u.s. department of commerce

The U.S. Department of Commerce is bringing more than 120 U.S. businesses to Europe and Eurasia for the 14th annual Trade Winds as Türkiye and the U.S. seek to boost bilateral trade to $100 billion.

This year's Trade Winds centers around a three-day business forum from May 13-15 in Istanbul.

Addressing the EmpowerHer 2024: Elevate to Excellence Conference, outgoing Deputy Prime Minister and Foreign Minister Mariya Gabriel emphasized the crucial need to prioritize women's contributions and leadership in fostering an innovative ecosystem supportive of creativity, innovation, and entrepreneurship.

The bilateral trade volume between Türkiye and the United States may increase from last year's $30 billion to $35 billion thanks to positive developments in diplomatic relations, says Murat Özyeğin, the chairman of the Türkiye-U.S. Business Council (TAİK).

Trade Minister Ömer Bolat spoke with U.S. Secretary of Commerce Gina M. Raimondo to discuss bilateral and commercial ties.

In a phone call on Dec. 9, Raimondo congratulated Bolat on his appointment and affirmed the department's support for increased U.S.-Türkiye commercial engagement, according to the statement from the U.S. Department of Commerce.

Ayşegül Timur, a Turkish professor, has created history by becoming the first Turkish rector of the U.S.-based university Florida Gulf Coast University (FGCU).

FGCU voted to appoint Timur as their rector. Therefore, Timur became both the first Turk to become the rector of a university in the U.S. and the first female rector of the university.

The United States has announced new export controls aimed at restricting China's ability to buy and manufacture high-end chips with military applications, stepping up tensions between the countries.

One Russian and three Bulgarian citizens face criminal charges in the United States for illegal export of strategic technologies to Russia, the US Justice Department reported. The names of the Bulgarians are Dimitar Dimitrov, Milan Dimitrov and Mariana Gargova, and the Russian is Ilias Sabirov, TASS reported.