Business in Turkey

EENI- School of International Business

Subject: Doing Business in Turkey. Istanbul Ankara. Syllabus:

1. Introduction to the Republic of Turkey
2. The Turkish economy
3. Doing Business in Istanbul and Ankara
4. The main sectors of the Turkish economy
5. International Trade of Turkey
6. Foreign Direct Investment (FDI) in Turkey
7. Establishing a Business in Turkey
8. The Special Investment Zones
9. Case Study: Koç Holding
10. The European Union-Turkey Customs Union
11. Africa-Turkey Partnership
12. Access to the Turkish market
13. Business Plan for Turkey

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

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

Sample of the subject (Doing Business in Turkey):

Description of the Subject (Doing Business in Turkey).

Turkey is the sixteenth world largest economy.

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

Religion in Turkey: Islam.

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

Turkey belongs to the Central Eurasian Economic Area of the Islamic Civilisation.

The Turkish Economy.

1. The economy of the Republic of Turkey has had a steady Economic growth rate for the last twenty quarters
2. The gross national product and GNP per capita shows the strength of the Turkish economy as well as its integration into the global economy
3. The Republic of Turkey has made significant steps in restructuring the Turkish financial sector, improving public sector governance, and mainly the business environment
4. Turkish GDP: 800 billion USD
5. The average annual real GDP growth: 4.2%
6. 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
7. The Turkish manufacturing sector: 24% of GDP
8. Sixteenth world largest producer of pharmaceutical products
9. Turkish agriculture sector will be one of the top five world producers (2023)
10. Property (real estate) sector in Turkey: 4,6% of Turkish GDP
11. A Global leader in the production of dried figs, dried apricots, and hazelnuts
12. Seventeenth largest car maker in the World
13. The seventh largest producer of plastics in the World
14. 30 million tourists every year
15. The inflation: 8%
16. Deep structural reforms
17. Universal Health Insurance
18. Health “free zones.”
19. Currency: Turkish Lira (TRY)
20. Turkey is a EU candidate member (EU Enlargement)

The Turkish Foreign trade.

1. Turkey is a natural bridge between the Asian and European Markets (Eurasian)
2. The total Turkish exports: 158 billion USD
3. The total imports: 242 billion USD
4. 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%)
5. Textiles and transport equipment are the main imports of the European Union from Turkey
6. The main import providers are Russia, China, Germany, the United States, Italy, Iran, India, and Spain
7. 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%)
8. The main European Union exports to Turkey are machinery, transport material, and chemical products
9. Access to the CIS and the Middle East markets
10. The Customs Union with the European Union

Foreign direct investment (FDI) in Turkey.

1. The total FDI: 12.5 billion USD
2. Turkey is the thirteenth most attractive nation in the World for Foreign Direct Investment
3. 41,397 foreign companies are established in the Republic of Turkey working in wholesale and retail trade, manufacturing, and property (real estate)
4. Textile production leads the manufacturing sector in foreign direct investment followed by chemicals and food and beverage products
5. The Government body: Ministry Investment Support and Promotion Agency (ISPAT)

Turkey's 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.

FTA not yet ratified by Lebanon, Malaysia, Kosovo, Moldova, and Ghana.

1. Black Sea Economic Cooperation (BSEC)
2. Commonwealth of Independent States (CIS)
3. Economic Cooperation Organisation (ECO)
4. Turkey-Chile Free Trade Agreement (FTA)
5. Cooperation Council of Turkic Speaking States (Turkic Council) / Türk Dili Konuşan Ülkeler İşbirliği Konseyi (Türk Konseyi - TDİK)
6. European Union-Turkey Customs Union
7. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)
8. Arab League

❮ Samples - Business in Turkey ❯