Bollat: US-Turkey trade to hit $50B by 2028
Turkish Minister of Trade, Omer Bolat, expected the trade value between Turkey and the United States to reach approximately $43 billion in 2023 and to grow to $50 billion by the end of 2028. He pointed out that the economic relations between the two countries have seen significant development over the past two years, with around 2,300 American companies investing in Turkey, totaling $16.5 billion, while Turkish companies' investments in the United States amounted to about $14.5 billion. The two nations aim to raise bilateral trade to $100 billion, with projections of reaching $43 billion this year and $50 billion by 2028, amidst strong relations spanning various sectors such as defense, energy, tourism, and joint investment.
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