Turkey launches trade center in Chicago

Turkey launches trade center in Chicago

Turkey set up a trade center on Jan. 8 in the U.S. city of Chicago to expand Turkish exporters' network and to ensure products exist in target countries with their name, brand and quality, Trend reports citing Hurriyet Daily News.

"The U.S. is among 44 countries where we broke an export record last year," Turkish Trade Minister Ruhsar Pekcan said during the online opening ceremony. "Now, the important thing is to make this momentum we have achieved with the U.S. continuous and sustainable."

Emphasizing the government always strives to provide services in a more institutional way, Pekcan said: "Our trade center model abroad is actually an institutionalization story, offering common opportunities, providing a cost advantage, while providing the promotion of Turkish products."

Pekcan said the global competitive environment is changing every day, with new concepts, institutions and instruments are emerging.

"This leads business people, exporters, policy makers and all relevant economic actors to develop different ways and methods in global competition and be innovative," he said.

Also commenting on the center, Rıfat Hisarcıklıoğlu, the chairman of the Union of Chambers and Commodity Exchanges (TOBB), said the Union's first trade center was opened in Chicago.

Turkey has taken a big step to establish the center because the US is the world's largest importer with an annual volume of $2.5 trillion and it has high purchasing power, he said. "Hopefully Turkish business cycle will enlarge its network in the US different states after having experiences in Chicago."

The city is the production center for US industry, at the junction point of rail, road and seaway networks, he said. "The country buy consumer goods worth $650 billion per year, importing food and beverages worth $150 billion, bringing $70 billion of furniture in its soils."

Stating TOBB placed an area of ​​10,000 square meters for Turkish companies next to O'hare International Airport, where the world's third most intensive air cargo transportation is carried out, he said: "The headquarters and logistics base of many giant companies from the Fortune 500 list are here and Turkish companies will now be in the center of the network.

"With this move, we now say to our companies, 'Come, get a share from this 2.5 trillion dollar market.'"

He also noted more trade centers in markets such as China and India will be established in the future.

