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UK Trade & Investment (UKTI)
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UKTI’s mission
1.Support UK companies to grow their
business through international trade;
2.connect UK business to the world’s
top commercial opportunities;
3.attract high quality inward
investment to the UK; and
4.establish whole-of-government
relationships with major wealth
creators to increase exports and
investment.
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Business is Great: Turkey
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The Turkish Economy
Turkey is the world's 18th and Europe’s 7th largest economy
According to HSBC’s “The World
in 2050” report, Turkey will be
the world’s 12th and Europe’s 4th
biggest Economy by 2050. Turkey
aims to be among the world’s 10
largest economies by 2023, on
the 100th anniversary of the
foundation of the Republic. In
September 2010, the FTSE Group
promoted Turkey from ‘secondary
emerging’ status to ‘advanced
emerging’ status.
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The Turkish Economy cont.
• Turkish GDP grew by 8.5% in
2011, making the country the
fastest growing economy of Europe
and OECD.
• According to the OECD, Turkey is
expected to be the fastest
growing economy among OECD
members during 2011-2017,
with an annual average rate
growth of 6.7%.
Istanbul and
Ankara are
among the
biggest cities in
the world in
terms of GDP.
“ Turkey is one of
the world’s
biggest markets
with a
population of 74
million and a
labour force of
27 million.
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Turkish Businesses and FDI
• Turkish companies are becoming major players in the global market place.
• There are currently 145,000 Turkish entrepreneurs operating in Europe,
employing 627,000 people and running €63 billion worth of
businesses.
• Starting a business in Turkey takes an average of 6 days, compared
to the world average of 30.6 days and OECD average of 12 days.
• FDI inflows to Turkey amounted to $15 billon by the end of 2011,
showing a 75% rise in volume over the previous year.
• Two-thirds of Turkey’s overall FDI comes from the EU. (In 2011,
three quarters of Turkey’s overall FDI came from the EU.)
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Turkey’s Export Market
• Turkey's export volume was $134bn in 2011, $21bn more than the
amount registered for 2010.
• As of the end of 2011, Turkey is the EU’s sixth biggest trade partner.
Turkey Turkey and EU exchanged $153bn worth of goods in 2011. In
2011, 41% of Turkey's trade transactions were with the EU.
• Turkey has been in the customs union with 27 EU countries
since 1995 and has free trade agreements with 19 other
countries.
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Key factors about doing Business in Turkey
European
business ethics
and modern
management
practices
Highly (often
foreign)
educated
managers,
growing skills
base
Increasing use
of English for
business, but
fluency varies
People are
very
internationallyminded and
have good
regional
awareness
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UKTI Services
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UKTI Turkey priority sectors
• Energy and Renewables
• ICT and software
• Financial and Professional
services
• Defence Technology and
security
• InfrastructureConstruction & Design
• Education
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ICT & Software
The Turkish Software sector is worth £600m as of 2012 and is
expected to grow
13% annually until 2016, reaching £900m.
Challenges
Considerable upside potential but lack of credit limits
Turkish SMEs' willingness to spend on software
Illegal software still an issue
Opportunities
Cabot Communications: Founded in 1993 and acquired by Vestel in 2001,
Briston based Cabot
provides cutting edge digital TV solutions to Vestel.
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Infrastructure- Construction & Design
The Turkish Construction sector provides 50% of the economic output in
Turkey and created 7% of all of the economy’s employment.
Challenges
Service related aspects, such as in sustainable construction related consultancy
Urban regeneration
Engineering and design
Opportunities
UK firms with expertise in creative and technical services with good networking
skills will get a chance to take part in this high-growth area
Future outlook PPP projects will be more wide-spread and upgrading the existing
infrastructure (motorways, railways, airports) as well as building new ones will be
in the agenda.
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Automotive
The Turkish Automotive sector operated with a total vehicle
production of 1.2m with a 9% increase in 2011 compared to 2010.
Challenges and Opportunities
Regional hub for automotive production & sales
Base for electric-powered vehicles
Growth in R&D
Design & Technology Management
Engineering Consultancy
Future outlook
Annual production is expected to approach 2m in 2015.
