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STRUCTURE OF TURKISH FOREIGN TRADE Barış Serkan Kopurlu.

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Presentation on theme: "STRUCTURE OF TURKISH FOREIGN TRADE Barış Serkan Kopurlu."— Presentation transcript:

1 STRUCTURE OF TURKISH FOREIGN TRADE Barış Serkan Kopurlu

2 Economic Targets of Medium Term Program *Actual ** Forecast (Medium Term Program, Ministry of Development – October 8, 2013)  Medium Term Program which covers period aims to reduce the current account deficit gradually and increase the growth rate by minimizing the effects of global uncertainty. February 2014 Ministry of Economy 2

3 Growth Forecasts for Selected Countries/Country Groups (%) February 2014 Ministry of Economy 3

4 GDP per capita

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6 EU Defined Budget Deficit/ GDP (%) February 2014 Ministry of Economy 6

7 Government Debt / GDP (%) February 2014 Ministry of Economy 7

8 Unemployment Rates (%)  In November 2013, both the unemployment rate and Seasonally adjusted unemployment rate was 9.9%.  Seasonally adjusted unemployment rate in Euro Area was 12.0% and 10.7% in (EU28) in December In terms of unemployment ratio Turkey outperformed 14 EU countries according to current data.  After Russia, Germany, England and France, Turkey has the 5th largest labor force among the European countries. (2012, World Bank) Source: TURKSTAT February 2014 Ministry of Economy 8

9 Targets in Merchandise Trade February 2014 Ministry of Economy 9

10 Turkey's Share in Global Merchandise Exports (%) February 2014 Ministry of Economy 10

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12 Foreign Trade Developments February 2014 Ministry of Economy 12

13 Main Export Items 13 February 2014 Ministry of Economy

14 Main Import Items 14 February 2014 Ministry of Economy

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16 TURKISH EXPORTS

17 TURKISH IMPORTS

18 Tariff Rates Source: WTO Tariff Profiles, 2012 February 2014 Ministry of Economy 37

19 Breakdown of Foreign Investments by Country Source: CBRT 51 * January-December February 2014 Ministry of Economy

20  Tax advantages for manufacturers  Medium-and long-term investment view  Availability to transfer profits  Commercial facilities  Exemption from customs duties  Acquisition of the documents relating to the free movement of goods under the scope of Customs Union with the EU  Principle of equality  No time restrictions  Flexibility to adjust to the market needs and conditions  Reliable inflation accounting  Market access to domestic and foreign markets  Reduced bureaucratic procedures and dynamic business management  Strategic advantages  Affordable and compatible infrastructure  Supply chain opportunities The Advantages of Free Zones for Users 55 February 2014 Ministry of Economy

21 Free Zones in Turkey  57,010 people have been employed in Free Zones of Turkey in February 2014 Ministry of Economy


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