Business in Turkey

EENI- School of International Business

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

  1. Introduction to the Republic of Turkey.
  2. 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. 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

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

  1. To analyse the Turkish economy and foreign trade
  2. To evaluate 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
Subject “Doing Business in Turkey” is studied...
  1. Masters (e-learning): International Business, Muslims Countries, Emerging Markets
  2. Doctorate: Muslims Countries, Europe
  3. Courses: Eastern Europe and Turkey, Central Eurasia

Course learning materials in English (or Spanish Turquía French Turquie)

  1. Credits of the subject “Foreign Trade and Doing Business in Turkey”: 3 ECTS Credits
  2. Duration: three weeks

Uluslararası İşletme Yüksek Lisans


Sample of the subject (Doing Business in Turkey):
Doing Business in Turkey

Subject Description (Doing Business in Turkey).

The Republic of Turkey.

Turkey is the sixteenth world largest economy.

  1. 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.

European Union-Turkey Customs Union

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. 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. 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)

Koç Holding Turkey

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: Russia, China, Germany, the United States, Italy, Iran, India, and Spain
  7. 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%).
  8. The main European Union exports to Turkey: 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)

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, Bosnia and Herzegovina, Tunisia, Morocco, the Palestinian Authority, Syria (pending), Egypt, Jordan, Georgia, Lebanon, Montenegro, Serbia, Chile, Mauritius, South Korea, and Albania.

EFTA-Turkey Free Trade Agreement

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

Free Trade Agreements Turkey

Cooperation Council of Turkic Speaking States

European Union Enlargement

Economic Cooperation Organisation ECO

Turkey-Albania Free Trade Agreement

Turkey-Lebanon Free Trade Agreement

Turkey-Jordan Free Trade Agreement

Chile-Turkey Free Trade Agreement

Turkey-Korea Free Trade Agreement

Black Sea Economic Cooperation (BSEC)

Trade Preferential System TPS Organisation of Islamic Cooperation

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