SCOPE OF DOING BUSINESS WITH TURKEY

INTRODUCTION

Turkey officially the Republic of Turkey is a contiguous transcontinental country, located mostly on Anatolia in Western Asia and on East Thrace in South eastern Europe.

Turkey is bordered by eight countries. Turkey's location at the crossroads of Europe and

Asia makes it a country of significant geostrategic importance

LOCATION

It is bordered by eight countries: Bulgaria to the northwest, Greece to the west, Georgia to the northeast, Armenia, Azerbaijan and Iran to the east, and Iraq and Syria to the southeast. The capital of Turkey is Ankara, but the most populated is Istanbul

BoundariesTotal: 2,648 kmBorder countries: Armenia 268 km, Azerbaijan 9 km, Bulgaria 240 km,

Georgia 252 km, Greece 206 km, Iran 499 km, Iraq 352 km, Syria 822 km

Coastline: 7200 km

Climate: Temperate; hot, dry summers with mild, wet winters; harsher in interior.

Area :780,580 km2

POPULATİON DENSİTY

Total Population:74 724 269 Turkish(80%), Kurdish(19%), Others(1%;Arabs,Turkmen,Greek, Circassian,Zaza,Laz)

→İstanbul:13 624 240→Ankara:4 890 893→İzmir:3 965 232

GOVERNMENT The Republic of Turkey was created after the

overthrow of Sultan Mehmet VI Vahdettin by the new Republican Parliament in 1922.

Single-party period, 1923–1946 Multi-party period, 1946–present

The Grand National Assembly

→Literacy rate is 94.1%(2011)→Compulsary 8 years education,primary school between the ages of 7 and 15

EDUCATİON

GDP SECTOR COMPOSITION

Total gdp nominal-783,064 Agriculture: 8.9% -69,693 Industry: 28.1%-220,041 Services: 63% -493,330

FACTS ABOUT AGRICULTURE Total area 783,562 km Agriculture land – 50.41% of total area Turkey is the world's largest producer

of hazelnuts, cherries, figs, apricots, quinces and pomegranates

 The second largest producer of watermelons, cucumbers and chickpeas

The third largest producer of tomatoes, eggplants, green peppers, lentils and pistachios;

FACTS ABOUT TURKEY

The EU is Turkey's number one import and export partner while Turkey ranks 7th in the EU's top import and 5th in export markets.

Turkey's main exports markets are the EU, Iraq, Russia, USA, United Arab Emirates and Iran.

Turkey's exports to the EU are mostly machinery and transport equipment, followed by manufactured goods.

Imports into Turkey come from the following key markets: the EU, Russia, China, USA, Iran and South Korea.

EU exports to Turkey are dominated by machinery and transport material, chemical products and manufactured goods.

MAJOR SEA PORTS & AIR PORTS

sea ports-• Akcansa Ambarli Port• Marport• Kumport Air ports-• Istanbul Ataturk Airport• Isparta Suleyman Demirel Airport• Gaziantep Airport• Nevsehir Cappadocia Airport

TURKEY BALANCE OF TRADE

CONT’D

Turkey recorded a trade deficit of 9805.72 USD Million in July of 2013.

Turkey Balance of Trade averaged -1328.39 USD Million from 1957 until 2013

Reaching an all time high of 24.51 USD Million in December of 1971 and a record low of -10453.06 USD Million in September of 2011.

TURKEY CURRENT ACCOUNT

CONT’D

Turkey recorded a Current Account deficit of 4445 USD Million in June of 2013

Turkey Current Account averaged -1141.85 USD Million from 1984 until 2013,

Reaching an all time high of 1132 USD Million in September of 1998 and a record low of -9518 USD Million in March of 2011.

TURKEY EXPORTS

CONT’D

Exports in Turkey increased to 13112.54 USD Million in July of 2013 from 12404.94 USD Million in June of 2013.

Turkey Exports averaged 2210.61 USD Million from 1957 until 2013, reaching an all time high of 13755.22 USD Million in November of 2012 and a record low of 7.10 USD

MAJOR EXPORTS

Turkey major exports are: textiles and clothing, automotive, iron and steel, white goods and chemicals and pharmaceuticals.

Turkey is also one of the leading shipbuilding nations.

Turkey's main export partners are European Union, United States and Russia

TURKEY IMPORTS

CONT’D

Imports in Turkey increased to 22918.26 USD Million in July of 2013 from 21009.15 USD Million in June of 2013

Turkey Imports averaged 3567.44 USD Million from 1957 until 2013,

Reaching an all time high of 23245.70 USD Million in May of 2013 and a record low of 15 USD Million in August of 1958.

MAJOR IMPORTS

Turkey imports mainly machinery, chemicals, semi-finished goods, fuels and transport equipment.

Its principal trading partners are European Union countries (Germany, United Kingdom, Italy, France), Russia, China and United States

RTA

Free Trade Agreements have already been signed with 18 countries

EFTA, Israel, Macedonia, Croatia, Bosnia Herzegovina, Palestine, Tunisia, Morocco, Syria, Egypt, Albania, Georgia, Montenegro, Serbia, Chile, Jordan, Lebanon and Mauritius

FTA YET TO SIGNED

10 countries/group of countries (Algeria, Mexico, South Africa Customs Union, ASEAN, Indonesia, Peru, Mid-America Union, ACP Countries (76 countries), India and Canada).

TOP 10 EXPORTED PRODUCTS FROM TURKEY

TOP 10 IMPORTED PRODUCTS FROM TURKEY

PRODUCTS WHICH IS EXPORTED TO TURKEY

Yarn Footwear Hand knitted apparels Wheat

PRODUCTS WHICH IS TO BE IMPORT FROM TURKEY

Chocolates Clothing

Submitted by Jaspreet singhAnuj