1 / 59

1 0.10.2012

“ECONOMIC REVIEW AND TURKEY’S TRADE WITH FINLAND”. 1 0.10.2012. Embassy of Turkey, Office of the Commercial Counsellor. FOREIGN TRADE OUTLOOK. * TURKEY AT A GLANCE * TURKISH ECONOMY IN THE WORLD * FOREIGN TRADE DEVELOPMENTS OF TURKEY * TRADE WITH FINLAND.

harmon
Download Presentation

1 0.10.2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “ECONOMIC REVIEW AND TURKEY’S TRADE WITH FINLAND” 10.10.2012 Embassy of Turkey, Office of the Commercial Counsellor

  2. FOREIGN TRADE OUTLOOK * TURKEY AT A GLANCE * TURKISH ECONOMY IN THE WORLD * FOREIGN TRADE DEVELOPMENTS OF TURKEY * TRADE WITH FINLAND Embassy of Turkey, Office of the Commercial Counsellor

  3. TURKEY AT A GLANCE; STORY OF ONE OF THE FASTEST DEVELOPING DEMOCRATIC COUNTRIES IN THE WORLD... Embassy of Turkey, Office of the Commercial Counsellor 3

  4. MEMBERSHIP TO INTERNATIONAL ORGANIZATIONS MEMBER OF THE WTO MEMBER OF THE ORGANIZATION OF ISLAMIC CONFERENCE CUSTOMS UNION WITH THE EUROPEAN UNION TURKEY MEMBER OF THE NATO MEMBER OF THE OECD FOUNDING MEMBER OF THE ORGANIZATION OF BLACK SEA ECONOMIC COOPERATION FOUNDING MEMBER OF THE ECONOMIC COOPERATION ORGANIZATION FREE TRADE AGREEMENTS WITH THE EFTA & THE CEE COUNTRIES Embassy of Turkey, Office of the Commercial Counsellor 4

  5. TURKISH ECONOMY IN THE WORLD... Embassy of Turkey, Office of the Commercial Counsellor 5

  6. TEXTILES INDUSTRY AS TURKEY IS 3RD LARGEST TEXTILES SUPPLIERIN THE EU MARKET AND 4THHOME TEXTILES EXPORTER IN THE WORLD. Embassy of Turkey, Office of the Commercial Counsellor

  7. CEMENT INDUSTRY PRODUCTION 4th in the World EXPORTS 1stin the Europe 7 Embassy of Turkey, Office of the Commercial Counsellor

  8. JEWELRY TURKEY IS ONE OF THE TOPFIVE COUNTRIES IN TERMS OFWORLD’S GOLD JEWELRY PRODUCTION 8 Embassy of Turkey, Office of the Commercial Counsellor

  9. IRON AND STEEL NATURAL STEEL PRODUCTION10th in the World 9 Embassy of Turkey, Office of the Commercial Counsellor

  10. ELECTRONICS TURKISH TELEVISION INDUSTRY RANKS 2ND IN THE EUROPEAN MARKET. TURKISH HOME APPLIANCES INDUSTRY RANKS 4TH IN THE EUROPEAN MARKET. 10 Embassy of Turkey, Office of the Commercial Counsellor

  11. TRUCKS AND TRANSPORTATION VEHICLES EXPORTS 5THin the WORLD 2NDin the EU 11 Embassy of Turkey, Office of the Commercial Counsellor

  12. TOURISM POTENTIAL of TURKEY 7TH BIGGEST TOURIST DESTINATION IN THE WORLD IN 2011 MORE THAN 31,4 MILLION TOURISTS VISITED TURKEY INCREASED 26 TIMES!... 1980 1.2 Million 12 Embassy of Turkey, Office of the Commercial Counsellor

  13. In 2002, 3 billion dollars. In 2010,9.6 billion dollars. R&D expenditures increased by 218 % between 2002 and 2010 Turkey: R&D Expenditures (Current PPP, USD) Source: OECD, Main Science and Technology Indicators Embassy of Turkey, Office of the Commercial Counsellor

