TURKEY: GATEWAY TO THE
AFRO-EURASIA REGION
Salih KANDAS
FOREIGN TRADE SPECIALIST
CONSULATE GENERAL OF TURKEY
April 14, 2010, Chicago
AFRO-EUROASIA REGION
European Union
495 million people GDP $18.3 trillion
Central and Eastern Europe and Balkans
170 million people GDP: $1.4 trillion
GDP: $1.2 trillion
143 million people
Central Asia and Caucasus
76 million people GDP: $970 billion
The Middle East and North Africa
410 million people GDP: $2.4 trillion
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TURKEY - EUROPE
 Customs Union relations since 1996
 Associate member negotiating for full
membership
 $160 billion bilateral trade volume
 7th in the EU's top import and 5th in export
markets
 130,000 Turkish entrepreneurs in the EU with
$20 billion investment that employed 600,000
people.
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TURKEY-MIDDLE EAST AND
NORTH AFRICA REGION
 FTA with Algeria, Egypt, Jordan, Syria, Israel,
Palestinian Authority, Morocco and Tunisia
 Trade volume of $40 billion in 2008
 $11 billion worth of Turkish investment
 $39 billion worth of contracting projects
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TURKEY- NORTHERN AND
CENTRAL ASIA
 Strong cultural and historical ties
 Trade volume of $46 billion in 2008
 $15 billion worth of Turkish investment
 $36 billion worth of contracting projects
 Black Sea Economic Cooperation
 Surging Energy Business
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KEY INGREDIENTS FOR
ECONOMIC SUCCESS
Macro economic stability
Reforms public and financial sector
Quality of institutions
Openness to trade and FDI
Soaring educated workforce
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15th largest economy in the world and 6th in the EU
Highest growth rate among OECD
countries 6 year in a row
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Largest young population in Europe
400.000 university graduates every year
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64 million GSM users
43 million credit card users
World’s 11th largest internet user population
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World’s 4th largest
facebook user population
World’s 3rd largest international contractor
World’s 2nd largest flat glass producer
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Europe’s 6th largest cement producer
World’s 8th largest ship builder
World’s 3rd13largest mega yacht builder
Europe’s 5th largest iron-steel producer
Europe’s biggest fertilizer producer
Europe’s
6th
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largest automotive manufacturer
Europe’s largest bus manufacturer
Europe’s 2nd largest light commercial truck
manufacturer
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Europe’s largest television exporter
Europe’s 2nd largest white goods manufacturer
World’s
2nd
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largest gold jewelry exporter
Istanbul is a new fashion center in Europe
EU’s 2nd largest apparel and home textile and
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3rd largest textile supplier
self-sufficient country in terms of food
World’s top 5th producer of vegetables
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World’s top 10th producer of fruits and crops
8th most visited country in the world
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ENERGY CORRIDOR AND TERMINAL
Lefkoşe
Turkey is expected to transport 10% of global oil and
gas supply when ongoing projects are completed
Membership to leading
organizations (WTO, OECD,
Council of Europe, ICO etc)
Liberal business climate
Simplified procedure
International Dispute settlement
RELIABLE TRADING AND INVESTMENT
ENVIRONMENT
Structural reform agenda
Economic and political stability
Accelerated privatization and
Prudent monetary and fiscal
deregulation
policies
FREE TRADE AGREEMENTS
 Customs Union Agreement with 27 EU
countries, negotiating for full membership
 Free Trade Agreements with Albania, Algeria,
Bosnia Herzegovina, Croatia, EFTA countries
(Switzerland, Norway, Iceland, Lichtenstein),
Egypt, Georgia, Israel, Jordan, Macedonia,
Mexico, Morocco, Palestinian Authority, Serbia
(in effect by since Jan. 2010), Syria, Tunisia
 Chile and Montenegro (pending approval)
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FDI INFLOW TO TURKEY
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FDI INFLOW BY INDUSTRIES 2008
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VOLUME OF FOREIGN TRADE
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TURKEY-US TRADE VOLUME
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MAJOR GOODS IN TRADE
US EXPORTS
TURKISH EXPORTS
BOILERS, MACHINERY
TEXTILE AND APPAREL
IRON AND STEEL
IRON AND STEEL
CHEMICALS & PHARMACEUTICALS
NATURAL STONES
COTTON
VEHICLES AIRCRAFT PARTS
MEDICAL EQUIPMENTS
MINERAL FUELS AND OILS
PLASTICS AND ARTICLES
BOILERS, MACHINERY
VEHICLES AND AIRCRAFT PARTS
JEWELRY
MINERAL FUELS AND OILS
FOOD
FOOD, OILSEEDS
TOBACCO
PAPER PRODUCTS
COPPER
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GOODS SHOWING AN INCREASE
TREND IN TURKISH EXPORT TO US
GOODS
Iron and steel mill products (semi finished)
Agricultural machinery and equipment
Iron and steel products (except adv. manf.)
Household and kitchen appliances
Plastic materials
soft beverages, processed coffee, etc.
Medicinal, dental and pharmaceutical preps.
Industrial inorganic chemicals
Engines and engine parts
Vegetables and preparations
INCREASE
120%
100%
82%
71%
63%
56%
39%
23%
20%
17%
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GOODS SHOWING AN INCREASE
TREND IN US EXPORT TO TURKEY
GOODS
Rice
Mineral Fuels
Civilian aircraft
Metallurgical grade coal
Iron and steel products, other
Steelmaking materials
Industrial Agricultural products, (i.e. cotton)
Soybeans
Parts for military-type goods
Corn
INCREASE
6626%
1590%
282%
202%
140%
122%
94%
60%
43%
31%
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Thank You
Salih KANDAS
FOREIGN TRADE SPECIALIST
CONSULATE GENERAL OF TURKEY
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