Chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Rifat HisarcÄ±klÄ±oÄŸlu said on Tuesday in Washington at the press meeting after his visit to the US Chamber of Commerce that Turkey should follow a state-based policy in order to develop its economic relations with the United States.
Stating that despite the increase of trade ties between Turkey and the US in recent years, there is an unbalanced situation impeding Turkey, HisarcÄ±klÄ±oÄŸlu said, â€œWe have 26 business councils in 26 European countries, whereas we have only one with the US. However, the economic size of North Carolina is equivalent to Swedenâ€™s while Rhode Islandâ€™s is to Bulgariaâ€™s, Californiaâ€™s to Italyâ€™s, Texasâ€™s to Russiaâ€™s and New Yorkâ€™s to Australiaâ€™s. Therefore, in order to improve our bilateral trade relations, we need to have state or even city and sector-based policies.â€
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