"Economic Review and Turkey'S Trade With Finland": Embassy of Turkey, Office of The Commercial Counsellor

ECONOMIC REVIEW AND TURKEYS TRADE WITH FINLAND
10.10.2012
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
TURKEY AT A GLANCE;
STORY OF ONE OF THE FASTEST DEVELOPING DEMOCRATIC COUNTRIES IN THE WORLD...
MEMBERSHIP TO INTERNATIONAL ORGANIZATIONS

MEMBER OF THE MEMBER OF THE ORGANIZATION OF ISLAMIC CONFERENCE MEMBER OF THE NATO FREE TRADE AGREEMENTS WITH THE EFTA & THE CEE COUNTRIES
4
CUSTOMS UNION WITH THE EUROPEAN UNION
WTO
MEMBER OF THE OECD FOUNDING MEMBER OF THE ECONOMIC COOPERATION ORGANIZATION
TURKEY
FOUNDING MEMBER OF THE ORGANIZATION OF BLACK SEA ECONOMIC COOPERATION
TURKISH ECONOMY IN THE WORLD...
TEXTILES INDUSTRY
AS TURKEY IS 3RD LARGEST TEXTILES SUPPLIER IN THE EU MARKET AND 4TH HOME TEXTILES EXPORTER IN THE WORLD.
CEMENT INDUSTRY
EXPORTS 1st in the Europe
PRODUCTION
4th in the World
JEWELRY
TURKEY IS ONE OF THE TOP FIVE COUNTRIES IN TERMS OF WORLDS GOLD JEWELRY PRODUCTION
IRON AND STEEL

NATURAL STEEL PRODUCTION
10th in the World
ELECTRONICS
TURKISH TELEVISION TURKISH HOME APPLIANCES INDUSTRY RANKS 2ND IN INDUSTRY RANKS 4TH IN THE EUROPEAN MARKET. THE EUROPEAN MARKET.
10
TRUCKS AND TRANSPORTATION VEHICLES
EXPORTS
5TH in the WORLD 2ND in the EU
11
TOURISM POTENTIAL of TURKEY
7TH BIGGEST TOURIST DESTINATION IN THE WORLD
IN 2011 MORE THAN 31,4 MILLION TOURISTS VISITED TURKEY
1980
1.2 Million
INCREASED 26 TIMES!...
12
Turkey: R&D Expenditures (Current PPP, USD)
In 2002, 3 billion dollars. In 2010, 9.6 billion dollars.
R&D expenditures increased by 218 % between 2002 and 2010
Source: OECD, Main Science and Technology Indicators
13
Turkey: Number of FTE* R&D Personnel

In 2002, 28,964 people. In 2010, 81,792 people. Number of R&D personnel increased by 182 % between 2002-2010
(*)Full Time Equivalent Source: OECD, TURKSTAT, TUBTAK
14
Constructing Services Abroad

Years 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012*
* January-April
Projects 128 276 418 403 518 575 613 477 573 455 50
Countries 32 37 39 34 36 44 40 45 50 45 14
Cum. Avr. Project Project Volume ($) Volume ($) 2.438 4.205 11.286 11.164 20.578 24.962 24.267 22.593 22.635 19.363 3.482 19 15 27 28 40 43 40 47 40 43 62
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 worlds top 225 constructing companies are Turkish. Turkey ranks as the 2nd country (following China) in terms of the number of top constructing companies.
15
Logistics
Europes 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
Energy
Turkey is an energy hub between energy producer and consumer regions

Embassy of Turkey, Office of the Commercial Counsellor 17
Investment Climate in Turkey

10 REASONS TO INVEST IN TURKEY 1- SOUND ECONOMIC PERFORMANCE 6- CENTRAL LOCATION 2- YOUNG and DYNAMIC 7- ENERGY CORRIDOR and POPULATION TERMINAL of EUROPE 3- QUALIFIED and COMPETITIVE 8- LOW TAX RATES and LABOR FORCE INCENTIVE FACILITIES 4- LIBERAL and INNOVATIVE 9- CUSTOMS UNION with EU INVESTMENT CLIMATE and OPEN ECONOMY 5- INFRASTRUCTURE 10- DOMESTIC MARKET
18
Time Required to Start a Business
Source: Invest In Turkey
The required time to start a business is 6 days in Turkey.

