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Istanbul Consular Corps and Ispat boost collaboration 

ISPAT President Arda Ermut , Senior Advisor to Turkey’s President Dr. Hatice Karahan, and Istanbul Consular Corps (ICC) Chairman Balázs Hendrich led a working breakfast with over 40 consul generals in Istanbul to discuss ways to boost economic and commercial collaboration.


During his opening remarks, ICC Chairman Balázs Hendrich stated that ICC’s primary objective is to build a bridge between opinion leaders in Turkey and diplomatic missions.


Delivering a keynote presentation at the meeting, Senior Advisor to the President Dr. Hatice Karahan pointed out that the Turkish economy grew 5.7 percent on average over the past 15 years and its rapid recovery in the aftermath of July 15, 2016 events was a clear indication of its resilience. The uptrend in the domestic market, combined with industrial progress, is the driving force behind the spectacular growth in economy, according to Karahan.


Meanwhile, during his address, ISPAT President Arda Ermut said that embassies and consular offices in Turkey function as ISPAT’s natural partners in that some investors reach ISPAT through their facilitation. He added, “Since 2003, FDI inflows have topped USD 185 billion, while over 55,000 companies with foreign capital currently operate in Turkey. Our upcoming presidential system will see clear job definitions, which in return will enable more professionals in their fields of expertise to take part in the parliament.” Ermut concluded that ISPAT is ready to give all the support for the investment activities that consulates will organize in Turkey and in their countries.

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