Turkish union, US chamber ink deal to boost investments

Turkiye’s Union of Chambers and Commodity Exchanges (TOBB) and the US Chamber of Commerce today signed a memorandum of understanding (MoU) setting a two-year plan to bolster investments in Turkish firms, with a focus on critical sectors such as defence and digital transformation. Turkish Deputy Trade Minister Mustafa Tuzcu, speaking at the signing ceremony, highlighted the importance of the partnership, noting that the US delegation’s two-day visit to Turkiye includes meetings with key stakeholders across various sectors. He underscored the growing economic ties between the two nations. “US companies’ total investments in Turkish firms are now close to $15 billion, while our bilateral trade volume reached a record $34 billion,” Tuzcu said. “Our goal is to achieve $100 billion in […]