US Vice President Joe Biden said that Turkey and the US would work on a Free Trade Agreement. Biden told at the round table meeting organized byUS Chamber of Commerce that US would keep Turkey informed on every step of the negotiations with the European Union for the Free Trade Agreement (FTA) which would be signed between the US and the EU. The promise of Turkey, and its significant potential, continued economic growth were reasons for every American to take some solace as it was overwhelmingly in the naked self-interest of US, said Biden. As per the Customs Union Agreement Turkey had signed with the EU, Turkey needs to apply the same tariffs as the EU to industrial products imported from third countries. The country will be obliged to lower customs duties in line with a potential FTA the EU will sign with the US, but it will not benefit from similar tariff reductions that will be made by the US as Ankara is not a member of the EU. High Level Working Commission to liberalize trade between Turkey and the US Turkish Economy Minister Zafer Caglayan said Turkey and US agreed on establishing a High Level Working Commission to liberalize trade between the two countries. Caglayan said that decision to establish working commission came as part of talks between Turkish Prime Minister Recep Tayyip Erdogan and US President Barack Obama in Washington today. The commission will evaluate the impact of a possible Transatlantic Trade and Investment Cooperation Agreement between the US and the EU on Turkey and would work to boost economic relations between Turkey and the US, Caglayan said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor