President Erdoğan Calls for Stability and Investment in New York
Speaking at the Friendship Reception in New York, Erdoğan stated that Turkey has an economy resilient against crises and announced the trade target with the US.
Speaking at the 100th Anniversary Friendship Reception held in New York, President Recep Tayyip Erdoğan emphasized that Turkey stands as an island of stability against global crises and reiterated the target to bring the bilateral trade volume with the US to 100 billion dollars.
Economic Resilience and Direct Investments
It was stated that the amount of foreign direct investment attracted to Turkey in the last 24 years has approached 300 billion dollars. President Erdoğan stated that a new investment drive has been launched on this strong foundation.
It was emphasized that the Turkish economy has a structure resilient against strong shocks and that those who invest in the country always come out ahead.
Healing the Wounds of the Earthquake
It was stated that the wounds opened in the cities following the 2023 earthquake disaster were healed in a short time. The region was turned into the world's largest construction site and delivered to the earthquake victims.
It was expressed that more than 455 thousand permanent residences were completed in just three years and cities were rebuilt from scratch.
New Incentives and Tax Reductions
It was announced that with the investment program unveiled in April, one of the world's most competitive incentive packages has been put into practice.
It was conveyed that the Corporate Tax was reduced from 25 percent to 12.5 percent and earnings derived from transit trade in the Istanbul Finance Center and industrial zones were exempted from tax.
Trade Targets with the USA
It was recalled that the trade volume between Turkey and the US has doubled and the ultimate target is 100 billion dollars.
It was stated that important duties fall upon business councils and chambers of commerce for American investors to benefit from the opportunities offered by Turkey.
Versatile Strategic Cooperation
It was stated that they are ready to advance the cooperation established with America in fields such as energy including nuclear and LNG, civil aviation, and high technology.
It was noted that great importance is also attached to the development of the defense industry and trade.