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The winner will be the sector which provides safe supply chain and service: DEIK

American Turkish Council (TAIK) and Foreign Economic Relations Board (DEIK) organized a seminar within ‘’Translatic Talks” webinars; the subject of the seminar was ‘’What to expect from post-election commerce of America: Impartial factors that will affect trade partners’’.

The commerce relations between USA and Turkey were the subjects of the seminar whose moderator is Joe Garcia, vice president of Mercury. Nail Olpak, president of DEIK, Seymur Tarı, vice president of TAIK, Fred Hockberg, former president of USA Export-Import Bank (EXIM Bank) and the writer of ‘Trade is not a Four-Letter Word’ were the participants of the seminar.

Olpak mentioned about his jobs apart from DEIK in his speech, such as; Turkish Eximbank and board membership of Turkcell, he said:

‘’Globalization has been an ongoing argument for years; we also started to focus on localization and the indigenization of globalization due to the pandemic. Our working styles, daily habits, roles of different sectors, such as; finance sector and central banks roles are all changed. Central banks have started a programme that directly supports investments; this was not a possibility in the past.’’

‘’It is not convenient to rely on and work for only one big supplier.’’

Olpak also mentioned other developments happened due to the pandemic, he stated:

‘’We were talking about scale economic and competition and now we realize that it is not convenient to rely on and work for only one big supplier. We determined the distance and value as criteria and now we realize that availability is the issue. I would like to comment that we do not know which sector will improve; I think that the winner will be the sector which provides safe supply chain and service.’’

”I am content with the 100 billion dollars trade value between Turkey and USA”

Fred P. Hochberg said that he has been to Turkey many times and had studies with Turkish Airlines before, he said:‘’ I saw the powerful and successful relations between Turkey and USA when I visited Turkey; I had the stability and desire to improve our relations more when I was the president of Eximbank.

I am content with the 100 billion dollars trade target between Turkey and USA; it is nearly 5 times more increase compared to our current level of trade. Trade balance and trade gap were an ongoing issue while I visited Turkey; I mentioned this in my book already. I think that we will be able to protect our improvements to 100 billion dollars trade target against the trade gap obstacle.’’

Fred P. Hochberg also stated that the strong economic ties of USA and Turkey will contribute on trade too, he added:

‘’Perhaps a little amount of trade gap from Turkey or USA can realize a strong economical partnership, so we should render the possibility; that is why studies of TAIK contents us. We believe that trade and relations between USA and Turkey should be more powerful. There also should be more educational and cultural exchange programmes in order to strengthen these ties. ‘’

Hochberg also stated that supply chains should be more innovative and durable after the crisis of the pandemic.

”I hope there will be more opportunities to transact business in the future”

Seymur Tarı reminded the direct dialogue of Erdogan and Trump earlier in the week, he said:

‘’ They stated that there will be more meetings in order to discuss what to do to improve the trade to 100 billion dollars. We know the meaning of this for the economies of Turkey and US; it is predicted that the realization of this trade target will bring a power to our alliance with USA, increase in economic welfare, contribution on territorial and global stabilization. I hope there will be more opportunities to transact business in the future.’’

source: AA / translated by Bazaar Team

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