Business Environment in Turkey

1
Business Environment in Turkey

• Dr. M.Erdal Balaban ()
• Visiting Exchange Professor
• Department of Management
• BSU
• www.bsu.edu/web/mebalaban

2
Turkey in Brief (Geograpy)

• Location-Asia, Africa and Europe are closest to
  each other,
• Area- It is the size of Texas and Louisiana
  combined. 814,578 sq kms.
• Coastline- surrounded by sea on three sides
• Regions- 7 regions
• Cities- Istanbul, Izmir, Bursa and Ankara, and in
  the sound around Adana

3
Turkey in Brief (Istanbul, Ankara,)

• The European and Asian sides are divided by the
  Istanbul Bogazi (Bosphorus), the Sea of Marmara,
  and the Canakkale Bogazi
• The capital city is Ankara which is located in
  the center of the country.

4
Turkey in Brief (Population)

• According to 2001 estimates, Turkey has 66
  million inhabitants, arround 41 of whom live in
  the countryside.
• Turkeys population is young and growing.
  approximately 70 of the population is below the
  age of 35).

5
Turkey in Brief (Language)

• The official language is Turkish written in the
  latin alphabet.
• One of the most widely spoken language (approx.
  more than 150 million people around the world)
• Many Businessman speak and conduct transactions
  in English, French, German, and Russian.

6
Turkey - A Profile(Political Structure)

• Turkish Republic was founded in 1923
• Turkey is a Parliamentary Democracy with a single
  chamber (The Grand National Assembly)
• The Turkish Republic is based on a secular
  democratic.

7
Main Economic Indicators In Turkey
8
TURKISH FOREIGN TRADE
TURKISH FOREIGN TRADE(Billion US Dollars)
Source http//www.turkey.org/businesseconomy/temp
/index.htm

• VOLUME

• IMPORTS

• EXPORTS

() Jan.-Oct.
9
EXPORTS BY PRODUCTS ()
EXPORTS BY PRODUCTS ()
() Jan.-Oct.
() Jan.-Oct.
10
IMPORTS BY PRODUCTS ()
() Jan. - Oct.
11
Some Foreign Investors in Turkey

• Unilever
• BP
• Total
• Renault
• Honda
• Toyata
• Hyndai
• Daimler-Chreysler
• Bosh-Siemens

• Carefour
• Pfizer
• Marks Spencer
• Philip Morris
• Mc Donalds
• MicroSoft
• Oracle
• SAP

12
Rapid Sectoral Growth

• Industry
• Textile
• Transport
• Tourism
• Energy
• Electronic IT

13
TURKISH AND U.S ECONOMIC RELATIONS EXPORTS BY
MAIN PRODUCT SECTORS ()
14
TURKISH AND U.S ECONOMIC RELATIONS IMPORTS BY
MAIN PRODUCT SECTORS ()
15
IMPORTANT ASPECTS OF RELATIONS BETWEEN TURKEY AND
USA

• OUR TRADE IS APPROXIMATELY 6 BILLION .
• THE TOTAL OF INVESTMENTS MADE IN BOTH COUNTRIES
  IS ALMOST 4 BILLION .
• THE ESTIMATION OF INCOME COMING FROM TOURISM IS
  MINIMUM 3-4 BILLION .
• THE MINIMUM OVERALL AMOUNT OF ECONOMIC RELATIONS
  IS 13-14 BILLION .

16
Good Reasons for Investment In Turkey

• Unique geographical location
• A huge domestic market
• The gateway of energy resources
• A state of art telecommunications network
• High-skilled, competitive labor.

17
What is the top three factors which is most
important for investment ? Think about it!

• A. Tax applied
• B. Employment and Labor Rates
• C. Trade Laws
• D. Market Places
• E. Consumer Purchasing Capacity
• F. Free Enterprise
• G. Energy Resources
• H. Population

18
INTERNATIONAL ORGANIZATIONS AND AGREEMENTS

• United Nations
• NATO (North Atlantic Treaty Organisation)
• Council of Europe
• OECD(Organisation of Economic Cooperation
  and Development)
• WHO (World Health Organisation)
• WTO (World Trade Organisation)
• ILO (International Labor Organisation)
• IMF / World Bank
• ECO (Economic Cooperation Organisation)
• OIC (Organisation of the Islamic Conference)
• MIGA
• BSEC(Black Sea Economic Cooperation)

19
Sources from Internet

• http//www.treasury.gov.tr/english/ybsweb/index.ht
  m
• http//www.turkey.org/start.html
• http//www.onlineturkey.net
• http//www.wec-net.com.tr/home.html
• http//www.oecd.org
• http//www.wto.org
• http//www.census.gov