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BIS, CCC, CE, CERN (observer), COCOM, CSCE, EBRD, ECE, FAO, GATT, IAEA, IBRD, ICAO, ICC, ICFTU, IDA, IDB, IEA, IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC, IOM (observer), ISO, ITU, LORCS, NATO, NEA, OECD, OIC, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIIMOG, UNRWA, UPU, WHO, WIPO, WMO, WTO Diplomatic representation: Ambassador Nuzhet KANDEMIR; Chancery at 1606 23rd Street NW, Washington, DC; 20008; telephone (202) 387-3200; there are Turkish Consulates General in Chicago, Houston, Los Angeles, and New York US: Ambassador Richard C. BARKLEY; Embassy at 110 Ataturk Boulevard, Ankara (mailing address is PSC 88, Box 5000, Ankara, or APO AE 09823); telephone [90] (4) 126 54 70; FAX [90] (4) 167-0057; there are US Consulates General in Istanbul and Izmir, and a Consulate in Adana Flag: red with a vertical white crescent (the closed portion is toward the hoist side) and white five-pointed star centered just outside the crescent opening :Turkey Economy Overview: The impressive stream of benefits from the economic reforms that Turkey launched in 1980 have begun to peter out. Although real growth in per capita GDP averaged 5% annually between 1983 and 1988, recent economic performance has fallen substantially. Moreover, inflation and interest rates remain high, and a large budget deficit will continue to provide difficulties for a country undergoing a substantial transformation from a centrally controlled to a free market economy. Agriculture remains an important economic sector, employing about half of the work force, accounting for 18% of GDP, and contributing 19% to exports. The government has launched a multibillion-dollar development program in the southeastern region, which includes the building of a dozen dams on the Tigris and Euphrates Rivers to generate electric power and irrigate large tracts of farmland. The planned tapping of huge additional quantities of Euphrates water has raised serious concern in the downstream riparian nations of Syria and Iraq. The Turkish economy emerged from the Gulf War of early 1991 in stronger shape than Ankara had expected. Although the negative effects of the crisis were felt primarily in the politically sensitive southeast, aid pledges by the coalition allies of more than $4 billion have helped offset the burden. GDP: purchasing power equivalent -
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