Turkey Trade Channel Newsletter 4

www.tcp.gov.tr Year: 4

Issue: 7 Mar. 25 – Apr. 05, 2013

NEWS Incentive Package Nets $26 Bln in Investment since June Turkey’s new regional investment package has attracted TL 47.4 billion ($26 billion) in investment between when it came into effect in June of last year and February, a number that shows growing interest in the country’s least-developed regions, Economy Minister Zafer Caglayan said. Speaking to reporters in Ankara, the minister said the system had attracted TL 9.7 billion in total foreign and domestic investment in the first two months of 2013, a 23% increase in total investments in Turkey during the same period last year.

The system was formerly known as the Organized Industrial Zone (OSB) plan and divides the country into six regions based on development level and affords tax breaks and labor subsidies for regions based on these development levels. Caglayan said the plan’s progressive structure means it will work as a “jobs engine” for the large number of unemployed people in less-developed regions.

To view the news report please visit Ministry of Economy website.

FTA with S. Korea to Go into Effect in a Month Turkish Economy Minister Zafer Caglayan said that the Free Trade Agreement (FTA) signed with South Korea on August 1, 2012 would go into effect on May 1, 2013. In a written statement released, Zafer Caglayan stressed that Turkish exporters would be able to enter the South Korean market, worth 520 billion USD, in a more advantaged way with the FTA. To view the news report please visit Ministry of Economy website.

Turkish Eximbank Insurance Program

to

Launch

Political

Risk

Turkish Economy Minister Zafer Caglayan said that Turkey’s state-owned export credit agency Eximbank is about to launch a political risk insurance program for Turkish construction companies. The insurance program is for Turkish contractors doing business abroad, and it aims to minimize losses caused by political risks such as revolution, insurrection, civil unrest, terrorism and war. The economy minister noted that within the scope of the cooperative protocols that Turkish Eximbank signed with two institutions — the Multilateral Investment Guarantee Agency (MIGA), which is a member of the World Bank Group, and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IDB) — Eximbank is more than able to provide political risk insurance to Turkish construction companies.

To view the news report, please visit Ministry of Economy website.

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www.tcp.gov.tr Year: 4

Turkish-Gambian Established

Business

Issue: 7 Mar. 25 – Apr. 05, 2013

Council

to

Be

Officials of the Gambia Chamber of Commerce and Industry (GCCI) and the Foreign Economic Relations Board (DEIK) of Turkey signed an agreement on March 11, 2013 in Istanbul, Turkey for the establishment of Turkish-Gambian Business Council (TGBC) as part of the continued efforts to bolster trade between the two countries. The signing of an agreement between GCCI and DEIK was witnessed by the Gambian minister of Trade, Integration and Employment, Kebba S. Touray. The release also indicated that GCCI and the Union of Chambers and Commodity Exchanges of Turkey (TOBB) signed an agreement to express support to the creation of Turkish-Gambian and Gambian-Turkish Business Councils. The primary objective of these Councils, it went on, is to contribute to the improvement of the climate of trade and investment between Turkey and Gambia.

To view the news report, please visit Ministry of Economy website.

Turkey Is Ready to Set Up an Industrial Zone in Cameroon Turkey’s Minister of Economy Zafer Caglayan said Turkey was ready to establish a Turkish organized industrial zone in Cameroon. Caglayan spoke at the Turkey-Cameroon Trade and Investment Forum and said, 53 years old diplomatic relations between Turkey and Cameroon would continue by developing.

To view the news report please visit Ministry of Economy website.

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SECTORS Turkish Contracting and Engineering Services Turkish overseas contracting services sector has undertaken approximately over 7 thousand projects in 100 countries worth more than 242 billion Dollars since 1972. Capable of carrying out large size and value-added projects such as airports, subways, industrial plants, natural gas and petroleum refineries, highways and energy stations, Turkish contractors have successfully completed big and milestone projects especially in the Commonwealth of Independent States, the Middle East and Africa.

As the Ministry of Economy, we set our goals as increasing the value of the overseas construction projects undertaken by Turkish companies to 100 billion Dollars in 2023.

That is why we stick to our vision of “creating a Turkish construction sector that is the leader in its region and respected in the world.” Governments and international companies can contact us to help them find Turkish contractors and engineering firms for their projects or as partners in their joint ventures in these regions where Turkish contractors have a strong local know-how and experience.

Contact: ydmh@economy.gov.tr For more information, please proceed to Ministry of Economy website.

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www.tcp.gov.tr Year: 4

Issue: 7 Mar. 25 – Apr. 05, 2013

Turkish March Automotive Sales Up 6% Turkish automotive sales showed further signs of recovery, rising 6% in March to 68,774 units, after struggling in 2012, the Automotive Distributors’ Association (ODD) said.

First quarter automotive sales meanwhile rose 12.41% to 152,604 units, the association said in an emailed statement. Turkey’s automotive sector was hit by a shrinking export market in Europe and weaker domestic demand in 2012.

To view the news report, please visit Ministry of Economy website.

AYSAD – Association of Elevator and Escalator Industrialists AYSAD is an association bringing together the leading elevator companies and component manufacturers in Turkey. Founded in 1972, the Association has made great contributions to the development of the elevator industry in Turkey thanks to its continuous activities. Also a member of ELA (European Lift Association), AYSAD represents Turkish elevator industry in national and international platforms.

For more information, please proceed to AYSAD.

EVENTS Turkish Companies to Participate in Hannover Messe 2013 Hannover Messe 2013, the world’s most important technology fair, will be organized in Hannover, Germany on April 8 – 12. Turkish National Participation at the event will be organized with the support of Republic of Turkey Ministry of Economy. Turkish companies operating in the industrial products sector will be present at the fair.

For more information about the fair, please visit its website.

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www.tcp.gov.tr Year: 4

Issue: 7 Mar. 25 – Apr. 05, 2013

Solarex Istanbul, April 11-13, 2013 Aimed at experts from the solar industry as well as potential solar energy users, Solarex 2013, the 6th International Solar and Photovoltaic Technologies Exhibition, will take place from April 11th to 13th, 2013 in Istanbul, Turkey. The exhibition is one of the most important events in the centre of continents covering the Middle East, Russia, Europe and Africa.

For more information about the exhibition, please visit its website.

ICCI Conference April 24-26, 2013

and

Exhibition,

Istanbul,

The 19th of the ICCI Conference and Exhibition, which is held since 1994 and regularly attended by approximately 14.000 local and foreign participants, will be held, with enhanced content, as Energy and Environmental Technology Systems Fair and Conference in Istanbul on April 24-25-26, 2013.

For more information about the exhibition, please visit its website.

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Warning: This bulletin was prepared by the Republic of Turkey Ministry of Economy General Directorate of Exports only for information purposes, by making use of public resources which are assumed to be reliable. Ministry of Economy in no way guarantees that the information included here is completely accurate and does not accept the liability of harms and losses that may result from the utilization of information included in this bulletin.

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