Business in Turkey, Istanbul

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Syllabus of the Subject: Foreign Trade and Business in Turkey. Istanbul Ankara (Course, Master).

Introduction to the Republic of Turkey
Turkish economy
Doing Business in Istanbul and Ankara
Main sectors of the Turkish economy
International Trade of Turkey
Foreign Direct Investment (FDI) in Turkey
Establishing a Business in Turkey
Special Investment Zones
Case Study: Koç Holding
European Union-Turkey Customs Union
Africa-Turkey Partnership
Cooperation Council of Turkic Speaking States (Turkic Council) / Türk Dili Konuşan Ülkeler İşbirliği Konseyi (Türk Konseyi - TDİK)
Access to the Turkish market
Business Plan for Turkey

The objectives of the Subject “Foreign Trade and Business in the Republic of Turkey” are the following:

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

The Subject “Doing Business in Turkey” is part of the following Online Higher Education Programs taught by EENI:

Masters: Business in the Muslim Countries, International Business, Foreign Trade, Europe
Doctorates: Islamic Business, European Business
Courses: Business in Eastern Europe and Turkey, Central Eurasia

Online Student Master in International Business

The course materials are available in (or Turquía Turquie)

Credits of the Subject “Foreign Trade and Business in Turkey”: 3
Duration: three weeks

Uluslararası İşletme Yüksek Lisans

DIŞ TİCARET VE ULUSLAR ARASI ÇALIŞMA YÖNETİMİ (UYGULAMALI EĞİTİM).

Example of the Online Subject (Doing Business in Turkey):
Master Course: Business in Turkey

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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries

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Description of the Subject: Doing Business in Turkey.

Turkey is the sixteenth World's largest economy.

The Republic of Turkey has a total population of 78 million people (24 million people are active)
Area of Turkey: 783,562.38 square kilometres
Turkish Capital: Ankara (5.1 million)
Turkish largest city: Istanbul (14.3 million)
Official language of Turkey: Turkish
Borders of Turkey: Bulgaria, Greece, Georgia, Armenia, Azerbaijan, Iran, Iraq, and Syria
Abolition of Slavery in Turkey: 1876

Religion in Turkey: Islam.

Fiqh (Islamic Jurisprudence): Fiqh-el-hanafi (Hanafi)

Turkey belongs to the Central Eurasian Economic Area (Turkic area, Islamic Civilisation).

European Union-Turkey Customs Union (e-Course)

Turkish Economy.

The economy of the Republic of Turkey has had a steady economic growth rate for the last twenty quarters
The Turkish 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 Turkish financial sector, improving the public sector governance, and business environment
Turkish GDP: 800 billion USD
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, transportation, and logistics
Turkish manufacturing sector: 24% of the GDP
Turkey is the Sixteenth World's largest pharmaceutical product producer
The Turkish agriculture sector will be one of the top five world producers (2023)
Property (real estate) sector in Turkey: 4.6% of the Turkish GDP
A Global leader in dried figs, dried apricots, and hazelnuts production
Turkey is the Seventeenth largest car maker in the World
Turkey is the Seventh largest plastic producer in the World
30 million tourists every year
Inflation in Turkey: 8%
Deep structural reforms
Universal Health Insurance
Health “free zones.”
Currency of Turkey: 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 the European Markets (Eurasian)
Total Turkish exports: 158 billion USD
Total Turkish 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 are Russia, China, Germany, the United States, Italy, Iran, India, and Spain
The main imports origin of the Republic of Turkey are 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 are machinery, Transport material, and chemical products
Turkey has a Customs Union with the European Union
Access to the CIS and the Middle East markets
Access to the Eurasian Land Transport Initiative

Silk Road China-Europe by Road (Course Master)

Foreign direct investment (FDI) in Turkey.

Total FDI: 12.5 billion USD
Turkey is the thirteenth most attractive nation in the World for Foreign direct investment (FDI)
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
Government body: Ministry of Investment Support and Promotion Agency (ISPAT)

Africa-Turkey Partnership Cooperation Framework

Turkey Free Trade Agreements (FTA) and Economic Organisations

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