Turkey is to promote participation in the proposed free trade agreement between the United States and Europe, it can also be excluded and hinder its ambitions to become the top 10 economies, it was concerned that in the next decade.
On the agenda of the meeting between U.S. President Barack Obama and Turkish Prime Minister Recep Tayyip Erdogan on Thursday trade. Turkish leaders fear that the deal could hurt the business of his country in Europe and the United States.
Erdogan earlier this year wrote to Obama to improve the impact of such transactions on Turkey, most of the trade is with the European concern, and urged Washington to work in parallel, a similar deal with Ankara, Turkish officials said.
"Because the United States to pursue new trade and investment partnership with the EU, I want to make sure we keep our economic relations continue to deepen cooperation with Turkey, Obama said:" Erdogan a joint press conference at the White House.
He said that any form of free trade agreement with Turkey to discuss an abrupt end, but said Washington and Ankara created a "new high-level committee, aimed at increasing mutual trade and investment.
Washington and Brussels in July on the proposed trade agreement is expected to begin negotiations and hope to be completed in one to two years. If successful, the final agreement will cover half the world's economic output, about one-third of global trade.
Turkey and the EU Customs agreed to with the European Union signed a trade agreement with a third country to get automatic access to the Turkish market, but Turkey did not get the same reciprocal of its exports.
Turkish government official said: "We have been suffering because of a free trade agreement between the EU and third countries signs ... we were asked to provide the exact similar facilities, and then we have an uphill battle,".
"This is why we call on the United States and the European Union: If you want to create a trans-Atlantic economic space, then Turkey should definitely be part of it."
Several options under discussion, the official said, including a separate bilateral agreement, the United States or Turkey in the EU accession negotiations at the table on a seat, a diplomat said, although this seems unlikely.
EU diplomat said: "I understand Turkey's concerns, we have a customs union with Turkey, our economy greatly integration. Agreement like this will have consequences for Turkey,".
"I know that Turkey wants to discuss how to move forward bilateral relations with the United States, I think this is normal," the diplomat said.
Carol Guthrie, a spokesman for the U.S. Trade Representative's office, said that Turkey and the United States, the new committee will evaluate the Washington discussions with the EU on the impact of its trade relations with Turkey, but does not comment on whether separate with Ankara transactions may be explored.
Erdogan said that trade with the United States more than doubled, to $ 2.0 billion from $ 800 billion dollars, when he first came to power a decade ago, but said that still need to further promote.
"Has enormous potential in many areas," said a source close to the Government of Turkey.
The United States has not for many industries and products, even the European Union, with which we have a customs union, the applicable quota. "
Other News:
Turkey seeks seat at U.S.-EU trade table
Dollar firmer on Fed remarks, Asian shares mixed
Greek PM in China seeking investment, trade deals
Japan's first-quarter growth beats forecasts as first stimulus effects felt
‘Angry’ Obama says acting IRS chief fired over conservative targeting
Google challenger in Vietnam redirecting queries
Geneva auction sells nearly $5M of actress' jewels
Beyond the reach of banks, Indians targeted by outlaw fund scams