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In 2016, Istanbul Chamber of Commerce will be implementing two major endeavors for Istanbul. The first one is about the giant projects of Istanbul, while the second one is embodied in the Commerce Strategy for Istanbul, to expand the commercial potential of the city as well as the wider Marmara Region.

Istanbul Chamber of Commerce continues to develop projects as a well-organized institution to preserve both commercial and historical heritage of Istanbul. The project for the 'Commerce Strategy of Istanbul' focus not only on Istanbul, but also on the wider Marmara Region, which directly enjoys the added value provided by the city.

The Commerce Strategy aims to ensure Istanbul's growth through an innovative economy with a high volume of added value, the development of an awareness of a fair, sharing, inclusive and learning society, and the provision of enjoyable, sustainable and authentic urban spaces.

FOUR OBJECTIVES

The Commerce Strategy of Istanbul has four major objectives:

Commerce Center: Plans are proposed for the establishment of a Commerce Center to host wholesalers of various industries, at a location close to the third airport being constructed in Istanbul. The search for suitable locations on the Black Sea coast of Istanbul is still in progress. Due to the project's nature to foster inclusion of the Marmara Region will provide it further essence, in the form of commerce centers to be developed in accordance with the current characteristics of the neighboring provinces.

Logistics Centers: Plans are in place for the development of Logistics Centers to reveal the geographical advantage of Marmara Region, and to render it a hub of global cargo movements. Suitable locations on both the European and the Asian side of the city will be surveyed.

Center of Science, Technology, Culture and Innovation: Plans are proposed for the establishment of a Center of Science, Technology, Culture and Innovation to serve high added-value industries (communications and information technologies, energy, design, brand-creation and retail, medicine, space and defense technologies) to provide substantial added value to Turkish economy, on the current site of Atatürk Airport. Plans are in place for the inclusion of Technopark Istanbul in this project.

Education, Health and Tourism: Plans are proposed to accelerate the growth of the services sector in Istanbul and the wider Marmara Region, with special emphasis on Education, Health and Tourism.

DECISION-SUPPORT CENTER

ICOC's project on 'Investment Decision Support System' to help investment decisions of local and foreign investors, with a view to rendering Istanbul a center of attraction for investments, will be developed to contain the elements of the 'Investment Database', 'Istanbul's Map of Brands', and 'Istanbul's Consumption Demand Map'.

The Investment Database will lead to the preparation of an interactive map to provide information (in Turkish and English) on the fundamental indicators, economic capacities and commercial structure of both 81 provinces of Turkey, and 39 districts of Istanbul.

WISE BUSINESSMEN TO COME TO ISTANBUL

ITOTAM will enhance its arbitration services through a results-oriented perspective. In this context, plans are in place for the preparation of ITOTAM's Arbitration Rules, and the provision of arbitration services by ITOTAM. An element that makes arbitration stand out and fast will be the inclusion of the 'wise businessmen' capable of evaluating the cases of the parties through the experience gained over many years, in the arbitration committees, to accompany experts of law.

MODEL OF ISTANBUL

The Model of Istanbul, which received the grand prize in Stevie International Business Awards, will now be exhibited on an area of 685 m2. The first stage of the model covering 96 m2, depicting the historical peninsula, will be expanded through the addition of new sections.

The Model of Istanbul will, this time, be exhibited on a larger space at MIPIM, alongside London and Paris, which hitherto been the leading destinations covered in the event. This event will be followed by Cityscape, yet another important real estate event worldwide to be held in September in Dubai, for the promotion of Istanbul to important investors from the Gulf region and beyond.

ISTANBUL SHOPPING FEST

This year will see the fifth Istanbul Shopping Fest (ISF), which will be promoted more aggressively through events abroad as well, in a bid to reach out to larger audiences. In this context, Istanbul will be divided into 3 major areas of shopping, and tours will be organized to bring foreign visitors to each such area. Plans are made to establish a quick tax-free shopping support desk for the visitors. Furthermore, free shuttle services, helicopter tours, or a new plane ticket are considered as promotion options based on shopping figures, with a view to encouraging the visitors to return.

