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العربية

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1

SUCCESSFUL ECONOMY

  • Booming economy; more than tripling its GDP, reaching USD 786 billion in 2012, up from USD 231 billion in 2002 (TurkStat)
  • Stable economic growth with an average annual real GDP growth rate of 5% over the past decade (TurkStat)
  • Promising economy with a bright future as it is expected to become the fastest growing economy among the OECD members during 2012-2017 with an average annual real GDP growth rate of 5.2 % (OECD Economic Outlook No. 91)
  • 16th largest economy in the world and 6th largest economy compared with the EU in 2012 (GDP at PPP, IMF WEO)
  • Institutionalized economy fueled by USD 123 billion of FDI in the last decade and ranked as the 13th most attractive FDI destination in 2012 (A.T. Kearney FDI Confidence Index
  • A dynamic and mature private sector with USD 153 billion worth of exports and an increase of 325 % between 2002 and 2012 (TurkStat)

2

LIBERAL AND REFORMIST INVESTMENT CLIMATE

  • The second biggest reformer among OECD countries in terms of its restrictions on FDI since 1997 (OECD FDI Regulatory Restrictiveness Index 1997-2012)
  • Business-friendly environment with average of 6 days to set up a company, while the average in OECD members is more than 12 days
  • Highly competitive investment conditions
  • Strong industrial and service culture
  • Equal treatment for all investors
  • More than 33,000 companies with international capital
  • International arbitration
  • Guarantee of transfers


3

QUALIFIED AND COMPETITIVE LABOR FORCE

  • Over 27 million young, well-educated and motivated professionals (TurkStat)
  • Increasing labor productivity
  • Approximately 600,000 students graduate anually from over 170 universities (2012, Student Selection and Placement Center-OSYM)
  • More than 700,000 high school graduates with around half from vocational and technical high schools (2012, Ministry of National Education)

4

POPULATION

  • A population of 76 million (2012, TurkStat)
  • Largest youth population compared with the EU (Eurostat)
  • Half the population under the age 30.1 (TurkStat)
  • Young, dynamic, well-educated and multi-cultural population


5

INFRASTRUCTURE

  • New and highly developed technological infrastructure in transportation, telecommunications and energy
  • Well-developed and low-cost sea transport facilities
  • Railway transport advantage to Central and Eastern Europe
  • Well-established transportation routes and direct delivery mechanism to most of the EU countries

6

CENTRALLY LOCATED

  • A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets
  • Easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa
  • Access to multiple markets worth USD 25 trillion of GDP


7

ENERGY PATH AND TERMINAL OF EUROPE

  • An important energy terminal and path in Europe
  • connecting the East and the West
  • Located at a close proximity of more than 70% of the world’s proven primary energy reserves, while the largest energy consumer, which is Europe, is located right to the west of Turkey, thus making the country a linchpin in energy transit and an energy terminal in the region

8

LOW TAXES & INCENTIVES

  • Corporate Income Tax reduced from 33% to 20%
  • Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones could include total or partial exemption from Corporate Income Tax, a grant on employer’s social security share, as well as land allocation
  • R&D and Innovation Support Law
  • Incentives for strategic investment to decrease imports, for large-scale investments, as well as for regional investments


9

CUSTOMS UNION WITH THE EU SINCE 1996

  • Customs Union with the EU since 1996, and Free Trade Agreements (FTA) with 22 countries
  • More FTAs underway
  • Accession negotiations with the EU

10

LARGE DOMESTIC MARKET

  • 20 million broadband internet subscribers in 2012, up from 0.1 million in 2002
  • 68 million mobile phone subscribers in 2012, up from 23 million in 2002
  • 54 million credit card users in 2012, up from 16 million in 2002
  • 131 million airline passengers in 2012, up from 33 million in 2002
  • 31.8 million international tourist arrivals in 2012, up from 13 million in 2002


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