Turkey is a large, rapidly developing country with a domestic consumer market of 80 million people. Over the last decade Turkey has been aligning its regulations in anticipation of eventual EU membership, and its existing Customs Union with the EU currently offers significant opportunities for UK companies across a broad range of sectors.
Benefits for UK businesses exporting to Turkey include the increasing use of English for business, a six-day average to start a business, low social security contribution rate with an offer of a 5% rebate, the youngest and fastest-growing population in Europe (700,000 graduates per year), it has European business ethics and modern management practices, a large consumer base with a growing middle class, there are new initiatives to meet EU standards making it a more familiar business environment, and not forgetting that Turkey is the gateway to the markets of Central Asia, South Caucasus and the Middle East.
The bulk of Turkey’s economy is made up of a diversified services sector including real estate, tourism, financial services, education and health. Industry continues to play an important role, particularly in manufacturing which accounts for a large proportion of Turkish exports to Europe in the form of household goods. The Turkish Government aims to decrease Turkey’s import dependency in its growth and export structure, while increasing its capabilities to become an exporter of high-technology products.
About the guides
The main objective of this Doing Business in Turkey Guide is to provide you with basic knowledge about Turkey; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
This FREE guide is available in 4 formats:
Available on the iTunes App Store and Google play