GLOBAL ECONOMY EXPECTATIONS FROM 2016

  • FED’s interest rate adjustments and commodity prices will be at the center of attention.
  • India is another rising star, alongside China.
  • In light of the results of the expansionary fiscal policies of the EU, and the high performance of the US, according to World Bank figures global economy is forecasted to grow 3.3 percent in 2016.
  • The growth trend in the US economy will continue.
  • 2016 will be a year to establish equilibrium anew, in the aftermath of exchange rate fluctuations in 2015.
  • As was the case with 2015, 2016 will also see falling prices of oil reducing price pressures in oil importing countries, as well as helping with the burden on the fiscal policies.
  • Structural reforms to increase productivity will be musts for permanent solutions the global economy seeks.

4 PROJECTS FROM ICOC

  • IDTM: The new project entails not only trade show centers, but also extensions serving tourism and social functions.
  • Sirkeci Complex: The ground for the project to wholly transform the historical peninsula will be broken in 2016.
  • Information Commercialization Center: Bright ideas will be materialized at this center.
  • Technopark Istanbul: The second stage for the most advanced technology center of the region is in the making.

TECHNICAL TEXTILES EXCHANGE

The Turkish Supply Industries Exchange, which will celebrate its 25th year in 2016, will add textiles to the list of sectors it serves. Int his context, efforts are in place for the establishment of an exchange in the field of 'Technical Textiles'.

REPRESENTATION AT IWEC MANAGEMENT

2015 saw the ninth International Women’s Entrepreneurial Challenge held with ICOC as the host for the event. From now on, ICOC will be represented at the management of IWEC, alongside the Barcelona Chamber of Commerce, Women Organization of India's Federation of the Chambers of Commerce and Industry, and Manhattan Chamber of Commerce.

EXPANDING ROUND TABLE

The number of the round table meetings, which had to date been held in Belgium, Italy and Indonesia, is growing. In this context, the following countries are expected to host round table meetings in 2016: Scotland, Malta, Greece, the Netherlands, and Luxembourg.

HOST FOR THE CLUB OF CHAMBERS

ICOC will, for the second time now, serve as the host for the European Club of the Chambers of Commerce and Industry. The most important item on the agenda of the meeting will be the proposal regarding the development of a 'Shared Platform of the Chambers of Commerce of the Metropolitan Centers of Europe'. The meeting will see that the by-laws of the platform are finalized.

NEW SERVICE CENTER

The chamber will open up a new service center, in addition to the current centers operating at the Headquarters of ICO, Istanbul World Trade Center, Kadıköy, and Sabiha Gökçen Service Units, offering commercial certification services. The Halkalı Customs Directorate, serving since 1983, will be moved to Çatalca. When its operations begin, the new center will serve as ICOC's Commercial Certification Service Office within the customs zone to be opened there.

FROM THE PRESIDENT

The global economy ended year 2015 in search for "A New Equilibrium" in the light of oil prices in freefall, crisis in the Middle East, and the changing policies of the Federal Reserve. Turkey, on the other hand, remained on solid footing on track for 2016, with a robust growth rate of 3.4% against such a background of uncertainty, the return to political stability, and the substantial reform policies it is drawing up.

2015, a year that was crowned with Turkish presidency of G20, showed that the world is in search of a "New Equilibrium", which will also bring its own set of transformations. New markets, new sources of finance, new leaps of growth are on the top of the agenda of not only Turkey, but also all countries, developed or developing.

Rumi, the great thinker put it most elegantly: "Bygones are bygones, my dearest. Now is the time to talk about new things." We are well aware that both Turkish business world and Istanbul Chamber of Commerce will have many new things to talk about, new investments to make, and new markets to venture into in 2016...

I wish 2016 would see 'commerce, the language of prosperity and peace' become the talk of the town all around the globe. Respectfully yours,

10 Mart 2016 Perşembe

Etiketler : English