1. REPUBLIC OF TURKEY PRIME MINISTRY Investment Support and Promotion Agency of Turkey ISPAT 28.04.2016 Ahmet Burak Daglioglu adaglioglu@invest.gov.tr

2. Investment Support & Promotion Agency of Turkey  Established in 2006 to increase & attract direct investment in Turkey  Attached to the Prime Ministry  Private sector approach with public sector capabilities  ONE STOP SHOP approach  Providing extensive services: Coordination with relevant governmental institutions Market information and analyses Site selection Matchmaking potential partners Facilitating procedures, such as: - incentive applications; EIA reports, work permits and etc.

3. Investment Support & Promotion Agency of Turkey The International NetworkWebsite & Mobile Apps  www.invest.gov.tr www.invest.gov.tr  Available in 12 languages

4. 17 th Largest Economy in the World 6 th when compared to EU Countries (GDP at PPP 2014) Increasing Population 78.741.054 2002

5. Turkey`s economic growth has paved the way for the emergance of a sizeable middle-class

6. Source: TURKSTAT Increasing and diversifying export In addition to a robust domestic market, Turkey also offers lucrative export opportunities in the surrounding markets… 2002 2015 Number of export products with over $1 billion 9 31 Number of export markets with over $1 billion 8 32 Share of top 5 countries (%)47 32

7. Turkey`s economy experienced an admirable improvement with sustainable and robust growth between 2003 and 2015.

8. 1 st Generation Reforms FDI Law Law on Work Permits for foreigners Public Financial Management and Control Law Banking Law Renewable Energy Law Investment Support and Promotion Agency was etablished New regulation on investment incentives Tax system reform (Corporate tax rate decreased from %30 to %20) Social Security Reform New Insurance Law Mortgage Law Law on R&D incentives Amendments to Customs Law Amendments to Investment Incentive Regime Law on Work Permits for Foreigners New Commercial Code New Code of Obligation New Capital Markets Law Amendements to Investment Incentive Regime Electricity Market Law Second Generation Structural Reform Programmes in 25 areas Structural Reforms and Political Stability leads to the success story

9. Liberal investment climate FDI Regulatory Restrictiveness, 2014 (1=Closed to FDI, 0=Open to FDI) Foreign Direct Investment (FDI) Law Bilateral Investment Protection Treaties with 75 countries Double Taxation Agreements with 80 countries National Treatment No restriction on foreign ownership International Arbitration Guarantee of Transfers Real Estate purchase Employment of Expats

10. Source: CBRT, MoE Less Restrictive Has Turkey been complacent after implementing comprehensives reforms with solid results?

11. Aims : Qualified people, strong society Innovative production, sustainable growth Liveable places, sustaineble environment International cooperation for development Road to 2023 2nd generation structural reforms: 25 Titles & 1300+ actions

12. Action Plan of 64th Government (2016) www.reformlar.gov.tr 216 Actions & Reforms Targets for 3 months, 6 months and 12 months 44 of them completed in first 3 months Strengthening democracy, rights and liberties Improving society and widening role of social state Improving investment environment and increasing competitiveness of economy

13. REPUBLIC OF TURKEY PRIME MINISTRY Investment Support and Promotion Agency of Turkey ISPAT 28.04.2016 Ahmet Burak Daglioglu adaglioglu@invest.gov.tr THANK YOU