Skilled Labour Availability
Scoring is between 0 and 10.

Transparency in Finance Sector
Scoring is between 0 and 10.

Worlds 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
Europes Biggest Economies

(GDP based on Purchasing Power Parity, Trillion Dolar, 2010)
Switzerland Austria Greece Sweden Belgium Netherlands Poland Turkey Spain Italy France United Kingdom Germany 0,0 0,5 1,0 1,5 2,0 2,5 3,0
* In 2010 and 2011, Turkey has been again the 6th biggest economy in Europe.
Source: IMF, World Economic Outlook
23
Real GDP Growth of Selected Countries/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%).
GNP Per Capita of Turkey (US $)
25
Growth Forecasts for Selected Countries/Country Groups (%)
Growth Forecasts for Selected Countries/Country Groups (%) Turkey Euro Area US Brazil Russia India China IMF OECD WB UN
2012 2013 2012 2013 2012 2013 2014 2012 2013 2.3 3.2 3.3 4.6 2.9 4.0 5.0 3.2 5.4 -0.3 0.7 -0.1 0.9 -0.3 0.7 1.4 -0.3 0.9 2.0 2.3 2.4 2.6 2.1 2.4 2.8 2.1 2.3 2.5 4.6 3.2 4.2 2.9 4.2 3.9 3.3 4.5 4.0 3.9 4.5 4.1 3.8 4.2 4.0 4.4 4.4 6.1 6.5 7.1 7.7 6.6 6.9 7.1 6.7 7.2 8.0 8.5 8.2 9.3 8.2 8.6 8.4 8.3 8.5
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
Comparison of Europe and Turkey: Real GDP Growth (2001=100)

160 150 140 130 120 110 100 90
00 Q1 00 Q3 01 Q1 01 Q3 02 Q1 02 Q3 03 Q1 03 Q3 04 Q1 04 Q3 05 Q1 05 Q3 06 Q1 06 Q3 07 Q1 07 Q3 08 Q1 08 Q3 09 Q1 09 Q3 10 Q1 10 Q3
Turkey Portugal
Hungary Italy
Poland Euro Area
Spain
27
Foreign Direct Investment Inflows (Billion USD)
Source: CBRT
28
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.
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
30
The Advantages of Free Zones for Users

Tax advantages for manufacturers Medium-and long-term investment view Availability to transfer profits Commercial facilities Exemptin from customs duties 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 bureaucratic procedures and dynamic business management Strategic advantages. Affordable and compatible infrastructure Supply chain opportunities
Embassy of Turkey Office of the Commercial Counsellor
31
Free Zones in Turkey
54,022 people have been employed in Free Zones of Turkey in 2011.
32
Trade Flows of Free Zones

Million $ 2008 From Domestic Market to Free Zones 3.195 From Free Zones to Abroad 5.874 From Abroad to Free Zones 8.248 From Free Zones to Domestic Market 7.262 TOTAL TRADE VOLUME 24.578
*January-July Source: General Directorate of Free Zones, Foreign Investments and Services
2009 2.177 4.914 5.493 5.174 17.757
2010 2.295 4.361 6.626 5.291 18.572
2011 2.668 6.924 7.253 5.801 22.646
2011* 1.478 3.305 4.363 3.240 12.386
2012* 1.848 3.985 4.204 3.477 13.513
In January-July 2012 total trade volume of the Free Zones reached to 13,5 billion dollars, increasing 9,1% annually.
33
Concentration in Free Zones by Industries

