Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
US roadshow aims to bridge perception gap 
05.11.2017

The Investment Support and Promotion Agency of Turkey (ISPAT) held a roadshow in the US during the first week of November in order to meet with investors in Atlanta, Cincinnati, and Chicago to bridge the perception gap that might have been discouraging them from taking a fresh look at Turkey.

 

ISPAT first talked up Turkey’s lucrative investment opportunities at a roundtable meeting hosted by the World Affairs Council of Atlanta and the World Trade Center Atlanta. During his speech at the meeting, ISPAT President Arda Ermut talked about how with a bilateral trade volume of USD 17.5 billion in 2016, the US ranked 5th in Turkey’s exports and was 4th in its imports that year. “Because of the importance we place upon the US, we very often organize roadshows, top-tier meetings, and programs here. We have attended plenty of investment related seminars all around the US in recent years and have collaborated with US institutions and business associations,” added Ermut.

 

The ISPAT delegation, accompanied by Procter & Gamble Turkey-Caucasus Vice President and General Manager Tankut Turnaoğlu, then visited Procter & Gamble global headquarters in Cincinnati, Ohio.

 

The final leg of the roadshow saw Ermut come together with leaders of the Turkish-US business community at a dinner reception hosted by the Turkish Consulate in Chicago. Ermut also delivered a guest lecture on the history and future of US-Turkey business ties to MBA students at the University of Chicago - Booth School of Business.

 

Hot topics at the meetings also suggested that Turkey’s young population and deep internet and smartphone penetration provide opportunities for mega multinational companies. Turkey now has 20 cities with more than a million people.

 

The banking sector is also largely open to foreign investment, providing potential ins for US financial technology and payments giants. Ermut expressed interest in connecting the burgeoning startup scene in the US to entrepreneurial efforts on the ground in Turkey.

 

More importantly, incentives are the icing on the cake of a location where companies can easily reach promising markets in the Middle East, Africa, and Central Asia. Ermut also said that within four hours’ flight from Turkey exists a combined market of 1.6 billion people and a combined GDP of USD 26 trillion.

24.05.2019 Rebalancing and Rebounding Process Continue in The Turkish Economy
10.05.2019 Reform Action Group Meets First Time Under Chairmanship of President Erdoğan
01.05.2019 YOIKK Holds its First Meeting with New Structure
18.04.2019 ATC Annual Conference Convenes in Washington D.C.
12.04.2019 Turkey Inaugurates New Structural Reforms
02.04.2019 Investment Office Holds Roadshows in Austria and Italy
15.03.2019 AmCham Turkey / ABFT Holds 15th General Assembly Meeting
14.03.2019 Real Estate Giants Gather at MIPIM 2019 in Nice
14.02.2019 FDI Inflows to Turkey Surged in 2018
12.02.2019 Japanese Secom Enters into Turkish Market
<<
1 2 3 4 5 6 7 8 9 10
>>