www.tcp.gov.tr Year: 4
Issue: 6 Mar.11-22, 2013
NEWS Turkey Targets 5 Bln USD Bilateral Trade Volume With Denmark Turkish Prime Minister Recep Tayyip Erdogan said that the annual trade volume between Turkey and Denmark could reach five billion USD by the end of 2015. Turkish and Danish delegations met under the leadership of Erdogan and Danish Prime Minister Helle Thorning-Schmidt in Copenhagen. Erdogan said that the annual bilateral trade volume reached 1.7 billion USD by the end of 2012. Currently, 550 Danish companies were operating in Turkey, said Erdogan, expressing belief that Turkish-Danish economic relations would be developed further by the end of 2015. Meanwhile, Danish minister said that there were very sound relations between Turkey and Denmark, adding that the commerce and investments between the two countries were increasing each day. Schmidt also said that they envisaged increasing Denmark’s exports to Turkey by 50% till 2016. To view the news report please visit Ministry of Economy website.
Turkey Targets Boosting UAE Trade Volume To $50 Bln Economy Minister Zafer Caglayan said the current level of trade between the United Arab Emirates and Turkey has not reached its potential and that the trade volume should be increased to $50 billion from its current $11.8 billion. During his speech at a UAE-Turkish business forum in Abu Dhabi, Caglayan urged the businessmen of both countries to make sure the friendship between the countries is reflected in their business relations. “The foreign trade volume of our countries combined is nearly $1 trillion, and although the current value of trade is significant, it is still not at a desired level. There is no reason for us not to bring this value to $50 billion,” he said. Noting that some countries had criticized Turkey for shifting its trade focus, Caglayan argued that many of those countries which criticized Turkey in the past are now struggling to overcome major economic problems of their own. “By diversifying its market, Turkey increased its exports and continued improvement,” the minister remarked. Caglayan mentioned the Turkish construction sector’s success ranking second in the world with projects worth $244 billion and suggested to the businessmen in attendance at the Abu Dhabi conference that they take advantage of Turkey’s know-how, talent and market advantage for their mutual benefit. To view the news report, please visit Ministry of Economy website. Read the rest of this entry » 1/5
www.tcp.gov.tr Year: 4
Issue: 6 Mar.11-22, 2013
Turkey, Qatar Explore Business Opportunities The Qatari Businessmen Association (QBA), in co-operation with the Turkish Foreign Economic Relations Board (DEIK), held the first meeting of the Turkish-Qatari Business Council in Istanbul on March 14. The delegation was headed by QBA chairman Sheikh Faisal bin Qassim al-Thani and comprised QBA secretary-general Issa Abdul Salam Abu Issa. The Turkish side was attended by chairman of the Turkish-Qatari Business Council, Mithat Yenigun, and members of the business council along with businessmen from various sectors. The meeting was initiated by convening the first business council where both sides shared opinions and suggestions on how to enhance economic co-operation and trade exchange. It was also proposed that a seminar be organised in Doha that would focus on the development of industrial co-operation between the two sides and facilitate the entry of medium and small Turkish industries into Qatar. To view the news report, please visit Ministry of Economy website.
Turkey Has Been 4th Fastest Growing Country On Branding, Announced WIPO According to WIPO’s World Intellectual Property Indicators 2012, Turkey became one of the five countries that grew most on brand, industrial design and useful model patent fields in 20092011. To view the news report, please visit Ministry of Economy website. Read the rest of this entry 
Foreign Capital Firms In Turkey Exceed 32,000 The number of foreign capitalized firms operating in Turkey reached 32,604 while a half of them are EU-based and half of them are in Istanbul. The number of internationally capitalized companies in Turkey surpassed 30,000 at the end of 2012, with over half of these companies being European Union-based, according to figures compiled from Economy Ministry data. There are 32,604 foreign capitalized companies and branches in Turkey, 5,494 of which are associates of Turkish companies with domestic capital. The top sector among foreign companies operating in Turkey is wholesale and retail trade, comprising 32 percent of foreign companies. To view the news report, please visit Ministry of Economy website. Read the rest of this entry Âť 2/5
www.tcp.gov.tr Year: 4
Issue: 6 Mar.11-22, 2013
British Support For Istanbul Finance Center The evolution of Turkey’s financial capital into an international finance center wins British backing. Stating his readiness to share London’s experience as a financial hub, the Lord Mayor of the City of London, Alderman Roger Gifford said that the UK was ready to be Turkey’s partner in Istanbul’s development as a regional and global financial center. Visiting Turkey, accompanied by a large trade delegation, the Lord Mayor of London attended an event entitled “UK and Turkey: Great Partners!” held at the British Consulate in Istanbul and which explored ways to deepen trade and business links between the two countries. Noting that Turkey has become the center of attention in its region, the Lord Mayor said that cooperation between London and Istanbul was very important and that London would throw all its support and expertise into backing Istanbul as an international financial center. Source: The news section of ISPAT website Read the rest of this entry »
