babacan said goal of the cooperation frame was to raise relations in economy and commerce to their highest level and handling that goal as a strategic issue.
Babacan said the frame included many diverse areas such as trade, investment, finance, energy, aviation, defense, as well as infrastructure investments, adding that the meeting discussed business opportunities in the US for Turkish investors.
Turkish Economy Minister Zafer Caglayan said Turkey and the US had a great potential for cooperation in construction sector to develop projects in third countries.
Caglayan said Turkish and American companies could boost cooperation especially in technical engineering as well as contracting and infrastructure services.
Caglayan said 1,210 American companies ran business in Turkey, adding that US firms had made investments worth of 1.4 billion USD in 2011, placing second after Dutch investors.
Also speaking at the press conference US Commercial Representative Ron Kirk said Turkey and the US had a strong and historical friendship, adding that the future of the relations were promising.
Acting Secretary of Commerce Rebecca Blank, on her part, said that Turkey was a very important country for the US, adding that commercial relations between the two countries deserved a better level.
Blank said energy was a promising sector in which the two countries easily boost cooperation in energy efficiency, production and alternative energy resources.
Turkish defense industry exports increased by 21 percent in January-August period reaching over $1 billion, according to the national association of exporters.
High inflation figures are largely related to food prices, Turkey’s Deputy Prime Minister Ali Babacan said.
Turkish Aerospace Industries handed last four of modernized F-16 fighters to Pakistan in a ceremony in Ankara on Tuesday.
Tuesday's newspapers cover the corruption probe targeting President's Erdogan's son, PM Davutoglu’s unveiling of the new government program as well as more detentions in Turkey’s ‘wiretapping’ sweep.
Turkey's Foreign Ministry urged Israel to withdraw their decision and stick to international law.
'To open the Halki Seminary (historic theological Greek school) is easy, but Greek side should take similar steps,' said President Erdogan.
The Turkish Exporters' Assembly announced a 5.2 percent rise in exports for August.
Turkey’s Foreign Ministry rejected claims about the country’s general consulate staff in Mosul, who have been kept hostage by rebels in Iraq since June 11.
New Prime Minister Ahmet Davutoglu outlined the coming government’s program, highlighting the resolution of the Kurdish question.
The programme put emphasis on a strong economy, envisaging a monetary policy which stepped up the struggle against inflation but also supported growth and employment
Erdogan and Davutoglu, who was appointed prime minister last week, have both made clear that their efforts to curb Gulen's influence will continue in their new roles
Amasya MP Mehmet Naci Bostanci is elected ruling AK Party's new parliamentary group deputy chairman.
Turkey's President Erdogan made his first foreign visit to the Turkish Republic of Northern Cyprus as president on Monday.
Ali Babacan will retain overall responsibility for the economy in the new cabinet, government spokesman Bulent Arinc said
Monday's newspapers cover German weekly Der Spiegel’s claims on foreign spying on Turkey, Turkish intelligence service’s purchase of a lie detector and ongoing construction works of Turkey’s Eurasia Tunnel Project.
Turkey's president Recep Tayyip Erdogan said he will discuss the issue of spying claims on Turjey with American and German leaders at the upcoming NATO summit and U.N. general assembly.