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Investing in the U.S.

Bilateral investment between the U.S. and Turkey is a crucial component of our strong economic relationship. As U.S. Ambassador to Turkey Francis J. Ricciardone recently stated, “Greater Turkish investment in the United States will lead to greater Turkish trade with our country - a key priority of Turkey's aspiration to become a Top Ten economy by 2023.”

FDI by the numbers

2013 was a great year for Turkish foreign direct investment (FDI) in the United States. Turkish businesses invested $228 million in the U.S., far surpassing investments in 2012. Favored U.S. sectors for Turkish investment include textiles, metals, ceramics and glass, as well as software and IT services.

 

2010

2011

2012

2013

2014*

Turkey to U.S.

$ 53 M

$ 41 M

$ 139 M

$ 228 M

$ 79 M

U.S. to Turkey

$ 323 M

$ 1402 M

$ 438 M

$ 326 M

$ 125 M

* January to April. Source: Central Bank of Turkey

2013 SelectUSA Summit

Held on October 31-November 1 in Washington, DC, the first SelectUSA Summit was a resounding success with more than 1,300 participants. A delegation of twelve Turkish businesses, including information and communications, agricultural, and service firms, attended the Summit in order to meet with state-level economic development officers and develop their investment plans in the United States.

The next SelectUSA Summit will be held on March 23-25, 2015 in Washington, DC.

SelectUSA Program

During his opening speech at the Summit, President Obama announced the expansion of the SelectUSA program to increase the United States' ability to attract job-creating investments from around the world. The expanded program will link overseas missions to a robust support network at SelectUSA headquarters to ensure that foreign investors have access to timely information and appropriate contacts in municipal, state and federal agencies.