Turkey targets $100 billion trade goal with US at ACE BPSC 2026 Summit

At the ACE BPSC 2026 Summit in Istanbul, Turkish officials highlighted the country's growing role in global manufacturing and its strengthening economic ties with the United States. Industry and Technology Minister Mehmet Fatih Kacır stated that Turkey has doubled its share of value-added in the global manufacturing industry over the last 20 years. He noted that annual goods exports rose from $36 billion in 2002 to $283 billion today.

Regarding bilateral relations, Minister Kacır and Trade Minister Ömer Bolat emphasized a shared political will between President Recep Tayyip Erdoğan and U.S. President Donald Trump to reach a $100 billion bilateral trade target. Minister Bolat reported that trade volume reached $38.6 billion last year, with projections suggesting it could hit $50 billion by 2028.

In the technology sector, Minister Kacır outlined ambitious goals to foster a robust entrepreneurship ecosystem. He aims to increase planned industrial areas from 164,000 hectares to 350,000 hectares by 2030. Additionally, the government targets the emergence of 100,000 technology startups by 2030, with a goal for the total valuation of 'Turcorns' (Turkish unicorns) to exceed $100 billion.