Office of the U.S. Trade Representative
Ambassador Ron Kirk | Executive Office of the President | www.ustr.gov http://r20.rs6.net/tn.jsp?e=001ss98UzWWQ2mt66fQhNruhR28E9iSrN8iSw9F_eC_TUHITz24m9jg9PA99NZDthcvkiAz0fTLAqCzAHT2DovttkG3ovl0ZoUQo8nQaVBFXBM=
Office of Intergovernmental Affairs & Public Engagement | 202.395.6120 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
June 28, 2012
Volume 141 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Announcements for the Week of June 22 - 28 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Joint Statement by the United States and Turkey from the Framework for Strategic Economic and Commercial Cooperation
Acting U.S. Secretary of Commerce Blank, U.S. Trade Representative Kirk, and U.S. Ambassador to Turkey Ricciardone, and Turkish Deputy Prime Minister Babacan and Turkish Minister of Economy Caglayan at the Framework for Strategic Economic and Commercial Cooperation (FSECC) meetings in Ankara, Turkey.
June 26 - Today, United States Trade Representative Ron Kirk and Acting U.S. Commerce Secretary Rebecca Blank co-chaired the second meeting of the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation (FSECC) in Ankara, Turkey. The FSECC is the only Cabinet-level mechanism for discussion of U.S.-Turkish commercial and economic relations. The Turkish delegation was chaired by Deputy Prime Minister Ali Babacan and Minister of the Economy Zafer Caglayan. The meeting focused on opportunities for increased bilateral trade and investment relations, and the ministers agreed on several concrete steps to advance the U.S-Turkish commercial relationship. The four principals made the following joint statement after the meeting.
Read the full statement here http://r20.rs6.net/tn.jsp?e=001ss98UzWWQ2mC4f87AWKhKKK-Q6YYvnnRANmmc5-q4kmgg8bUuqnQjUsSA-zBC762PhcWPgdTq3GyxPklryzsI_hTM7rwjRYEYONHAhOjvS3zg7CVI-HQQt4hTYegJTB6R0Rq7bOkDrD9FWInEtgSCfz5i4i2DFwfzDgD9Sua_X0bsGeKgMk4UxdY3CgLw0BZu2v62hif0M05So1r0TTJxdRSaX9LEd2N6J6RRnXcnf5CITFvV_aWwdSo8JtBqw5BJBBeR_ELL4Yc7anwYgKu6ZK9llIyt5Ov. ================================================================================
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United States Seeks to Eliminate China's Unfair Export Restraints on Rare Earths
June 27 - United States Trade Representative Ron Kirk announced today that the U. S. has requested the establishment of a World Trade Organization (WTO) dispute settlement panel to decide U.S. claims regarding China's unfair export restraints on rare earths, tungsten and molybdenum. The European Union and Japan have also requested the establishment of panels on this matter today.
"These materials are key inputs in a multitude of U.S. manufacturing sectors and American-made products, including hybrid car batteries, wind turbines, energy-efficient lighting, steel, advanced electronics, automobiles, petroleum and chemicals," said Ambassador Kirk. "It is vital that U.S. workers and manufacturers obtain the fair and equal access to raw materials like rare earths that China specifically agreed to when it joined the WTO."
Read the rest of the release here http://r20.rs6.net/tn.jsp?e=001ss98UzWWQ2md1FYIe1WdTDX4aQgwvqnXq0insitCW60t1ahWuvUZKaOomQrQSJcxsyBa3tcIAYXiy9jZ3KPa9EcuuZrcEuh0bLZZm4LX2jGx4aJcmknJfDj3Fpel-CLzYMmqfn86-565470kR7Y-fKkeywmhhYMYzmEyvF8o4IwFs9NFgii4VeL5G-gSOG00ny4zftes80ccG9Xfn_QyDPZuoclqDXy4bXardELFD5rIRYAY8970zoeDmUMYD-Sf. ================================================================================
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USTR.gov ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Weekly Trade Spotlight: U.S.-Turkey Trade and Investment Relations
June 25 - United States Trade Representative Ron Kirk is traveling to the Turkish cities of Istanbul and Ankara with Acting Secretary of Commerce Dr. Rebecca Blank this week to hear directly from stakeholders and attend the second meeting of the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation (FSECC). This trade spotlight highlights the importance of U.S.-Turkey trade and investment relations.