Istanbul Ataturk Airport FZ Antalya FZ Kocaeli FZ Avrupa FZ Mersin FZ Bursa FZ Izmir FZ TUBITAK-MAM FZ Adana-Yumurtalik FZ Services and Software Yacht-building, Medical Equipment Ship-building Ready-Wear Ready-Wear Automotive sub-industries Leather R&D Activities Ship Repair and Maintenance
Source: General Directorate of Free Zones, Foreign Investments and Services
34
FOREIGN TRADE DEVELOPMENTS OF TURKEY...
35
Exports by Regions
August 2012 Change(%) 4.330 -12,1 155 -27,5 8.389 37,4 1.041 -8,3 911 8,8 647 24,9 263 -17,3 630 -5,2 455 2,0 52 38,9 123 -32,2 5.765 69,1 4.810 100,2 955 -5,0 39 -13,0 3 -84,2 12.874 14,5 January-August 2011 2012 Change(%) 42.152 38.171 -9,4 1.607 1.571 -2,2 44.935 60.313 34,2 8.165 8.791 7,7 6.520 8.787 34,8 4.333 6.188 42,8 2.186 2.600 18,9 5.186 6.388 23,2 3.498 4.451 27,3 417 553 32,6 1.271 1.384 8,8 24.658 35.951 45,8 17.901 29.104 62,6 6.757 6.847 1,3 306 311 1,7 100 85 -15,2 88.693 100.055 12,8
(Million $) A- EU (27) B- FREE ZONES IN TURKEY C- OTHER COUNTRIES 1- OTHER EUROPE 2- AFRICA North Africa Other Africa 3- AMERICA North America Central America And Caraips South America 4- ASIA Near And Middle Eastern Other Asia 5- AUSTRALIA AND NEW ZEALAND 6- OTHER COUNTRIES AND REGIONS TOTAL
2011 4.925 213 6.106 1.135 837 518 318 665 446 38 181 3.408 2.403 1.005 45 16 11.245
Source: TURKSTAT
30
Imports by Regions
(Million $) A- EU (27) B- FREE ZONES IN TURKEY C- OTHER COUNTRIES 1- OTHER EUROPE 2- AFRICA North Africa Other Africa 3- AMERICA North America Central America And Caraips South America 4- ASIA Near And Middle Eastern Other Asia 5- AUSTRALIA AND NEW ZEALAND 6- OTHER COUNTRIES AND REGIONS TOTAL 2011 7.125 81 12.474 3.077 865 242 622 1.845 1.342 73 430 6.002 1.649 4.353 39 646 19.679 August 2012 Change(%) 6.708 -5,8 70 -13,1 11.957 -4,1 2.780 -9,7 498 -42,5 315 30,2 182 -70,7 1.438 -22,1 1.022 -23,9 84 14,5 332 -22,7 6.054 0,9 2.086 26,5 3.968 -8,8 180 362,3 1.008 55,9 18.736 -4,8 January-August 2011 2012 Change(%) 61.597 57.059 -7,4 701 697 -0,6 98.177 98.892 0,7 22.685 25.139 10,8 4.530 3.917 -13,5 2.231 2.097 -6,0 2.299 1.821 -20,8 15.484 13.710 -11,5 11.844 10.452 -11,8 622 659 6,0 3.018 2.599 -13,9 49.359 48.466 -1,8 13.713 15.554 13,4 35.647 32.913 -7,7 401 710 77,3 5.718 6.949 21,5 160.476 156.648 -2,4
Source: TURKSTAT
31
Annual Exports (Billion USD)

150
132,0
125
134,9 113,9
107,3
100
102,1
85,5
75
73,5 63,2
50
47,3 36,1
25
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Source: TURKSTAT
Exports Targets (FOB, Billion USD)

200 175 150 125 100 75 50 25 0 2011 2012 2013 2014
148,5 134,8 165,7 185,1
Source: Ministry of Development, Medium Term Economic Programme 2012-2014, October 2011
39
Foreign Trade Developments

