Presentation is loading. Please wait.

Presentation is loading. Please wait.

Market Opportunities in Turkey May 27, 2009. Turkey and its Neighbors.

Similar presentations


Presentation on theme: "Market Opportunities in Turkey May 27, 2009. Turkey and its Neighbors."— Presentation transcript:

1 Market Opportunities in Turkey May 27, 2009

2 Turkey and its Neighbors

3 Turkey’s Key Cities Istanbul – pop. 13,000,000 Business, financial, cultural center Handles 55% of Turkey’s imports & exports Ankara – pop. 4,500,000 Center of Government Key to defense, energy, agribusiness Izmir – pop. 4,000,000 Turkey’s Second largest port Thriving free zone

4 Turkey Facts Population 74 million Median age 27.7 Parliamentary Democracy Charter member of NATO Member of EU Customs Union since 1996 Key Partner of U.S. in Afghanistan, Iraq and elsewhere

5 Economy of Turkey 2008 GDP: $730 billion Per Capita Income: $10,000 GDP Growth Rate: 1.5% Inflation: 10.2% Unemployment: 13.6% Total Imports: $ 193.7 billion Total Exports: $140.7billion

6 Investment Major Sectors Energy Gas & Water Supply Financial Wholesale/Retail Trade Construction Manufacturing Source: Moody’s

7 Major Trading Partners 2008 Russia 13.3% Germany 9.3 Italy 5.6 China 5.1 U.S.A 4.9 France 4.7 EU(27) 40.0%

8 The U.S. and Turkey Exports to Turkey: $10.4 billion in 2008 Imports from Turkey: $4.6 billion Direct Investment from U.S.: $6 billion (cumulative)

9 Top U.S. Exports to Turkey Steelmaking materials Civilian aircraft Fuel oil Raw cotton Metallurgical grade coal Parts for military type goods Organic chemicals Plastic materials Source: U.S. Census Bureau

10 Turkish Exports to the U.S. Semi-finished iron and steel mill products Apparel and household goods-cotton Stone, sand, cement, and lime Other petroleum products Jewelry (watches, rings, etc) Apparel and other textiles Synthetic cloth and fabrics Finished metal shapes and advanced manufacture, except steel Drilling and oil field equipment and platforms Source: U.S. Census Bureau

11 Average Tariff on Industrial Goods: 5 % Customs Union with the European Union Strategic Location for Regional Markets Developing Infrastructure Educated Workforce & Young Population 100% Ownership Allowed Strategic U.S. Ally and Partner Advantages of Doing Business with Turkey

12 Keys to Success Choose Partners Carefully : Research & Due Diligence Know & Mitigate Risks Find Reliable, Experienced Professional Assistance Translate Materials; get the best translators/interpreters Build Relationships Identify Financing Options

13 Trade Mission to Turkey Nov. 8-13, 2009 URL: html://getexportassistance.com/market.html

14 Commercial Service Turkey Ankara: James Fluker, Senior Commercial Officer James.Fluker@mail.doc.gov Thomas Bruns, Commercial Officer Thomas.Bruns@mail.doc.gov Istanbul: Gregory Taevs, Principal Commercial Officer Gregory.Taevs@mail.doc.gov


Download ppt "Market Opportunities in Turkey May 27, 2009. Turkey and its Neighbors."

Similar presentations


Ads by Google