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Doing Business with Turkey

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Canadian exports = CDN $271 million (2003) ... Stable currency. Increased market confidence and stability. Strong growth & low inflation ... – PowerPoint PPT presentation

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Title: 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
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