2010 - 2011 / 2011-2012 January-August
Annual (Billion $) 2010 Export Energy Export Gold Export Import Energy Import Gold Import Foreign Trade Volume Foreign Trade Balance Balance excl. Energy Export/Import (%) 113,9 4,5 2,1 185,5 38,5 2,5 299,4 -71,7 -37,6 61,4 2011 135,0 6,5 1,5 240,8 54,1 6,2 375,8 -105,9 -58,3 56,0 Periodic (Billion Dollar) 2011 (January-August) 88,7 4,4 0,7 160,5 34,4 3,7 249,2 -71,8 -41,8 55,3 2012 (January-August) 100,1 5,0 9,3 156,6 39,1 6,3 256,7 -56,6 -22,5 63,9 Change (%) 2011/2012 12,8 12,1 1.212,9 -2,4 13,7 69,1 3,0 -21,2 -46,3 *
* 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.
40
Monthly Exports
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.
41
Main Trade Partners (January-March 2012)

Main Export Partners (Share,%)
Main Import Partners (Share,%)

Source: TURKSTAT
32
Main Export Items

Rank Code 1 87 2 71 3 72 4 84 5 85 6 61 7 27 8 73 9 62 10 39 Million Dolar Periodic (January-August) Pearls, precious stones, precious metals and articles thereof Vehicle other than railway or tramway rolling-stock, parts thereof Boilers, machinery and mechanical appliances, parts thereof Iron and steel Electrical machinery and equipment: parts thereof Knitted and crocheted goods and articles thereof Mineral fuels, minerals oils and product of their distillation Articles of iron and steel Non knitted and crocheted goods and articles thereof Plastic and articles thereof LIST TOTAL TOTAL EXPORT IMPORT BALANCE CHANGE % 2011 2012 2011 2012 2011 2012 2011/2012 2.121 11.207 4.340 6.852 -2.219 4.355 428,5 10.529 9.922 11.293 9.045 -764 877 -5,8 7.618 7.873 18.400 16.990 -10.781 -9.117 3,3 7.476 7.832 13.339 13.321 -5.863 -5.489 4,8 5.460 6.137 11.016 10.442 -5.557 -4.305 12,4 5.862 5.540 789 527 5.072 5.013 -5,5 4.420 4.954 34.375 39.082 -29.955 -34.128 12,1 3.763 3.904 1.721 1.484 2.041 2.420 3,8 3.562 3.623 1.350 956 2.212 2.667 1,7 3.063 3.307 8.770 8.432 -5.708 -5.125 8,0 53.872 64.300 105.394 107.131 -51.521 -42.831 19,4 88.693 100.055 160.476 156.648 -71.783 -56.593 12,8
* Percent change is related to the annual change in exports in 2012. Source: TURKSTAT
43
Main Import Items

Sra 1 2 3 4 5 6 7 8 9 10 Fasl 27 84 72 85 87 39 71 29 90 88 Million Dollar Periodic (January-August) Mineral fuels, minerals oils and product of their distillation Boilers, machinery and mechanical appliances, parts thereof Iron and steel Electrical machinery and equipment, parts thereof Vehicle other than railway or tramway rolling-stock, parts thereof Plastic and articles thereof Pearls, precious stones, precious metals and articles thereof Organic chemicals Optical, photographic, cinematographic, measuring checking, precision Copper and Articles thereof LIST TOTAL TOTAL IMPORT 2011 2012 29.824 33.783 16.207 15.012 11.657 11.846 9.668 9.339 10.208 8.039 7.766 7.447 3.099 6.125 3.436 3.028 2.410 2.325 2.709 2.250 96.984 99.195 140.796 137.912 EXPORT 2011 2012 3.745 4.277 6.600 6.917 6.631 6.848 4.687 5.416 9.499 9.127 2.648 2.883 1.878 8.856 332 379 245 303 195 299 36.458 45.304 77.448 87.212 BALANCE CHANGE % 2011 2012 2011/2012 -26.080 -29.506 13,3 -9.608 -8.095 -7,4 -5.026 -4.999 1,6 -4.981 -3.924 -3,4 -709 1.088 -21,2 -5.118 -4.564 -4,1 -1.222 2.731 97,6 -3.104 -2.649 -11,9 -2.165 -2.022 -3,5 -2.514 -1.951 -17,0 -60.526 -53.890 2,3 -63.348 -50.700 -2,0
* Percent change is related to the annual chamge in imports in 2012. Source: TURKSTAT
44
TRADE WITH FINLAND...
45
Foreign Trade of Finland

