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U.S. Department of State

Great Seal   Secretary of State Madeleine K. Albright
Remarks at Business Signing Event, Conrad Hotel
Istanbul, Turkey, November 16, 1999
As released by the Office of the Spokesman
U.S. Department of State
Blue Line

[As prepared for delivery]

Thank you, Michael Copps. This event is eloquent to testimony to the breadth and strength of the ties between the United States and Turkey. We are partners in good times and bad. We are partners for democracy, peace and stability. And we are partners in fostering economic growth and prosperity for both our nations.

As President Clinton said yesterday, we are focusing on economic cooperation in the fields of energy and irrigation. We are here today to move forward on projects in both areas.

This progress is possible because Prime Minister Ecevit and his government are making important economic and political reforms. And Turkey is becoming a more open and stable society -- and a better place to do business.

As a result, American companies are eager to do business in Turkey -- and Turkey is ready to do business with them. Trade between our nations has increased by fifty percent in the last five years. And there is more to come.

I congratulate all those whose hard work in Ankara, Istanbul, Washington and elsewhere made possible the agreements to be signed here -- and who have contributed to the pipeline agreements we will sign later this week.

I believe this progress marks a new phase in our efforts to build even stronger economic ties between our nations and our citizens. And I pledge all appropriate support for our future commercial cooperation -- and for the whole range of our strategic partnership.

It is now my pleasure to introduce one of the architects of our cooperation in the field of energy, Turkish Deputy Prime Minister Ersumer.

[End of Document]
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