TURKEY - BRAZIL BUSINESS COUNCIL

Year of Establishment:2007
Chairman representing Turkey: Demir Şarman
Company: Aep Anadolu Etap Penkon Gıda ve Tarım Ürünleri San. ve Tic. A.Ş
Counterpart Organisation:Federação das Indústrias do Estado de São Paulo (FIESP)
Counterpart Chairman: Elias Miguel Haddad
Company: FIESP, Deputy Chairman

Right after Ministry of Foreign Affairs of Republic of Turkey’s annonucement declaring 2006 as the Year of Latin America, DEİK prepared a strategy for the region and started to execute it.It clearly identified areas of cooperation with Brazil and developed mechanisms to serve as the foundation of advancement of bilateral trade and economic relations. In 2006, a large delegation, led by the then Foreign Minister of the Republic of Turkey, Abdullah Gül, and including government representatives, businesspeople, TBMM representatives and members of the press, travelled to Brazil. During the visit, on January 20, 2006, a Declaration of Intent was signed to establish DEİK/Turkey-Brazil Business Council.

Close cooperation with Brazil will facilitate Turkish companies’ entry into South American markets ie. MERCOSUR, whose other members are Argentina, Paraguay and Uruguay. Vice versa, Brazilian companies can use Turkey as springboard to Europe and markets of neighbouring countries.

After the Business Council’s establishment in 2006, it invited a delegation of Brazilian businesspeople to Turkey to inform them about business opportunities and to arrange meetings with its members. The Business Council Establishment Agreement was signed a year later, in 2007. Under its terms the partners are to hold Annual Joint Conferences to be organised in turns by Brazil and Turkey.

The purpose of the Council is to organise conferences, seminars and bilateral talks in order to inform the business communities in both countries and to bring them closer together. Besides that, the Business Council is tasked with identifying legal and practical restrictions to trade and joint ventures, and holding talks on their removal or improvement with the respective bodies that represent the business community.

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