1/4 Following the monitoring process going on since last August, the US government officially declared that it will terminate GSP designations for Turkey and India.
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2/4 The value of US imports amounted to 20,9 billion $ under its GSP scheme in the first 11 months of 2018. With exports amounting to 1.74 billion $, Turkey was the fifth largest supplier to US with a share of 8.2%.
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3/4 Unfortunately, this decision conflicts with our mutual objective of reaching a bilateral trade volume of 75 billion $, that had been announced by both governments. The decision will also negatively affect US SMEs and manufacturers.
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4/4 We still would like to pursue our target of increasing our bilateral trade with the US that we see as our strategic partner, without losing any momentum.
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