Stressing that the process is important for Turkey as well, he said it is also a new economic model, while on the other hand, it contains serious risks. He particularly referred to the European Green Deal, clinched last year, which forms a key plank of the bloc’s plan for the EU to both recover from the economic ravages of the COVID-19 pandemic and meet the goals of the Paris climate agreement, which aims to limit global warming. “The EU accession process, updating the customs union and expanding its scope have become even more urgent,” Olpak said. 21, 2016, assessment, the European Commission proposed revamping the deal.
Turkey is the only non-EU country with a customs union agreement with the bloc. Although the talks have been stalled as a result of political tensions over the last couple of years, business circles and officials on both sides have endeavored to maintain dialogue. Turkish and European officials have over the last couple of years carried out talks on revising the current deal. He said the negotiations, which he pointed out had turned into an “endless story,” should continue no matter what, stressing that the customs union with the bloc must be updated. The DEIK head also elaborated on the relations with the EU and Turkey’s potential membership in the union, the country’s largest trade partner. “The Turkish business world should evaluate this opportunity very well,” he said, noting that they should focus on developments in the Far East, China and the Asia Pacific region. As a result, we believe that the exports of Far Eastern countries will be affected, and the demand for business and investment in Turkey will increase due to its proximity to important markets, especially Europe, and new opportunities will arise,” Olpak said. “We see that the concepts of the supply chain, proximity to the user, accessibility and globalization are gaining importance. Olpak said efforts should be enhanced more on the concept of the global supply chain, noting the need for broader discussions on what could be done regarding the matter. Business Council was assigned to make 100 opinion leaders and decision-makers in the United States friendly to Turkey. “For this purpose, we have initiated a study that matches Turkish companies active in the United States and American companies active in Turkey with the states and constituencies of the members of Congress,” Olpak said.Īs part of another study, named T100, he said the Turkey-U.S. He also emphasized that a state-based communication system should be set up across the U.S. Olpak said the commission would contribute to the process of solving burning issues between the two countries. Business Council (TAIK) proposed establishing a binational commission that would enable easier communication between Turkey and the U.S., help address problems and find ways to cooperate. In a letter to Biden last month, the Turkey-U.S. “We believe that the Turkish private sector should create a common and sustainable resource for lobbying.” as a critical move for Turkey,” the DEIK head said.
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administration we also attach importance to starting the negotiations for the free trade agreement,” Olpak said. “We want the $100 billion trade target to be embraced by the new U.S. He said the business world particularly wonders what will happen to the $100 billion trade goal embraced in July 2019 by President Recep Tayyip Erdoğan and his outgoing American counterpart, President Donald Trump.Īnother important matter is the free trade agreement (FTA) between the two NATO allies, Olpak said, expressing hopes for positive developments on the subject. This is one of our important agenda items ahead.” We wonder what kind of process the new administration will follow. “We are interested in the repercussions of politics on the economy.
“We are looking forward to where our bilateral trade relations will go in the new period,” he said. as well its reflection on the economic ties between the two NATO allies in the days ahead. Olpak referred to the new Biden administration in the U.S.
In an online meeting with economy editors, DEIK Chairperson Nail Olpak elaborated on the board’s evaluations and suggestions for the coming period. Trade blocs in Africa and the Asia Pacific regions, the European Union’s Green Deal, the supply chain and the new administration in the United States will top the agenda of the Turkish business world for the period ahead, the head of the Foreign Economic Relations Board (DEIK) said Tuesday.
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