We hope to generate many more such opportunities in the future. Having expressed my government's desire for expanded trade with Turkey, I would be remiss if I didn't raise a few of the commercial issues that threaten the full realization of that expansion. First, U.S. companies tell us that investors need clarification of legal uncertainties, especially in the energy area, before projects can move forward. Concern about the existence of guaranteed access to international arbitration is definitely slowing the flow of investment into Turkey. The issue may become even more serious if the international financial situation further reduces capital available for investment and investors have to make choices.
Concern also lingers over the protection of intellectual property rights.
We look to Turkey to upgrade its protection to ensure full compliance with its international obligations. These and other improvements will certainly enhance Turkey's investment climate. In my meetings with Turkish officials and the private sector this week I have relayed these suggestions. I will continue to raise these issues with my Turkish colleagues, because I believe the potential benefit from economic ties unimpeded by these concerns is worthy of my most strenuous efforts. In conclusion, let me gaze briefly into the future, where I see Turkey, with its energetic population of more than 60 million, and its great wealth of natural resources and flourishing business, as a key trading partner for the United States.