Received Date: 21/05/2020 • Accepted Date: 16/06/2020
The United States of America (U.S.) and the Republic of Turkey have enjoyed a strategic relationship as allies of the North Atlantic Treaty Organization (NATO) for approximately 70 years and share a history of bilateral cooperation dating back to the Ottoman Empire. The overall relationship has ebbed and flowed in recent years due to political, diplomatic, and military disagreements. Despite some discord, U.S.-Turkey commercial relations have held steady and even increased to back-to-back historic levels in 2018 and 2019, reaching a bilateral trade volume of $25 billion in goods1 and services.2 It is within this context that in 2019, U.S. President Donald J. Trump and Turkish President Recep Tayyip Erdoğan reinvested in the promise that enhanced economic and commercial integration holds for the United States and Turkey, setting an ambitious bilateral trade goal of $100 billion.