Year 2006 2007 2008 Import (000 000 ) 55 252 59 492 62 402 % Change + 17 + +
Export (000 000 ) 61 489 65 484 65 580
% Change + 17 + 7
Balance (000 000 ) + 6237 + 5992 + 3178
8 5
+ 0
2009
2010 2011 2012 (JanuaryJuly)
43 655
51 899 60 259 34 310
31
+ 17,9 + 16
45 063
52 438 56 615 33 133
32
+ 16,2 + 7,9
+ 1408
+ 539 3644 1177
46
Main Trade Partners of Finland

2011 IMPORTS COUNTRY (milyon ) Share (%) 2011 EXPORTS (milyon ) Share (%) Balance
1 2 3 4 5 6 7 8 9 10
Russia Germany Sweden China Nederlands USA UK France Norway Italy
11 315 7 485 6 025 4 381 3 134 2 217
18,7 12,4 10,0 7,3 5,2 3,7
5 330 5 630 6 726 2 663 3 836 2 908
9,4 9,9 11,9 4,7 6,8 5,1
-5 985 -1 855 701 -1 718 703 691 1 144 -212 -350 -236
1 770
1 970 1 947 1 581 18 563 60 387
2,9
3,3 3,2 2,6 30,7 100
2 914
1 758 1 596 1 345 21 961 56 668
5,1
3,1 2,8 2,4 38,8 100
Other Countries
TOTAL
3 398
-3 719
47
Major Import Items of Finland in 2011

No CN Code Definition Value ()
13 069 264 371
27
MINERAL FUELS, OILS, WAXES
84
MACHINERY & MECHANICAL APPLIANCES, COMPUTERS
6 560 835 162
85
ELECTRICAL MACHINERY & EQUIP. & PARTS
5 856 455 727
4 5
72 39
IRON & STEEL ORES, SLAG & ASH
2 448 932 366 1 970 207 276
48
Major Export Items of Finland in 2011

No CN Code 48 Definition Value ()
MACHINERY AND MECHANICAL APPLIANCES PAPER & PAPERBOARD, ARTICLES OF PAPER PULP
8 009 366 662
84
7 596 328 392
85
ELECTRICAL MACHINERY & EQUIP. & PARTS

6 075 546 568
27
MINERAL FUELS, OILS, WAXES

5 372 539 307
72
IRON & STEEL
3 970 895 045
49
TURKEY-FINLAND EXPORTS/IMPORTS ()
2010 EXPORTS COUNTRY 32 FINLAND TOTAL Value (000 $) 296.774,00 IMPORTS Value (000 $) 1.115.496,00 VOLUME Value (000 $) 1.412.270,00 BALANCE Value (000 $) -818.722,00
296.774,00
1.115.496,00
1.412.270,00
-818.722,00
2011 EXPORTS COUNTRY 32 FINLAND TOTAL Value (000 $) 352.866,00 352.886,00 IMPORTS Value (000 $) 1.296.727,71 1.296.727,71 VOLUME Value (000 $) 1.649.613,75 1.649.613,75 BALANCE Value (000 $) -943.841,67 -943.841,67
50
TURKEY-FINLAND EXPORTS/IMPORTS ()
2011 (January- August) EXPORTS COUNTRY 32 FINLAND TOTAL Value (000 $) 230.497,89 230.497,89 IMPORTS Value (000 $) 935.163,56 935.163,56 VOLUME Value (000 $) 1.165.661,45 1.165.661,45 BALANCE Value (000 $)
-704.665,67
-704.665,67
2012 (January- August) EXPORTS COUNTRY 32 FINLAND TOTAL Value (000 $) IMPORTS Value (000 $) VOLUME Value (000 $) BALANCE Value (000 $) -470.549,30 -470.549,30
206.617,75
206.617,75
677.167,05
677.167,05
883.784,80
883.784,80
51
Finland-Turkey Exports-Imports Comparison
52
Finland-Turkey Trade Balance and Volume
53
First 10 Items Exported from Turkey to Finland