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Aerospace and Airports
The Turkish Aerospace and Airports sector consists of 45
operational airports. Total annual
traffic figure is 45 million PAX.
Challenges and Opportunities
Airport Infrastructure Projects
3rd Istanbul Airport announced
Future outlook
Air traffic growth at 10% pa, higher than EU average, Technical
Services
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Education and Skills
The Turkish Education sector consists of a population of 30million students in primary,
secondary,
tertiary education
Population increase rate 2%. Each year, 1.8 million students graduate from
high school.
Challenges and Opportunities
Corporate Training
Business English
Continuous
Personal Development
Vocational Training
How we can help Customized market research, identifying opportunities and
contacts, building profile, organising events.
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UKTI Turkey- Third Markets
A gateway to Central Asia and The Middle East
Challenges and Opportunities
Partnerships - The complimentarity of
strengths
Libya, Iraq and GCC- Infrastructure and
Services Sectors
Success Stories
Genel Enerji & Vallares, Northern Iraq
Scott Wilson – Makkah-Medina Railway
BP & Shah Deniz (Azerbaijan) Regional
Gas Distribution
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Other current UKTI Turkey priority projects
• GREAT campaign – high profile international
campaign supported by GREAT British brands
and personalities.
• UK Export Finance – re-launched and
repositioned to better support exporters seeking
secure financial solutions when trading
internationally.
• OpentoExport.com – a community where
companies can collaborate with service
providers to help take their business overseas.
Launch in October 2012; powered by Hibu.
• Sharepoint- collaborative space for file sharing
within the Turkey network.
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The UKTI team in Turkey
Based in three cities; Ankara, Istanbul and Izmir, UKTI Turkey operates with a total team of 21 professionals.
UKTI Turkey (Istanbul and Izmir)
(100% unless otherwise stated)
HMA Turkey
David Reddaway
Director UKTI
Leigh Turner
50%
Head UKTI
(Istanbul and Izmir)
Sayed Shah
70%
Ally Ayse Gunduz LE1
Central Asia & South Caucasus
Regional Coordinator
(FCO Funded)
PA, Trade & Investment Adviser (IST)
Aysel Yaman
70%
Vefa Atag LEII
Central Asia & South Caucasus
Regional Officer
(UKTI Funded)
Head of Inward Investment LE1
Sernur Tatari
Inward Investment Adviser LE2
Silmla Cinar
Marketing & Events Adviser LE3
Nirva Altunkeser
Trade Manager LE1
Sinan Akkaya
ICT, FS
Trade Manager LE1
Basak Toker
Ports, Oil and Gas
Advanced Engineering
Trade Adviser LE3
Itir Oner
Marine
Trade Adviser LE3
Sibel Bilgin
Automotive
Trade Manager LE1
Ozge Dursun
Construction and Design
Trade Manager LE1 (IZ)
Guliz Kiymaz
Food and Agriculture
Textiles and Clothing
Trade Advisor LE3
Serenay Yilmaz
Consumer Goods*
Creative and Media
Our objective is to double trade between Turkey and the UK by 2015.
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The UKTI team in Turkey (2)
UKTI Turkey (Ankara)
HMA Turkey
David Reddaway
Istanbul and
Ankara are
among the
biggest cities in
the world in
terms of GDP.
Director UKTI (IST)
Leigh Turner
50%
Our aim is to double
trade between UK
and Turkey by 2015.
Head UKTI
(Ankara)
Yvonne Cherrie
Deputy Hd UKTI (ANK)
Lisa Banks
Trade Manager LE1
Zeyno Sobaci
Railways, Aerospace, Airports,
Education
Trade Manager LE1
Umay Uysal
Enviroment, Water, Energy
Trade Manager LE1
Belgin Clissold
DSO UKTI
Defence Sales
Trade Adviser LE3
Asiye Yaman
Healthcare/
Life Sciences
Trade Adviser LE3
Ipek Alparslan
Leisure & Tourism
Trade Adviser LE3
Mehmet Ali Bortucene
Fire, Police, Security
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