American Turkish Business Development Council was founded on March 3rd’ 2016 with the work of prestigious 44 Founding members and commences its business life as a non-profit organization. The Founding Members consist of expert businesspeople, consultants and experienced academians, which is divided evenly between Turkish and American companies.
American Turkish Business Development Council (ATBD Council) is a bilateral trade and investment facilitator. It hosts a cross section of members with interest in these fields. There are 44 Founding Members and 11 of them are Member of Board of Directors. In true bilateral spirit, our membership is evenly divided among U.S. and Turkish members.
ATBD Council’s raison d’entre is the fact that while Turkey is ranked as the 15th most attractive FDI venue worldwide, U.S.-Turkey trade is still less than $20 billion per year. In fact, this trade relationship has grown by less than $2 billion since 2000. This is, in spite of Turkey’s economic growth has averaged 5% per year since 2002, and per capita GDP has grown from $3.000 to $10.000 during this period.
The bilateral relationship, which has centered on defense during cold war, has now become a trade relationship. Turkey’s vibrant growth has induced a remarkable ransition: Turkey’s traditional flagship export, textiles, has been overtaken by automotive parts and accessories. The U.S. is now exporting raw cotton and yarn to Turkey for value added production.
ATBD Council works to uncover new opportunities in bilateral trade and in-vestment not only through traditional means like meetings, conferences and seminars, but also through our broad spectrum of personal contacts. Our Council is not the first of its type; we acknowledge the valuable role played by earlier groups like ABFT and TABA. Yet we know that we are the New Wave.
We can boast several important tactical advantages: First, we are, and will remain, an independent organization without direct ties to governments. This gives us a freedom of operation that some other groups have not enjoyed. Second, our disparate membership means that we can advance our agendas on a broad front, given that we have members with expertise in law, consul-ting, academia, diplomacy, dispute resolution, sustainability, innovation, and of course, international trade. We would like to extend a warm welcome to any persons, groups or companies who may share our interests.