Economic Section
The Embassy's Economic Section monitors and manages economic relations between the United States and Turkey. The section provides U.S. government agencies in Washington D.C. and other U.S. embassies around the world with accurate, timely, first-hand information and expert analysis on Turkish economic and financial developments. It supports U.S. economic and commercial interests by informing U.S. economic policy toward Turkey, encouraging further liberalization of Turkish markets, advocating for policies that improve the business and investment climate in Turkey, and promoting bilateral trade and investment. The Economic Section works closely with other Embassy offices including the U.S. Foreign Commercial Service and the U.S. Foreign Agricultural Service.
Links
- BuyUSA.gov - U.S. Commercial Service Turkey
- Agriculture - Foreign Agricultural Service
- Department of State’s Bureau of Economic, Energy and Business Affairs
The Bureau of Economic, Energy, and Business Affairs (EEB)'s mission is to promote economic security and prosperity at home and abroad. The Bureau's work lies at the critical nexus of economic prosperity and national security. As the single point where international economic policy tools and threads converge, we help promote a coherent economic policy across the U.S. Government. On this site you will find links and resources for all of these tools and the ways the U.S. Department of State and EEB are engaged to implement U.S. foreign economic policy. - Doing Business in International Markets
The Office of Commercial and Business Affairs (CBA) plays a major role in coordinating trade and investment matters in support of U.S. firms doing business overseas. Our mission is to ensure that private sector business concerns are fully integrated into U.S. foreign and economic policy, and engages U.S. government resources to assist and promote U.S. business interests overseas. - Global Access Initiative for Small Businesses
The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank's mission is to assist in financing the export of U.S. goods and services to international markets. - Overseas Private Investment Corporation
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical world challenges and in doing so, advances U.S. foreign policy. OPIC offers finance and risk mitigation products to private U.S. investors in more than 150 countries, mobilizing the participation of U.S. private capital to support sustainable economic development in emerging markets. They have four funds available for investing in Turkey. - U.S. Small Business Administration
Small business is America's most powerful engine of opportunity and economic growth. That's where SBA comes in. SBA offers a variety of programs and support services to help you navigate the issues you face with your initial applications, and resources to help after you open for business.
Doing Business in the US
- Discover America - Official travel and tourism site of the U.S.
- Invest in America
- Intellectual Property Rights Coordination Center -IPR
- U.S. Food and Drug Administration - Protecting and Promoting Your Healt
Iran Sanctions
The U.S. Department of State has launched a comprehensive new web portal that compiles U.S. and international sanctions response to Iran’s illicit nuclear activities. In response to Iran’s illicit nuclear activities, support for terrorism, and abuse of human rights, the United States and other countries have imposed sanctions on Iran. You can access the web portal.
Also:
- İran Yaptırımları Hakkında Yeni Websitesi
- Ambassador Ricciardone on Iran Sanctions
- Summary
- OFAC Home Page
- UN Info
Selected Activities
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Assistant Secretary Jose Fernandez with Turkish Entrepreneurs
On October 4, State Department Bureau of Economic, Energy, and Business Affairs Assistant Secretary Jose Fernandez had a working breakfast with a group of prominent Turkish entrepreneurs, academics, and techno-park officials, hosted by Turkey’s Economic Policy Research Foundation. During this meeting, the group discussed Turkey’s entrepreneurial ecosystem and ways to strengthen bilateral cooperation in this important area.
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Turkcell Becomes Turkey’s First Local GEP Partner
On June 22, Ambassador Ricciardone and M. Rifat Hisarcıklıoğlu, Chairman of the Board of Trustees of the Economic Policy Research Foundation of Turkey (TEPAV) and President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), signed a Memorandum of Understanding ...
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U.S. Embassy Ankara Brings First Turkish Delegation to BIO Convention in DC
As part of ongoing efforts to improve the regulatory and investment environment in the Turkish pharmaceutical market, Embassy Ankara organized a first-ever Turkish delegation from Ministry of Science, Technology and Industry, Investment Support ...
Specific Projects: Entrprenureship
- Partners for a New Beginning (PNB) is an alliance to foster public-private partnerships that are committed to broadening and deepening engagement between the United States and local communities abroad (including Turkey) in support of President Obama’s vision for a New Beginning based on mutual interests and respect. Please click here for more information.
- FSECC is the bilateral Cabinet-level Framework for Strategic Economic and Commercial Cooperation. In December 2009, President Obama established a Cabinet-level Framework for Strategic Economic and Commercial Cooperation (FSECC), jointly chaired by U.S. Secretary of Commerce Locke and U.S. Trade Representative Kirk and by Deputy Prime Minister Babacan and Minister of Trade Caglayan. FSECC builds on the Economic Partnership Commission (EPC, chaired by the Department of State and Ministry of Foreign Affairs), and the Trade and Investment Framework Agreement (TIFA, chaired by the Office of the U.S. Trade Representative and the Undersecretariat for Foreign Trade). U.S.-Turkey Business Council (with membership from 8 U.S. companies and 11 Turkish companies), an integral part of the policy discussion within the FSECC, is expected to hold its first meeting in late summer 2011. The inaugural FSECC meeting was held in Washington on October 19, 2010.
- The Economic Partnership Commission, chaired by State Department Assistant Secretary for Economic, Energy and Business Affairs Jose Fernandez and Ministry of Foreign Affairs Under Secretary for the Americas Selim Yenel, forms an integral part of our bilateral economic dialog and has focused on moving our discussions to a more strategic level. Particular attention has been placed on enhancing business-to-business ties, promoting innovation, energy sector cooperation and cooperation between U.S. and Turkish companies in third countries, with particular focus on Afghanistan, Iraq and within Africa.
- Near Zero Zone. The U.S. Department of Energy (DOE) is implementing the Near-Zero Zone project, a demonstration project for industrial energy efficiency in Turkey. This innovative project is being executed in coordination with other U.S. government agencies and with the support of the Government of Turkey. Through a series of cost-effective energy efficiency investments, participating companies will illustrate how energy efficiency can make industry more profitable, reduce dependence on energy imports, bolster energy security, and cut carbon emissions. This project promises to serve as a model for industrial energy efficiency in Turkey and beyond.
Contact Info
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Address:
U.S. Embassy Ankara
Economic Section
110 Atatürk Blvd.
Kavaklıdere, 06100
Ankara - Turkey
Phone: (+90-312) 455-5555 Fax: (+90-312) 467-0019
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