In and After Global Recession Tuesday, 2 March 2010

A timely assessment of Turkish Export Markets and Trends, Export Finance and Logistics in and after global recession presented by sector experts.

WHY TURKEY?
Turkey has been recognised by businesses and official bodies in both countries as a high-growth market for UK exports. The UK Trade & Investment (UKTI) has identified Turkey with priority market designation. Turkey is the world’s 15th and Europe’s 6th largest economy. It is predicted that Turkey will be one of the world’s top ten largest economies by 2050. Turkey is a large emerging market and, with an average growth rate of 6.7%, it has recorded some of the highest rates in the OECD between 2002-2007. The Turkey Export Market is huge with a population of around 71 million, 50% of which is under the age of 28. Turkey has the world’s 13th largest urban population at approximately 50 million.

UK TURKEY TRADE

In the period from 2001 through to 2007, UK exports to Turkey achieved each year a sustained increase of 8.9%. In the same period, the average annual growth rate for Turkish exports to the UK became 15.3%. Turkey ranked 3rd and 4th in growth rate ranking among UK trade partners; only China, Russia and Poland annual growth rate exceeding Turkey. The trade between the UK and Turkey rose sharply from 4.1 billion US$ in 2001 and reached its highest value of 14.1 billion US$ in 2007. While the first two quarters of 2008 recorded even further rises, the effect of the financial and economic crises showed itself in the second part of 2008; the third quarter of 2008 remained stagnant and the 4th quarter sharply declined. 2008 ended 4.3% short of 2007. The negative effect of the economic climate on UK Turkey trade continued in 2009, but from November 2009, the trade between the two countries began to rise again.

UK Direct Investment and British Companies in Turkey
UK direct investment in Turkey rose from 126 million US$ in 2004 to 2,281 million US$ in 2008. The number of UK based companies in Turkey went up from 418 in 2001 to 2,082 in 2008. Among these are HSBC, Marks & Spencer, Tesco, Aviva, Shell, Cadbury Schweppes, Vodafone, Thames Water, Corus, BSI, GSK, Arcadia Group, Balfour Beatty, Biwater and Harvey Nichols.

Opportunities in Turkey for UK investment and trade
Banking, Insurance, Financial Services, Mortgage market
Transport Sector (Rail network, commuter transportation, Airports, Road network
Energy (Oil, Gas, Solar, Renewables)
Environment (Waste Management, Water Basin Management)
Agri-Business (Organic), Renovation, Construction Projects- Materials
Engineering, ICT, Software, Education, Training, Textiles, Clothing. Automotive,
Healthcare, Medical, Pharmaceutical, Mining, Minerals,
Privatisations (Sea ports, Turkish Telecom, Maritime Transportation, Food, Mining, Petrochemicals, Textile, Energy and Banking)

We look forward to seeing you at this important seminar on Trading with Turkey.

To register to this event, please contact 020 7321 0999 or info@tbcci.org