On the occasion of his official visit to New York to attend the 72nd United Nations General Assembly meetings, President Recep Tayyip Erdoğan came together with around 70 businesspeople, including top executives of global companies, NGOs, and senior representatives of the US business community, on September 21. During the executive meeting organized by the Investment Support and Promotion Agency of Turkey (ISPAT) and hosted by the EastWest Institute, President Erdoğan offered US corporate giants insights into Turkey’s investment opportunities and provided updates on the economic agenda.
The meeting in particular focused on Turkey’s investment climate, investment opportunities, economic developments, and reforms. Among the attendees were top executives of prominent companies that included Boeing, Citigroup, Metlife, GE, PepsiCo, Allergan, Cargill, Chevron, UBS, Blackstone, TPI, Oppenheimer, Abraaj, Coca Cola, General Atlantic and Qinvest. Also at the meeting were chairpersons and vice presidents of institutions such as the US Chamber of Commerce.
In his address to the investors, President Erdoğan said that reforms and economic policies are made not only on paper, but that they are also institutionalizing them and providing the required infrastructure for investments that are in the pipeline. He added, “Turkey, while continuing to implement milestone reforms to attract FDI, is also adopting required regulations in accordance with the ever-changing business conditions. Turkey has enacted new legislation governing intellectual property rights. This is of paramount significance for investors as it means Turkey has now become fully compatible with IP regulations in the international arena. In addition, we have recently introduced a production reform that offers investors easy access to various investment incentives, tools, and advantages. We provide international investors willing to operate in Turkey with all kinds of support and facilitation services through ISPAT, which was incorporated exclusively to support investors, as well as other institutions including the Presidential Office.”