Thirty eight top executives from 12 US companies in the fields of textile, energy, defence, security and finance will meet representatives from Turkish firms in Istanbul this month. The US delegation led by former US secretary of the interior Ryan Zinke will discuss joint investment and cooperation with Turkish counterparts with focus on joint production.
US companies investing in energy, textile technologies, cyber and physical security technologies will sign contractual agreements with their Turkish peers supporting investment, joint ventures and sectoral growth within the scope of the US-Turkey Business Roundtable CEOs meeting, to be held in Istanbul on July 23-24, according to Ugur Terzioglu, head of the American Turkish Business Development Council (ATBDC).
The target of $75 billion in trade volume between the two countries set by President Recep Tayyip Erdogan and President Donald Trump, was raised to $100 billion at the last meeting of the two leaders.
The US companies include COX Oil, an oil and gas company, and 7th Generation, a textile and fibre recycling technology company, according to a Turkish newspaper report.