U.S. Trade Representative Ron Kirk and former Secretary of Commerce Gary Locke teamed with their Turkish co-chairs in 2009 to launch the U.S.-Turkey Strategic Economic and Commercial Dialogue (FSECC). By addressing issues including intellectual property rights, investment climate, biotechnology and pharmaceuticals, the U.S.-Turkey trade relationship is maturing and becoming more sophisticated. Developing services such as banking and industries like manufacturing are well positioned to increase in influence and size.
U.S. Trade Representative Ron Kirk delivers remarks at the American Turkish Council's Annual Conference
With a GDP that has tripled since 2001, Turkey's growing economy presents significant trade opportunities for U.S. businesses. Strategically located at the crossroads between Europe, the Middle East, North Africa and Central Asia, Turkey's trade profile is rising at both regional and global levels. This potential is supported by an 8.5 percent economic increase in 2011, second only to China. But Turkey still has not reached its full economic potential, and the U.S. has worked hard to strengthen trade and investment relations that will benefit American businesses and manufacturers for today and the future.
In 1980 two-way trade in goods between Turkey and the United States was around $900 million. In 2011, it was over $20 billion, making it the United States' 32nd largest goods trading partner. U.S. goods exports to Turkey totaled nearly $15 billion in 2011, which represents almost a 39 percent increase from 2010 and a 292 percent increase from 2000. The top U.S. export categories were aircraft, iron and steel, mineral fuel, cotton yarn and fabric, and machinery. Additionally, Turkey is the United States' 10th largest agricultural export market, with 2011 bringing in a total of $2.5 billion. Leading categories of agricultural exports were cotton, wheat, tree nuts, and live animals.
U.S.-Turkey trade and investment relations hold immense promise for the U.S. economy. Turkey's ability to influence economic and political reform throughout its surrounding area, combined with rapid economic growth, has led USTR to work hard to strengthen and improve our already constructive relationship. These efforts will generate new investment and export prospects for American businesses and manufacturers, ultimately creating new jobs and opportunities here in the United States. ================================================================================
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IN THIS ISSUE ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Joint Statement by the United States and Turkey from the Framework for Strategic Economic and Commercial Cooperation
United States Seeks to Eliminate China's Unfair Export Restraints on Rare Earths ================================================================================
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USTR.gov ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Weekly Trade Spotlight: U.S.-Turkey Trade and Investment Relations ================================================================================
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RECENT EVENTS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ambassador Kirk met with Bruno Ferrari, Mexico's Economy Secretary.
Ambassador Kirk and Acting Secretary of Commerce Dr. Rebecca Blank gave remarks at a Union of Chambers and Commodity Exchanges (TOBB) Luncheon. Following the event, they held a brief press availability.
Ambassadors Kirk and Sapiro participated in a roundtable discussion with Turkish business leaders at the Turkish Industry and Business Association (TUSIAD).
Ambassador Siddiqui delivered remarks at the U.S.A. Rice Millers' Association Convention.
Ambassador Kirk and Acting Secretary Blank co-chaired with Turkish Deputy Prime Minister Ali Babacan, the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation (FSECC) Meeting. Ambassador Sapiro participated in the Meeting.
Ambassador Kirk and Acting Secretary Blank participated in the FSECC Press Conference.
Ambassador Kirk, Acting Secretary Blank, and Ambassador Sapiro made remarks at a reception hosted by U.S. Ambassador to Turkey Francis Ricciardone.
Ambassador Siddiqui delivered remarks at the South Dakota Agricultural Trade Summit.
Ambassadors Kirk and Sapiro met with Colombian Minister of Labor Rafael Pardo.
Ambassador Sapiro delivered remarks at an event hosted by the Semiconductors Industry Association (SIA).
Ambassadors Sapiro and Siddiqui met with European Commissioner for Health and Consumers John Dalli. ================================================================================
and Sapiro participated in a roundtable discussion with U.S. business leaders in Istanbul, hosted by U.S. Ambassador to Turkey Francis Ricciardone. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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