The second edition of the Coordination Council for the Improvement of the Investment Environment (YOIKK) meetings convened in the Presidential Complex in Ankara on August 8, under the chairmanship of Turkey’s Vice President Fuat Oktay.
Speaking at the meeting, Vice President Oktay said that thanks to the improvements implemented as part of YOIKK’s efforts, Turkey is fully confident that it will double, or even triple its share in the global FDI pie – it has been hovering at around 1 percent on average since 2002.
What is YOIKK?
In order to reform the investment climate, rationalize bureaucratic procedures, and reduce red tape, a comprehensive reform program was launched in 2001. The structure was renewed in 2019 by a Presidential Decree dated March 14, 2019.