Subscribe to Trend in Google News! Subscribe
Share of electricity in Azerbaijan’s total exports down
Share of electricity in Azerbaijan’s total exports down
Azerbaijan reveals petroleum coke, oil bitumen exports
Azerbaijan reveals petroleum coke, oil bitumen exports
Azerbaijan reveals Top 10 oil importers
Azerbaijan reveals Top 10 oil importers
Loading Bars
Latest
Share of electricity in Azerbaijan’s total exports down
Siraf Pars Port in Iran becomes country's major liquid gas exporter
Global food prices rise to highest level over past decade - FAO (Exclusive)
Decree regulating process of charity on part of big business to be issues in Kazakhstan
French 2021 economic growth strongest in 52 years at 7%
Kazakh-Russian copper deposit dev't project approved by Russia's Main Department of State Expertise
Azerbaijan reveals petroleum coke, oil bitumen exports
Buta Airways to resume flights to Mineralnye Vody in February
Turkmenistan sees decline in trade turnover with Azerbaijan
Representative body of Kazakhstan's Nur Otan party updated by 55%
Azerbaijan unveils volume of transactions via Apple Pay
Public councils created under Nur Otan party should become effective platform - Tokayev
Azerbaijani Central Bank not planning to create new legislative base to regulate digital banks
Central Bank discloses Azerbaijan's possible current account balance in 2022
Potential of Nur Otan party wasn't fully utilized at critical moment - Tokayev
Currency rate of Azerbaijani manat to be stable in 2022 - CBA
Military reforms, increasing of combat capability of troops to be priority in 2022 – Azerbaijani defense minister
Dariga Nazarbayeva resigned from Kazakhstan Nur Otan party
Azerbaijan reveals Top 10 oil importers
Azerbaijani CBA forecasts increase in demand for foreign currency
Rothschild & Co eyes creation of special financial zones in Georgia
Azerbaijan increases share of natural gas in exports
Annual inflation to be above target range in Azerbaijan - CBA
Nur Otan Party needs to renew itself - Tokayev
Turkmen enterprise eyes to expand tomato production
Non-OPEC won’t return to pre-COVID levels of oil output
Azerbaijan defense minister expresses condolences to Pakistan
Additional barrels from OPEC+ back to market in 2022 to be less than headline figure
Azerbaijan continues restoration and construction work on its liberated lands
Kazakh president elected chairman of Nur Otan Party
Azerbaijani President Ilham Aliyev awards WCO Sec-Gen with 'Dostlug' order
Global oil demand to surpass pre-pandemic levels this year
Uzbekistan plans to implement new projects jointly with AIIB
After 20 years, privatisation programme in India off to 'Maharaja' start
Armenian troops open fire at Azerbaijani positions in direction of Tovuz district
No talks on currency swap deal between Azerbaijani, Turkish central banks - chairman
Azerbaijan reveals inflation rate for 2021
Buta Airways to start operating flights to Kharkiv in May and increase number of flights to Kiev
Georgia’s Rural Development Agency talks co-op with international agencies in 2022 (Exclusive)
Eni to develop innovative technology for use of CO2
New opportunities for cooperation arose in region after end of conflict between Armenia and Azerbaijan – President Ilham Aliyev
Azerbaijan developing mechanisms for financing business in liberated lands
Uzbekistan sees increase in volume of car exports
Central Bank of Azerbaijan increases interest rate
Integration of arable land at Azerbaijani liberated territories into national crop rotation to improve food security - FAO (Exclusive)
Ukrainian Ministry of Economy discloses trade turnover data with Azerbaijan
Azerbaijan Entrepreneurship Dev't Fund talks soft loans for 2022
Bank of Georgia allocates funds for local solar power plant construction
Turkmen agriculture ministry opens tender to purchase plant protection chemicals
Uzbekistan to reduce methane emissions
Azerbaijan eyes turning local payment system into neo-bank
Uzbekneftegaz JSC, Tatneft PJSC discuss implementation of investment projects
Azerbaijan Entrepreneurship Development Fund unveils volume of soft loans issued in 2021
Georgia shares data on number of plastic cards in circulation
Azerbaijani oil prices down
Kazakh-Chinese oil company extends tender to buy spares for pumps
Azerbaijani doctor discloses most effective way to protect against omicron variant of COVID-19
TCS world's second most valuable IT brand, Infy fastest growing
Azerbaijani President Ilham Aliyev holds videoconference meeting with WCO Sec-Gen (PHOTO/VIDEO)
Uzbekistan establishes export of agricultural products to Latvia
Swiss train manufacturer eyes building factory in Georgia
Azerbaijan launches Tableau program for analyzing indicators of import, export operations
Azerbaijan preparing action plan within "Peace for Culture" initiative - ministry
Turkmenistan proposes to include Turkmenbashi Port in INSTC
Azerbaijan, Georgia to conduct joint tourist trips
Robinhood posts $423 mln net loss, shares sink after hours
MOEX index up 1.23% at trade start
Toyota remains world's biggest car seller, widens lead on VW
Azerbaijani currency rates for January 28
Germany’s RBC Consulting eyes expanding co-op with Azerbaijani companies
Oil heads for sixth weekly gain amid supply concerns
India's gold demand to keep rising after big jump in 2021: WGC
Number of cyberattacks on Azerbaijani companies tripled in 2021 - Span Azerbaijan
Kyrgyzstan reports about 11 servicemen injured as result of conflict on border with Tajikistan
Australia drugs regulator approves COVID-19 boosters for 16- and 17-year-olds
We will solve everything through negotiations, peacefully - Kyrgyz president about conflict on border with Tajikistan
Croatian companies preliminary talks on investment opportunities in Azerbaijani liberated territories - ambassador (Interview) (PHOTO)
Iranian National Soccer Team wins its way into World Cup
Situation on Kyrgyz-Tajik section of state border is stable
Three more citizens of Kyrgyzstan injured as result of conflict on border
Turkey's daily COVID-19 caseload hits new high of 82,180
3 police officers shot in U.S. Houston, suspect at large
Brazil's top court subpoenas Bolsonaro in leaked documents case
Morocco extends health emergency state until Feb. 28
Kyrgyzstan and Tajikistan agree on ceasefire and military withdrawal from border
N.Korea confirms latest weapons tests
Kyrgyzstan evacuates 1,470 residents from villages bordering Tajikistan
Jordan says 27 drug smugglers killed at border with Syria
Turkish 'kindness train' departs for Afghanistan with 748 tons of aid
Representatives of Kyrgyzstan and Tajikistan hold meeting on incident at border
EMA conditionally approves Pfizer's COVID-19 pill
Georgia – Uzbekistan trade turnover up
Tajikistan reports civilian casualties as result of incident on the border
Kyrgyz Border Service: Tajik side again violated bilateral ceasefire agreements
Tajik side does not cease fire and continues to pull up military equipment, personnel
Turkey calls for thaw in Ukraine - Russia tensions
Civil protection services of Kyrgyzstan transferred to emergency mode
Tajikistan pulls heavy equipment to the border - State Committee for National Security of Kyrgyzstan
Five Tajik citizens injured in conflict on border with Kyrgyzstan
Iran, Uzbekistan to develop transit ties
All news