Doing Business with Turkey

1
Doing Business with Turkey
Jennifer Barbarie, Canada-Turkey Business

Counselor Commercial CouncilCanadian Embassy
December 17th, 2004Ankara, Turkey
Toronto, Canada
2
The Canadian Trade Commissioner ServiceWho We
Are

• A global trade service
• part of the Department of International Trade
• 140 offices abroad
• more than 500 trade officers

3
Our mandate
To promote Canadas economic interests in the
global marketplace

• Joint venture development
• Licensing agreements
• Technology transfer
• Investment

• Foreign market access
• Trade leads
• Business contacts
• Events

4
Canada-Turkey Trade Relations

• Two-way trade CDN 738 million (2003)
• Canadian exports CDN 271 million (2003)
• Top Canadian exports coal, iron ore, newsprint,
  wheat/pulses, electrical goods, machinery,
  woodpulp
• Canadian investment in Turkey 669 million

5
Turkeys Economy

• Impressive performance
• Increased productivity
• Stable currency
• Increased market confidence and stability
• Strong growth low inflation
• Strict fiscal and monetary discipline

6
New IMF Agreement

• US 10 billion loan for 2005-2007
• Priorities of the new economic program
• Improved fiscal balances
• Sustained growth
• Job creation
• Reduced inflation
• Reforms in banking, tax social security

7
Pre-accession reforms

• Banking/ financial sector
• Tax administration
• Social security
• Privatization programme

8
2005 Budget

• Increased investment in public projects
• Health
• Energy
• Housing
• Manufacturing
• Education
• Tourism

9
Why do business with Turkey?

• Enhanced market stability and confidence
• Political, economic and judicial reforms
• Alignment with EU standards
• Commercial opportunities in multiple sectors
• Numerous free trade zones
• Strategic location

10
Contact Us

• Commercial Division of the
• Canadian Embassy in Turkey
• ankra-td_at_international.gc.ca