I had the privilege to sit in on a luncheon presentation by Akil Oktem, Consul General of Turkey today and learned some very interesting facts about Turkey and that region.
|Turkey is the bridge between East and West.|
More significantly, is where Turkey is located. As the Turkey is sandwiched between Europe to the northwest, Russian and Asia to the northeast, the Middle East to the south and southeast, and Africa to its southwest. Honorable Mr. Oktem stated,
"Turkey is a stable island amidst a sea of instability."
Today, the city of Istanbul is considered to have the best economy in the world. Growth is expected to be 8% in 2011 and approach double-digits by 2014. In perspective, the city of Austin was considered to have the best city economy in the U.S. in the same year, but was ranked 26th in the world. From a technological viewpoint, Turkey has 64 million GMS cell phone users and is 11th in the world in Internet usage.
73% of its imports are raw materials; 95% of its exports are industrial goods.
- Renewable Energy, including nuclear, solar, and alternative energy
- Medical Equipment and Supplies
- Environmental Products
- Hazardous Waste Management and Disposal Services
Turkey is a secular republic. And while the population is 95% Muslim, its ethically diverse population is quite tolerant of other religious organizations.
Turkey has been in a Customs Union with the EU since 1996 and applied to be a full-member of the European Union in 2006.
More information on Doing Business in Turkey can be found at: http://www.turkey-now.org/