Trans-Atlantic FTA 'acid test' in Turkey-US relations

Trans-Atlantic free trade agreement negotiations between US and EU would be a test of sincerity and commitment in Turkey-US economic relations, head of Turkish chambers union said

Trans-Atlantic FTA 'acid test' in Turkey-US relations

World Bulletin/News Desk

Trans-Atlantic free trade agreement (FTA) currently negotiated between the United States (US) and the European Union (EU) would prove to be a test of sincerity and commitment in Turkey-US economic relations, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Rifat Hisarciklioglu said on Thursday.      

The recent FTA talks between the US and the EU would offer a great opportunity in "taking Turkey-US economic relations to a whole new level", Hisarciklioglu said.      

"Turkey needs to follow the negotiations (between US and EU)," he said. "Turkey's model partnership with the US, as well as its Customs Union ties with the EU, would require that Turkey not be precluded from this process."      

Hisarciklioglu said the process would help Turkey-US economic relations be set on solid ground.      

"US trade delegations coming to Turkey since 2001 have all recommended an FTA between Turkey and the US; now there is an opportunity," Hisarciklioglu said. "The most powerful indicator that would show the US has for the last decade been committed in this respect would be the start of a Turkey-US negotiation process carried out in parallel to the US-EU TAFTA negotiations."           

EU relations 'more fruitful' for Turkey          

TOBB President Hisarciklioglu said steps towards implementing the "model partnership" between Turkey and the US were promising.      

"The economic dimension of Turkey-US relations has become more meaningful with more frequent meetings and concrete developments," he said. "Enhanced cooperation would greatly benefit both societies."      

Hisarciklioglu alluded to Turkey's ongoing economic relations with the EU, saying the EU relations had made tremendous contributions to Turkey's economic transformation.      

"Turkey has engaged more with the EU in its foreign trade, and the majority of foreign direct investment (FDI) into Turkey came from EU states, Hisarciklioglu said.      

"Yet our political and military partnership with the US is incomparable to that with any other country. We desire to reach a level in our economic cooperation with the US that is similar to our relations with the EU."      

 

Last Mod: 23 Mayıs 2013, 16:02
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