Bilateral TradeThe U.S. and Turkish governments are looking at ways to increase bilateral trade from $20 billion to $75 billion annually. The United States Trade Representative has prioritized market access for remanufactured goods in recent negotiations, and AEM recently submitted a letter in support of this effort.

Currently, Turkey upholds an outright ban on the import of used goods, but makes no distinction between used and remanufactured goods. If the Turkish government allows for the importation of remanufactured goods, a market in excess of $100 million annually will be created for U.S. remanufactured goods. Such a policy shift will provide Turkish customers the option for lower owning and operating costs on equipment while advancing both countries' shared goal of reaching $75 billion in annual two-way trade. 

AEM is committed to helping our industry grow around the globe. To learn more about this issue or other industry market access priorities, please contact AEM’s Alex Russ at aruss@aem.org or (202) 898-9006.

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