Pazartesi, 18 Kasım, 2024
12°C
Pazartesi, 18 Kasım, 2024
12°C
Turkey is a large, rapidly developing country with a domestic consumer market of 80 million people. Over the last decade, Turkey has been aligning its regulations in anticipation of eventual EU membership, and its existing Customs Union with the EU currently offers significant opportunities for UK companies across a broad range of sectors.
Turkey is big - with an area of 300,950 m2. It borders Greece, Bulgaria, Armenia, Georgia, Iran, Iraq and Syria with easy land and sea access to the Gulf States, Near East and North Africa. As a result, there are opportunities for collaboration with Turkish companies to do business in third markets such as Central Asia and South Caucasus.
BENEFITS FOR UK BUSINESSES
Benefits for UK businesses exporting to Turkey include:
HIGH-TECHNOLOGY PRODUCTS
The bulk of Turkey’s economy is made up of a diversified services sector including real estate, tourism, financial services, education and health. Industry continues to play an important role, particularly in manufacturing which accounts for a large proportion of Turkish exports to Europe in the form of household goods e.g. Beko and Vestel.
The Turkish Government aims to decrease Turkey’s import dependency in its growth and export structure, while increasing its capabilities to become an exporter of high-technology products.
ENERGY TRANSIT HUB
Turkey is also an important energy transit country and aims to become a European energy transit hub. Turkey has the capacity to transport 121 million tons of oil to the world markets per year, typically from the Middle East and Caspian to EU markets. This is roughly 3% of annual global oil consumption. It plans to increase its energy capacity with new pipelines and the opening of a Southern Gas Corridor for Caspian and Middle Eastern gas which would also allow for gas exports to reach the EU.
For more information: www.turkey.doingbusinessguide.co.uk/the-guide
2,500 UK COMPANIES
The Strategic Partnership signed by the UK and Turkish Prime Ministers in July 2010 cements the UK’s commitment to deepening the bilateral relationship. There are many existing business links between the UK and Turkey. Over 2,500 UK companies are currently operating in Turkey including global companies such as BP, Shell, Vodafone, Unilever, BAE, HSBC, Aviva and Diageo. Several retail giants and high street names such as Harvey Nichols, Kingfisher, Marks and Spencer and Laura Ashley also have extensive operations in Turkey.
EUROPE’S 4TH BIGGEST ECONOMY
According to HSBC’s ‘The World in 2050’ report in 2012 (http://www.businessinsider.com/these-economies-will-dominate-the-world-in-2050-2012-1?IR=T#12-turkey-39), Turkey will be the world’s 12th and Europe’s 4th biggest economy by 2050. Turkey aims to be among the world’s 10 largest economies by 2023, on the 100th anniversary of the foundation of the Republic.
IMPORTED INDUSTRIES
TOP UK EXPORTS
STRENGTHS OF THE TURKISH MARKET
The world’s 16th largest economy and Europe’s sixth
Forecast to be in the world’s top-ten economies by 2023
Strong Gross Domestic Product (GDP) growth
The youngest and fastest-growing population in Europe (700,000 graduates per year)
Istanbul and Ankara are among the biggest cities in the world in terms of GDP
Istanbul’s economy alone is larger than the collective economies of 12 EU countries
Turkey has the world’s second largest contracting sector, after China
Access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa and to markets with a total US $25 trillion GDP within four hours flight
31 Temmuz 2018 Salı
22 Şubat 2022 Salı
22 Şubat 2022 Salı
22 Şubat 2022 Salı
22 Şubat 2022 Salı
22 Şubat 2022 Salı
