Yeni Şafak – The surge of interest from Japanese companies towards Turkey is expected to result in more investments from the Far Eastern nation to the fast-emerging country in the near future.
“Turkey’s economy looks very promising despite being in a turbulent region.” the Bank of Tokyo-Mitsubishi UFJ (BTMU) Turkey Representative, Kazunori Kano, said at an investment seminar organized by the Investment Support and Promotion Agency of Turkey (ISPAT) in Tokyo, Japan. Japan’s largest lender is one of the new Japanese financial institutions that have established a presence in Turkey recently, along with Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp.
Speaking of Turkey’s investment environment, Kano advised potential Japanese investors to visit the country for a firsthand experience. “The distance between Turkey and Japan should not be a problem.” the BTMU Turkey Representative noted, adding that Turkey’s business climate was as good as its world-famous tourism.
“Turkey’s Prime Minister, Recep Tayyip Erdogan, is a very important and influential leader.”, he remarked.
The Director of the Japan Cooperation Center for the Middle East (JCCME), Akio Nakanishi, also present at the event, spoke of Turkey’ s economic performance. “A number of Japanese companies are working on investing in Turkey. In due time, we will see more Japanese investments in Turkey”, he said.
“Despite being a large market, the Middle East’s social and political upheavals have made some investors uneasy. This is not the case with Turkey as its investment environment is not effected by regional developments at all”, the JCCME Head went on to say, adding that Prime Minister Erdogan’s resolute stance had secured Turkey’s investment appeal. “Erdogan is a very influential and experienced leader”, Nakanishi said, praising the Turkish leader.
“The Investment Support and Promotion Agency of Turkey (ISPAT) is playing a vital role in showcasing Turkey’s investment environment and opportunities abroad. Japanese companies tend to be permanent investors and take a long time to decide on an investment project. Investment seminars such as this one helps prospective investors to reach a decision”, Nakanishi said, highlighting ISPAT’s intense efforts in promoting Turkey’s investment environment in Japan and elsewhere.
ISPAT has intensified its efforts to attract more foreign direct investments into Turkey, according to its President, Ilker Ayci. “Strongly motivated by our Prime Minister, ISPAT is at work in every corner of the world to present our country’s investment opportunities to foreign businesses.” he said.
During the past few weeks, ISPAT staged a series of meetings and seminars relating to this in Japan, Malaysia and Singapore as a part of its global investment promotion activities.
Turkey’s large domestic market, macroeconomic/political stability, along with a strategically important location and a skilled labor pool, are seen as the most attractive features in the eyes of foreign investors.