Skip to content

Subscriber Only

Deals

U.S.-Turkey Dispute Poses Serious Threat to Trade, Group Warns

‘Deep impact’ seen as Washington, Ankara suspend visa services
Tension follows arrest of Turkish national on coup allegations

Bloomberg business news — Visas Suspended, U.S.-Turkey Relations Deteriorate

By

October 9, 2017, 12:14 PM UTC

A growing diplomatic dispute between the U.S. and Turkey could have a “deep impact” on trade, according to a group that promotes bilateral commerce and that called for both sides to defuse the standoff.

The decisions by Washington and Ankara to suspend visa services for each other’s citizens create headaches for U.S. companies with significant business interests in Turkey, ranging from Ford Motor Co. to General Electric Co., Coca-Cola Co. and Citigroup Inc., as well as their Turkish counterparts in the U.S.