  14. In 2002, 28,964 people. In 2010,81,792 people. Number of R&D personnel increased by 182 % between 2002-2010 Turkey: Number of FTE* R&D Personnel (*)Full Time Equivalent Source: OECD, TURKSTAT, TUBİTAK Embassy of Turkey, Office of the Commercial Counsellor

  15. Constructing Services Abroad Contributions to the overall economic performance: Creating foreign exchange inflow, exports, employment, technology transfer; adding to the machinery stock, facilitating internationalization • 31 out of the world’s top 225 constructing companies are Turkish. • Turkey ranks as the 2nd country (following China) in terms of the number of top constructing companies. 15 Embassy of Turkey, Office of the Commercial Counsellor

  16. Logistics • Europe’s biggest truck fleet • (45 thousands trucks and 1,420 companies) • Almost 1 million flights in 2011 • (2.3 million tonnes freight and 117 million passengers) • 25. biggest fleet in the world • 45 airports and 51 ports • Total length of divided highways will reach 15 thousand kilometers. • High-speed railway projects are carried out rapidly. 16 Embassy of Turkey, Office of the Commercial Counsellor

  17. Energy • Turkey is an energy hub between energy producer and consumer regions Embassy of Turkey, Office of the Commercial Counsellor

  18. Investment Climate in Turkey Embassy of Turkey, Office of the Commercial Counsellor

  19. Time Requiredto Start a Business Source: Invest In Turkey • The required time to start a business is 6 days in Turkey. Embassy of Turkey, Office of the Commercial Counsellor

  20. SkilledLabourAvailability Source: Invest In Turkey • Scoring is between 0 and 10. Embassy of Turkey, Office of the Commercial Counsellor

  21. Transparency in Finance Sector Source: Invest In Turkey • Scoring is between 0 and 10. Embassy of Turkey, Office of the Commercial Counsellor

  22. World’s Biggest Economies (Turkey is 16th biggest GDP based on Purchasing Power Parity, Trillion Dolar, 2010) * In 2010, with 1,038 billion USD (puchasing power parity), she is at 15th place (World Bank) or 16th place (IMF, CIA) Embassy of Turkey, Office of the Commercial Counsellor 22

  23. Europe’s Biggest Economies (GDP based on Purchasing Power Parity, Trillion Dolar, 2010) * In 2010 and 2011, Turkey has been again the 6th biggest economy in Europe. Source: IMF, World Economic Outlook Embassy of Turkey, Office of the Commercial Counsellor 23

  24. Real GDP Growth of SelectedCountries/Country Groups (2011) Source: TURKSTAT, IMF • Turkish Economy expanded by 8,5% in 2011, which was well beyond the expectations of the IMF (7.5%). Embassy of Turkey, Office of the Commercial Counsellor

  25. GNP Per Capita of Turkey (US $)

  26. Growth Forecasts for Selected Countries/Country Groups (%) Source: IMF, OECD, UN, WB • According to the IMF, Turkish Economy is expected to grow by 2.3% in 2012. • In the first two quarters of 2012, Turkish economy grew by 3,2% and 2,9% respectively, resulting in an average growth of 3,05% in the first half of 2012 26 Embassy of Turkey, Office of the Commercial Counsellor

  27. Comparison of Europe and Turkey:Real GDP Growth (2001=100) Embassy of Turkey, Office of the Commercial Counsellor 27

  28. Foreign Direct InvestmentInflows (Billion USD) Source: CBRT 28 Embassy of Turkey, Office of the Commercial Counsellor

  29. EU Defined Budget Deficit/ GDP (%) • EU defined general government budget deficit/GDP ratio was 2.6% in Turkey in 2011 and Turkey satisfied the Maastricht criteria of 3%. Turkey also outperformed 18 EU Countries. • Central government budget deficit/GDP ratio was 1.3% in Turkey in 2011 and Turkey outperformed 23 EU Countries. • In January-August 2012, central government budget deficit has increased to 8.5 billion dollars. Embassy of Turkey, Office of the Commercial Counsellor