SECTORS Turkey Steel Billets Export Rise In January According to the data provided by the Turkish Statistical Institute, in January this year Turkey’s steel billet and bloom exports amounted to 268,936 tonnes more than double compared to the 112,179 tonnes recorded in the previous month and up 55% compared to the same month of 2012.The revenue generated by these exports totaled USD 148 million, more than double compared to the previous month and up 44.7% from January 2012. According to the data released by TUIK, in January the average price of Turkey’s steel billet exports stood at USD 550 per tonne falling compared to the average of USD 589 per tonne recorded in January 2012. In January this year, Turkey’s billet exports to Saudi Arabia amounted to 178,847 tonnes constituting 66.5% of total Turkish billet exports. The country’s billet exports to Saudi Arabia increased strongly compared to the 79,996 tonnes recorded last December, while they were up 45.2% YoY. Egypt was the second biggest export destination for Turkish steel billet in January this year with exports amounting to 40,000 tonnes more than triple MoM and up 64.4% compared to January 2012. To view the news report, please visit Ministry of Economy website.
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www.tcp.gov.tr Year: 4
Issue: 6 Mar.11-22, 2013
Natural Stone Exports To China Predicted To Exceed $1 Bln Aegean Mining Exporters Union President Arslan Erdinç stated that natural stone exports to China are anticipated to exceed $1 billion by the end of 2013. Noting that natural stone exports to China totaled $782 million in 2012, Erdinç highlighted that Turkish natural stone exporters made Turkey the most represented country at the 13th Xiamen International Stone Fair 2013 held in China, to which over 100 Turkish firms attended. To view the news report, please visit Ministry of Economy website. Read the rest of this entry »
The Country Buyer’s Credit Program For Turkish Machinery Manufacturing Sector Under the cooperation protocol between Turkish Eximbank and the Machinery and Parts Exporters Union, country buyer’s credits are made available for Turkish machinery exporters in order to enhance their international competitiveness and to provide them with new financing possibilities. For the full text please click here. Source: The Machinery and Accessories Exporters’ Union
FDI Inflow Into Turkey’s Financial Services Sector To Strengthen Foreign direct investment (FDI) inflow into Turkey’s energy, financial services, and infrastructure sectors is set to increase in the coming months, the head of the Investment Support and Promotion Agency of Turkey (ISPAT), Ilker Ayci, said. Sharing his views about the trends and prospects in Turkey’s investment environment and improving business relations with neighboring Greece, Ayci highlighted the significant value of Greek investment in Turkey, putting the figure at USD 6.6 billion over the last decade. Source: The news section of ISPAT website Read the rest of this entry » 4/5
www.tcp.gov.tr Year: 4
Issue: 6 Mar.11-22, 2013
EVENTS ECOWAS Turkish Products Expo 2013 ECOWAS Turkish Products Expo 2013 will be held in Lagos, Nigeria on March 26-28. Turkish National Participation at the event will be organized with the support of Republic of Turkey Ministry of Economy. 87 Turkish companies from various sectors will be present at the fair. For more information about the fair, please visit its website.
Turkish Companies To Participate In Mosshoes Mosshoes 2013 - 55th International specialized exhibition for footwear, bags and accessories is held in Moscow, Russia on March 25 – 28. Turkish National Participation at the event will be organized with the support of Republic of Turkey Ministry of Economy. 28 Turkish companies operating in footwear sector will be present at the fair. For more information about the fair, please visit its website.
Turkish Companies To Participate In APFL Hong Kong APLF Hong Kong 2013, Asia Pacific Leather Fair, will be organized in Hong Kong, China on March 25-27, 2013. Turkish National Participation at the event will be organized with the support of Republic of Turkey Ministry of Economy. Turkish companies operating in leatherwear sector will be present at the fair. For more information about the fair, please visit its website.
Warning: This bulletin was prepared by the Republic of Turkey Ministry of Economy General Directorate of Exports only for information purposes, by making use of public resources which are assumed to be reliable. Ministry of Economy in no way guarantees that the information included here is completely accurate and does not accept the liability of harms and losses that may result from the utilization of information included in this bulletin.
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