Turkey’s advantages;
- Free Trade Agreement between the United Kingdom of Great Britain and Northern Ireland and the Republic of Turkey is the second comprehensive Free Trade Agremeent . New deal, covering all industrial, agricultural goods, taked effect on 2021, Jan. 1. Turkey&UK are not only accelerating trade but also aiming to grow. In a statement following the signing, the UK government said the deal covers trade worth more than £18 billion ($24.3 billion) by 2023. Visit the link for Agrement details https://www.gov.uk/guidance/summary-of-the-uk-turkey-trade-agreement
- After the pandemic, global supply chains will change, local centers will rise, there are significant advantages for Turkey, which has production capacity in its region. the historic pact will bolster key supply chains across many industries after a year of pandemic disruption.
- Britons will be able to buy high-quality products, including white goods, manufactured in Turkey. Apart from this, it will also make a great contribution to the consumers to buy decent products at decent prices in agricultural products.
- Turkey’s strategic location at the crossroads of Europe and Central Asia, and its skilled workforce is a winning formula. Turkey is a rising regional hub for manufacturers and businessmen.
- Turkey offers abundant opportunities in a wide variety of sectors, pulling ahead of the competition in terms of quality and value for money. It provides over 16.000 different products, a number which is constantly increasing through innovative and specific solutions. The capability to produce and export a variety of products makes Turkey the perfect supplier for all your demands in all stages of the supply chain.
- Turkey is a country that has potential to provide the documents required by the standard of
FDI IN TURKEY
Turkey’s impressive growth performance and structural reforms implemented over the past decade and a half have landed it on the radar of many international investors. According to FDI Markets, Turkey became the 9th most popular FDI destination with 160 projects in overall Europe in 2020, retaining its ranking in 2019, while increasing its share in overall Europe from 3 percent in 2019 to 3.1 percent in 2020, despite the severe effects of Covid-19. In addition, within its peer countries in emerging Europe, Turkey was ranked as the 2nd most popular FDI destination after Poland, with a 16 percent share in 2020, up from the 3rd spot in 2019.
FDI Inflows to Turkey
Up until 2002, total FDI into Turkey stood only at USD 15 billion, while the country has since attracted around USD 225 billion of FDI during the 2003-2020 period.
