About Turkey
Turkey, known as “the cradle of civilization,” is the birthplace of many great cultures and is a synthesis of east and west, geographically bridging Europe and Asia. Throughout its rich history Turkey has been prominent as a center of commerce because of its land connections to three continents and the sea surrounding it on three sides.
Turkey is a republic based on secular, democratic, and pluralistic principles. The Turkish Republic was established in 1923 by Mustafa Kemal Atatürk, and has a parliamentary system of government that constitutionally protects personal rights and freedoms. As a result, Turkey has the divisions of power that one would expect: judicial, legislative, and executive. In 1945 Turkey joined the UN, and in 1952 it became a member of NATO. Turkey is also a founding member of the Black Sea Economic Cooperation Organization, the European Council, the Islamic Conference Association, and an associate member of the European Union.
Turkey is a republic based on secular, democratic, and pluralistic principles. The Turkish Republic was established in 1923 by Mustafa Kemal Atatürk, and has a parliamentary system of government that constitutionally protects personal rights and freedoms. As a result, Turkey has the divisions of power that one would expect: judicial, legislative, and executive. In 1945 Turkey joined the UN, and in 1952 it became a member of NATO. Turkey is also a founding member of the Black Sea Economic Cooperation Organization, the European Council, the Islamic Conference Association, and an associate member of the European Union.
Geographically, Turkey is generally divided into seven regions -- the Black Sea region, the Marmara region, the Aegean, the Mediterranean, Central Anatolia, the East Anatolian and Southeast Anatolia regions – offering a wide variety of travel experiences from excellent downhill skiing in winter to some of the world’s most spectacular yachting and diving to fascinating historical and cultural tours throughout the country.
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Doing Business in Turkey
• Turkey offers a dynamic and challenging business environment in a rapidly changing marketplace.
· The government offers significant incentives for manufacturing investment, encouraging regional development and favored industries as well.
· In general, there is no restriction on the ratio of foreign shareholding.
· The workforce is highly motivated, disciplined and trainable.
· Manufacturing costs are low.
· Ongoing EU integration process improves prospects.
· Turkey has been in a Customs Union with the EU since 1996.
Turkish-American Relations
Content Summary: Turkey has been rapidly integrating into the global economy and has become an appealing country for investment in the process of integration into the European Union. In the past 5 years, overage annual growth rate has been 7 percent in Turkey which is result of production, investment and export activities of private sector. Turkey has the most dynamic and most integrated private sector of the Balkans, Middle East, South Africa and Central Asia. Therefore, it is seen as a leader and taken as an economic model in these regions. The foreign trade volume of Turkey reached to 277 billion US Dollars in 2007. Turkey by itself exports 65% of the industrial materials of the Middle East and North Africa. The industrial materials constitute 65% of Turkish export commodities, whereas 10% are technological products. Turkey is the 6th biggest trade partner of European Union. The competitive markets such as OECD, EU and USA account for 65% of Turkey’s total export.
This is an indepth report covering Turkey's Economic Outlook including current performance, the country's structural transformation, EU prospects and IMF relations; Commercial Relations, legal framework, platforms for business, bilateral trade and other relevant issues; Defense Relations; Business Prospects including existing opportunties by sector, and relevant investment issues; as well as a list of further resources.
This is an indepth report covering Turkey's Economic Outlook including current performance, the country's structural transformation, EU prospects and IMF relations; Commercial Relations, legal framework, platforms for business, bilateral trade and other relevant issues; Defense Relations; Business Prospects including existing opportunties by sector, and relevant investment issues; as well as a list of further resources.