CN CODE
61 ARTICLES OF APPAREL & CLOTHING ACCESSORIES 84 MACHINERY & MECHANICAL APPLIANCES, COMPUTERS
EXPORTS DEFINITION to Finland
53 928 212
43 938 730
26 85 ORES SLAG & ASH
43 819 899
ELECTRICAL MACHINERY & EQUIP. & PARTS, ARTICLES OF APPAREL AND CLOTHING ACCESSORIES, NOT KNITTED OR CROTCHETED
29 635 139
62
29 461 102 12 475 508
63 21 69 73
MADE-UP TEXTILE ARTICLES EDIBLE PREPARATIONS

CERAMIC PRODUCTS ARTICLES OF IRON OR STEEL PLASTICS & ARTICLES THEREOF
10 709 279
10 345 135 10 119 477 9 606 501
39
54
First 10 Items Imported from Finland to Turkey

IMPORTS
CN CODE 85 48 84 39 72 47 90 43 44 NAME ELECTRICAL MACHINERY & EQUIP. & PARTS, PAPER & PAPERBOARD, ARTICLES OF PAPER PULP MACHINERY & MECHANICAL APPLIANCES, COMPUTERS PLASTICS & ARTICLES IRON & STEEL PULP OF WOOD, WASTE & SCRAP OF PAPER
from Finland
221 508 948 181 757 841 101 902 849 56 989 132 49 464 795 42 190 903
OPTICAL, PHOTOGRAPHIC, MEDICAL INSTRUMENTS FURSKINS AND ARTIFICIAL FUR WOOD AND ARTICLES OF WOOD; WOOD CHARCOAL
18 039 458 15 982 367 11 721 210
55
Locations of Trade Representatives

AMERKA
Buenos Aires New York Karakas Sao Paulo Mexico City ikago Ottava Toronto Santiago Miami Vaington San Francisco Houston Seattle Los Angeles
AFRKA
Abuja Addis Ababa Akra Cezayir Dakar Darsselam Hartum skenderiye Kahire Nairobi Pretoria Rabat Trablus Tunus Kazablanka
ASYA
Astana Akabat Bangkok Bikek Cakarta Duanbe Hanoi slamabad Kabil Kuala Lumpur Manila Pekin Seul Singapur AB DT OECD Atina Bak Belgrad Berlin Bern Bratislava Brksel Budapete Bkre Dublin Helsinki Kiev Kiinev Kopenhag Lahey Lizbon Lefkoa Takent Tokyo Ulan Bator Yeni Delhi Almat Guangzhou Hong Kong Karai Mumbai angay Georgetown
GEOR GET OWN
AVRUPA/KAFKASYA
Londra Lubliyana Madrid Minsk Moskova Oslo Paris Podgorica Prag Pritine Roma Saraybosna Sofya Stokholm Tiflis Tiran skp Varova Viyana Zagreb Barselona Batum Dsseldorf Hamburg Hannover Kazan Marsilya Milano Mnih Novorossisk Odessa Rotterdam Selanik St. Petersburg Stutgart Birmingham Krasnodar Novosibirsk Yekaterinbur g
ORTA DOU
Abu Dhabi Amman Badat Beyrut Doha Kuveyt Manama Muskat Riyad Sana am Tahran Tel Aviv Basra Cidde Dubai Erbil Halep Kuds Musul Tebriz Daimi Temsilci Yardmcl
AVUSTRALYA
Sidney Melbourne
Ticaret Mavirlii Ticaret Ataelii rtibat Brolar
56
Trade Representatives Abroad
195 trade representatives from the Ministry are serving in 130 locations and 6 offices abroad.
57
THANK YOU!...
58
CONTACT INFORMATION OF THE OFFICE OF THE
COMMERCIAL COUNCELLOR:
WEB PAGE: http://www.counsellors.gov.tr/ Tel: 9 477 41 70 Fax: 9 44 44 92
E-mail: helsinki@economy.gov.tr
59

