Turkey and the United States are developing a renewed strategy to enhance bilateral trade and move closer to their longstanding goal of $100 billion in commerce, with a focus on deepening cooperation across vital sectors such as automotive and nuclear energy.
The Foreign Economic Relations Board of Turkey (DEİK) and the Turkey-U.S. Business Council (TAİK) have initiated efforts to revise a joint trade roadmap initially developed with the Boston Consulting Group in 2019–2020. The updated plan is designed to reflect changing global conditions and reinforce private-sector collaboration between the two NATO partners.
According to officials, TAİK has consulted business leaders from both Türkiye and the U.S. to identify opportunities in key sectors such as white goods, textiles, apparel, automotive, shipbuilding, tourism, technology, electronics, and nuclear energy.
President Recep Tayyip Erdoğan’s recent visit to New York for the 80th U.N. General Assembly and his meeting with U.S. President Donald Trump in Washington marked a revitalization of ties between Türkiye and the United States.
During the visit, both leaders explored ways to progress toward the $100 billion trade goal and oversaw the signing of a Strategic Civil Nuclear Cooperation Memorandum of Understanding, for deepening cooperation in nuclear energy and cutting-edge technologies.
The United States continues to be Türkiye’s second-biggest export market and the fifth-largest supplier. Turkish businesses have expanded their presence in the U.S., with total investments reaching $13.2 billion, while American companies have invested $15.7 billion in Türkiye.
Over 2,000 U.S.-backed companies are currently active in Türkiye, with growing interest in sectors like technology, defense, logistics, and energy. At the same time, Turkish firms are ramping up long-term, high-tech initiatives within the U.S. market.
Industry leaders believe the revised roadmap will direct investments toward emerging sectors like cybersecurity, renewable energy, and digital innovation, while also fostering collaborative ventures in third countries.
Experts highlight that the ongoing growth in trade and investment signals a shared commitment by both governments to deepen economic engagement alongside strategic partnerships in defense and regional stability.
MOST POPULAR | Trump Unveils 100% Tariffs on Chinese Imports in Retaliatory Move
