For Immediate Release: May 9, 2014
Contact: Tim Truman (202) 482-3809
Commerce Trade Official Concludes Healthcare Trade Mission to Turkey
U.S. Firms Explore Export Opportunities in Turkey, Surrounding Region
ISTANBUL – U.S. Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service Arun Kumar’s first trade mission ended today in Istanbul. Kumar and 17 U.S. medical technologies and healthcare services companies explored export opportunities and potential partnerships with Turkish companies during visits to Ankara, Izmir, and Istanbul.
“Turkey is an important market for U.S. businesses in the health care and technology market.” said Kumar. “This trade mission was a great opportunity for both countries to execute our goals through building successful individual relationships to enhance our broader economic partnership.”
Kumar met with his Turkish government counterparts to discuss resolutions for a variety of market access issues that would increase U.S. export opportunities in Turkey. Kumar also promoted opportunities for foreign investment in the United States, and highlighted the services offered by the International Trade Administration’s SelectUSA program.
U.S. companies participated in 400 one-on-one matchmaking sessions with potential Turkish partners, distributors, and clients during the mission. The delegation also received briefings on the healthcare and medical technology sectors in five regional markets – Azerbaijan, Bulgaria, Georgia, Macedonia, and Romania – from U.S. Commercial Service officers in those posts.
U.S. exports to Turkey in 2013 totaled more than $12 billion, a 70 percent increase in the past four years. Turkey’s Gross Domestic Product tripled in the past 10 years, making it one of the fastest-growing economies in the world today. The medical equipment and supplies market in Turkey is currently a $2.2 billion industry and is projected to be $3 billion by 2015.
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