  30. Investment Incentive System • The current investment incentive system of Turkey is structured in four sub systems: • General Investment Incentive System • Regional Investment Incentive System • Investment Incentive System for Big Scale Projects • Incentives for Strategic Investments Embassy of Turkey, Office of the Commercial Counsellor

  31. TheAdvantages of FreeZonesforUsers • Tax advantages for manufacturers • Medium-and long-term investment view • Availability to transfer profits • Commercial facilities • Exemptiın from customsduties • 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 bureaucraticprocedures and dynamicbusinessmanagement • Strategic advantages. • Affordable and compatible infrastructure • Supply chain opportunities Embassy of Turkey Office of the Commercial Counsellor

  32. FreeZones in Turkey • 54,022 people have been employed in Free Zones of Turkey in 2011. Embassy of Turkey Office of the Commercial Counsellor

  33. TradeFlows of FreeZones *January-July Source: General Directorate of Free Zones, Foreign Investments and Services • In January-July 2012 total trade volume of the Free Zones reached to 13,5 billion dollars, increasing 9,1% annually. Embassy of Turkey Office of the Commercial Counsellor

  34. Concentration in FreeZonesbyIndustries Source: General Directorate of Free Zones, Foreign Investments and Services Embassy of Turkey Office of the Commercial Counsellor

  35. FOREIGN TRADE DEVELOPMENTS OF TURKEY... Embassy of Turkey, Office of the Commercial Counsellor 35

  36. ExportsbyRegions Source: TURKSTAT Embassy of Turkey, Office of the Commercial Counsellor

  37. Imports by Regions Source: TURKSTAT Embassy of Turkey, Office of the Commercial Counsellor

  38. Annual Exports (Billion USD) Source: TURKSTAT Embassy of Turkey, Office of the Commercial Counsellor

  39. Exports Targets (FOB, Billion USD) Source: Ministry of Development, Medium Term Economic Programme 2012-2014, October 2011 Embassy of Turkey, Office of the Commercial Counsellor

  40. ForeignTradeDevelopments 2010 - 2011 / 2011-2012 January-August * Energy corresponds to Chapter 27. Source:Ministry of Economy • In January- August 2012 compared to the same period of the previous year, exports increased by %12,8 and imports decreased by %2,4 respectively. Embassy of Turkey, Office of the Commercial Counsellor

  41. MonthlyExports • In August 2012 compared to August 2011 exports have increased by 14,5% and reached to the level of 12,9 and imports have decreased by 4,8%up to the level of 18,7 billion dollar. Embassy of Turkey, Office of the Commercial Counsellor

  42. Main Import Partners (Share,%) Main Trade Partners (January-March2012) Main Export Partners (Share,%) Source: TURKSTAT Embassy of Turkey, Office of the Commercial Counsellor

  43. Main ExportItems * Percent change is related to the annual change in exports in 2012. Source: TURKSTAT Embassy of Turkey, Office of the Commercial Counsellor

  44. Main ImportItems * Percent change is related to the annual chamge in imports in 2012. Source: TURKSTAT Embassy of Turkey, Office of the Commercial Counsellor

  45. TRADE WITH FINLAND... Embassy of Turkey, Office of the Commercial Counsellor 45

  46. Foreign Trade of Finland Embassy of Turkey, Office of the Commercial Counsellor 46

  47. Main Trade Partners of Finland Embassy of Turkey, Office of the Commercial Counsellor 47

  48. Major Import Items of Finland in 2011 Embassy of Turkey, Office of the Commercial Counsellor 48

  49. Major Export Items of Finland in 2011 Embassy of Turkey, Office of the Commercial Counsellor 49

  50. TURKEY-FINLANDEXPORTS/IMPORTS (€) Embassy of Turkey, Office of the Commercial Counsellor 50

More Related