Turkey’s bilateral trade and business relations with the U.S. have improved despite the coronavirus pandemic, a senior Turkish official said Thursday.
“The trade volume rose 3.5% on an annual basis during these extraordinary times when countries are struggling to trade with their partners,” Deputy Trade Minister Rıza Tuna Turagay said during a webinar on the future of Turkey-U.S. trade relations, organized by the Turkish Heritage Organization.
“Our trade volume with the U.S. was $6.4 billion (TL 50.8 billion) back in 2002. We are now talking about a trade volume of $21.1 billion,” Turagay said. “Given the current circumstances, no other country has managed to increase its trade with major trading partners. We have managed to increase the volume of trade with the United States.”
The $100 billion target in bilateral trade set by the two countries is not politically motivated, he added.