Business in Turkey

EENI- School of International Business

Subject (Course): International Trade and Doing Business in Turkey. Istanbul Ankara. Syllabus:

Objectives of the subject “Foreign Trade and Doing Business in the Republic of Turkey”:

To analyse the Turkish economy and foreign trade
To evaluate business opportunities in the Republic of Turkey
To explore Turkey's trade relations with the student's country
To know Turkey's Free Trade Agreements (FTAs)
To examine the profile of Turkish companies
To analyse the customs union between Turkey and the European Union and the association Turkey-Africa
To develop a business plan for the Turkish market

Course

Subject “Doing Business in Turkey” is studied...

Course learning materials in (or Turquía Turquie)

Credits of the subject “Foreign Trade and Doing Business in Turkey”: 3 / 1.5
Duration: three weeks

Sample of the subject (Doing Business in Turkey):

Subject Description (Doing Business in Turkey).

The Republic of Turkey.

Turkey is the sixteenth world largest Economy.

Turkey has a total population of 78 millions of people (24 millions of people are active).
Area: 783,562.38 square kilometres
Capital: Ankara (5.1 million)
The largest city: Istanbul (14.3 million)
The official language: Turkish
Borders of Turkey: Bulgaria, Greece, Georgia, Armenia, Azerbaijan, Iran, Iraq, and Syria.
Turkey belongs to the Turkic area of the Islamic civilisation.
Abolition of slavery in Turkey: 1876

Religion in Turkey: Islam.

European Union-Turkey Customs Union

Turkish Economy.

The economy of the Republic of Turkey has had a steady Economic growth rate for the last twenty quarters.
The gross national product and GNP per capita shows the strength of the Turkish economy as well as its integration into the global economy.
The Republic of Turkey has made significant steps in restructuring the Turkish financial sector, improving public sector governance, and mainly the business environment.
Turkish GDP: 800 billion USD
The average annual real GDP growth: 4.2%
The main sectors of the Turkish economy are agriculture and food, automotive, Business Services, chemicals, electronics, energy and renewable, Financial Services, Healthcare and Pharmaceuticals, Information and communication technologies (ICT), Infrastructure, Machinery, manufacturing, mining, property (real estate), tourism, transport, and logistics.
Turkish manufacturing sector: 24% of GDP
Sixteenth world largest producer of pharmaceutical products
Turkish agriculture sector will be one of the top five world producers (2023)
Property (real estate) sector in Turkey: 4,6% of Turkish GDP
A Global leader in the production of dried figs, dried apricots, and hazelnuts
Seventeenth largest car maker in the World
Seventh largest producer of plastics in the World
30 million tourists every year
The inflation: 8%
Deep structural reforms
Universal Health Insurance
Health “free zones.”
Currency: Turkish Lira (TRY)
Turkey is a EU candidate member (EU Enlargement)

Koç Holding Turkey

Turkish Foreign trade.

Turkey is a natural bridge between the Asian and European Markets (Eurasian)
The total Turkish exports: 158 billion USD
The total imports: 242 billion USD
The main Turkish exports markets are the European Union (56%), Russia (4%), the United States (4%), Romania (3%), the United Arab Emirates (3%), and Iraq (3%).
Textiles and transport equipment are the main imports of the European Union from Turkey.
The main import providers: Russia, China, Germany, the United States, Italy, Iran, India, and Spain
The main imports origin of the Republic of Turkey is the European Union (41%), Russia (14%), the People's Republic of China (8%), the United States (5%), Iran (4%) and Switzerland (3%).
The main European Union exports to Turkey: machinery, transport material, and chemical products.
Access to the CIS and the Middle East markets
The Customs Union with the European Union

Foreign direct investment (FDI) in Turkey.

The total FDI: 12.5 billion USD
Turkey is the thirteenth most attractive nation in the World for Foreign Direct Investment
41,397 foreign companies are established in the Republic of Turkey working in wholesale and retail trade, manufacturing, and property (real estate)
Textile production leads the manufacturing sector in foreign direct investment followed by chemicals and food and beverage products.
The Government body: Ministry Investment Support and Promotion Agency (ISPAT)

Africa-Turkey Partnership Cooperation Framework

Turkey's Free Trade Agreements (FTA) and Organisations

Turkey has signed Free Trade Agreements (FTA) with the European Free Trade Association (EFTA - Iceland, Norway, Switzerland, and Lichtenstein), Israel, Macedonia, Croatia, Bosnia and Herzegovina, Tunisia, Morocco, the Palestinian Authority, Syria (pending), Egypt, Jordan, Georgia, Lebanon, Montenegro, Serbia, Chile, Mauritius, South Korea, and Albania.