1 Business with Turkey and the Commercial Counsellors Office ZEYNEP YONDEM Commercial Counsellor Turkish Embassy

2 Turkish Exports (billion USD and % change)

3 Exports by sectors Sectoral Breakdown of Turkish Exports (%) EXPORTS FROM TR TO UK  Textiles and Clothing: 37 %  Automotive Industry: 17 %  TVs and white goods: 14 %  Fresh&dried vegetables: 4 %

4 Turkish Imports (billion USD and % change)

5 Imports by sectors  Oil and natural gas: 19,1 %  Chemicals: 13,3 %  Automotive Products: 8,0 %  Other vehicles and Transp. Eq.: 15,2%  Office machines and telecom Eq. : 4,8 %  Electrical machinery and apparatus: 3,7 % IMPORTS FROM UK TO TR  Automotive: 30 %  Chemicals: 18.4 %  Other mach. and vehicles: 16.3 %  Metal Ores and Scrap: 10.3%  Non-electrical machinery: 10 %  Pharmaceuticals: 7 %

6 Turkey and EU Customs Union has been established between Turkey and EU since  Accession negotions has started since October  Turkey will align to the EU acquis communatutaire.  Free circulation of industrial products  Preferential regime applies in agricultural products  Common customs tariff applies to third countries  VAT is paid in importing country  ATR (Industrial products), EUR1 (Agricultural products)

7 Trade with UK UK is 2nd largest export destination and 8th largest import source of Turkey Trade with UK (billion USD)

8 Business Possibilities  Trade  Outsourcing  Partnerships  Distribution Base

9 Automotive  Different types of passenger cars, commercial vehicles, buses, tractors are being produced  Already a major production base with Turkish brands like BMC, TEMSA, OTOKAR, TIRSAN  Production for global brands like MAN, MERCEDES, HONDA, TOYOTA, FORD, FIAT, RENAULT  Customized production and design schemes  Fast delivery  Auto spare part industry has an extensive and experienced production base

10 Machinery  Strong infrastructure of casting industry with companies spread over the country  Flexible production structure  Short delivery times  Consistent quality  Traditional exporter industry  Need for OEM partners for outsourcing

11 Distribution Base Logistics  An excellent location to be a regional distribution base  Provides access to major markets  Superior logistics infrastructure compared to the region  Ranks high in the region according the Logistics Performance Index of the World Bank. Europe GDP: 14,801 Billion $ Popln: 657 million Middle East& Africa GDP: Billion $ Popln: 311 million Central Asia& Caucasia GDP: 113 Billion $ Popln: 75 million Russian F. GDP: 766 Billion $ Popln: 144 million

12 Doing business  Established export culture  Exports: 60%EU+10% Non-EU Europe  Proven quality  Familiarity to European business culture, expectations, standards  Practicalities of Customs Union  Proximity  Delivery times, communication  Minimum language barrier

13 Office of the Commercial Counsellor The services offered to UK companies are;  Practical business data  Guide to do business in Turkey  Business ethics  Trading and economic highlights  Exhibitions, major events

14 Office of the Commercial Counsellor The services offered to UK companies are;  Market and sector information  Market data  Sector reports  Supplier information  Sector bodies and associations

15 Office of the Commercial Counsellor The services offered to UK companies are;  Information about rules and regulations  Import-Export legislation  Customs  Standards  Regulatory bodies  Trade related tax issues

16 Office of the Commercial Counsellor The services offered to UK companies are;  Assistance for finding business partners  Providing potential partner lists from different and reliable sources  Matchmaking  Business advice

17 Office of the Commercial Counsellor The services offered to UK companies are;  Trade mission organizations  Missions held simultaneously with major international exhibitions  Funded by Turkish government  Programs include, briefings, bilateral business meetings, site and exhibition visits  Trip logistics arranged

18 Business with Turkey and the Commercial Counsellors Office ZEYNEP YONDEM Commercial Counsellor Turkish Embassy Thank You..