1、 https:/crsreports.congress.gov Updated January 14, 2021U.S.-Turkey Trade RelationsTurkey, a NATO ally and emerging market straddling Europe and the Middle East, offers potential for U.S. trade and investment. U.S.-Turkish trade ties are relatively weak overall, and their further expansion depends o
2、n a number of economic and political factors. At a time of continued bilateral tension, including over Syria and U.S. sanctions against Turkeys defense procurement agency for its purchase of an S-400 air defense system from Russia, Congress may seek to more closely monitor U.S.-Turkish trade ties an
3、d related policy developments. Turkeys Economy At $754 billion in gross domestic product (GDP, current dollars), Turkey was the worlds 19th largest economy in 2019. After a financial crisis in the early 2000s, Turkeys economy rebounded, due to the Turkish governments market-oriented reforms, strengt
4、hening of the rule of law in commercial markets, and investments in infrastructure. EU membership prospects helped drive economic reforms, but Turkeys EU bid is stalled currently. Turkey continues to face challenges, including concerns about corruption and rule of law, sizeable debt denominated in f
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