"Economic Review and Turkey'S Trade With Finland": Embassy of Turkey, Office of The Commercial Counsellor

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ECONOMIC REVIEW AND TURKEYS TRADE WITH FINLAND

Embassy of Turkey, Office of the Commercial Counsellor

FOREIGN TRADE OUTLOOK

Embassy of Turkey, Office of the Commercial Counsellor

Embassy of Turkey, Office of the Commercial Counsellor

MEMBERSHIP TO INTERNATIONAL ORGANIZATIONS

CUSTOMS UNION WITH THE EUROPEAN UNION

MEMBER OF THE OECD FOUNDING MEMBER OF THE ECONOMIC COOPERATION ORGANIZATION

Embassy of Turkey, Office of the Commercial Counsellor

TURKISH ECONOMY IN THE WORLD...

Embassy of Turkey, Office of the Commercial Counsellor

Embassy of Turkey, Office of the Commercial Counsellor

EXPORTS 1st in the Europe

Embassy of Turkey, Office of the Commercial Counsellor

Embassy of Turkey, Office of the Commercial Counsellor

IRON AND STEEL

10th in the World

Embassy of Turkey, Office of the Commercial Counsellor

Embassy of Turkey, Office of the Commercial Counsellor

TRUCKS AND TRANSPORTATION VEHICLES

Embassy of Turkey, Office of the Commercial Counsellor

TOURISM POTENTIAL of TURKEY

7TH BIGGEST TOURIST DESTINATION IN THE WORLD

IN 2011 MORE THAN 31,4 MILLION TOURISTS VISITED TURKEY

Embassy of Turkey, Office of the Commercial Counsellor

Turkey: R&D Expenditures (Current PPP, USD)

In 2002, 3 billion dollars. In 2010, 9.6 billion dollars.

R&D expenditures increased by 218 % between 2002 and 2010

Source: OECD, Main Science and Technology Indicators

Embassy of Turkey, Office of the Commercial Counsellor

Turkey: Number of FTE* R&D Personnel

(*)Full Time Equivalent Source: OECD, TURKSTAT, TUBTAK

Embassy of Turkey, Office of the Commercial Counsellor

Constructing Services Abroad

Embassy of Turkey, Office of the Commercial Counsellor

Turkey is an energy hub between energy producer and consumer regions

Investment Climate in Turkey

Embassy of Turkey, Office of the Commercial Counsellor

Time Required to Start a Business

Source: Invest In Turkey

The required time to start a business is 6 days in Turkey.

Skilled Labour Availability

Source: Invest In Turkey

Scoring is between 0 and 10.

Transparency in Finance Sector

Source: Invest In Turkey

Scoring is between 0 and 10.

Worlds Biggest Economies

Europes Biggest Economies

Embassy of Turkey, Office of the Commercial Counsellor

Real GDP Growth of Selected Countries/Country Groups (2011)

Source: TURKSTAT, IMF

GNP Per Capita of Turkey (US $)

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

Embassy of Turkey, Office of the Commercial Counsellor

Comparison of Europe and Turkey: Real GDP Growth (2001=100)

Poland Euro Area

Embassy of Turkey, Office of the Commercial Counsellor

Foreign Direct Investment Inflows (Billion USD)

Embassy of Turkey, Office of the Commercial Counsellor