September 27, 1999
further information please contact:
Daniel Cruise or Curt Cultice (202) 483-3809
AND TURKEY DISCUSS EARTHQUAKE RECONSTRUCTION
Washington D.C., United States Under Secretary for International
Trade, David L. Aaron, and Turkey's Undersecretary for Foreign Trade,
Kürsad Tüzmen, co-hosted an informational meeting to discuss earthquake
reconstruction in Turkey.
Participating U.S. Agencies included the U.S. Export - Import Bank,
the Overseas Private Investment Corporation, and the Trade and Development
Agency. Each presented reconstruction programs aimed at meeting
Turkey's post-earthquake needs. Over 60 private sector participants
attended from both the U.S. and Turkey. Under Secretary Aaron stated
that such high interest is indicative of "the strong impression
the events in Turkey have made in U.S., and our determination to
help in any way we can. American firms can and will make a significant
contribution to reconstruction. Once reconstruction is completed,
we see great potential for even further expansion of U.S. investment
in Turkey as Turkish economic reforms take hold."
Under Secretary Tüzmen expressed his appreciation for the United
State's assistance immediately following the earthquake. "The significance
of increased exports is that they act as an instrument to recover
losses from the earthquake and to maintain macro-economic balances.
We are pleased with the development of trade and economic relations
between our two countries," he said. "It is of great importance
for the U.S. and Turkey to continue the advancement of trade on
a mutually beneficial and balanced basis," Tüzmen added.
Both Under Secretaries Aaron and Tüzmen encouraged the U.S. - Turkey
Business Development Council (BDC) to become the focus for both
the business communities to provide reconstruction services.