12/10/2013

Turkey-UK Business Forum held in Istanbul

Turkiye – The fourth Turkey-UK Business Forum, the one-day event bringing together senior government officials, business leaders, academics and professionals to convene on strengthening Turkish-British business ties and explore new areas of opportunity, was held on the 6th of December in Istanbul.

Organized by the Turkish British Chamber of Commerce and Industry (TBCCI) in association with the Investment Support and Promotion Agency of Turkey (ISPAT) and Foreign Economic Relations Board (DEIK), the Forum highlighted Turkey’s economic accomplishments in the last decade and the high potential it offers to British companies looking for new markets.

Speaking at the event, Arda Ermut, the Vice President of ISPAT, said that a large number of foreign companies, including those from Japan and the US, regarded cooperating with Turkish companies as a gateway to third countries and called on British multinationals to do the same.

“British companies emerged as the largest foreign investors in Turkey with an investment total of USD 23 billion. Over 2500 British companies are active in Turkey”, Ermut remarked, adding that the trade volume between Turkey and the UK amounted to USD 14 billion in 2012.

“Turkey’s spectacular economic success in the last decade and the combination of a large domestic market, key strategic location, favorable demographics and a skilled work force present the international companies with one of the most attractive investment destinations in the world”, the ISPAT Vice President said, stating ISPAT’s readiness to assist British investors at every stage of their venture in Turkey.
Turkey; turkey-britain trade; british companies turkey; british investments turkey; ispat; arda ermut