NEW DIMENSION IN FOREIGN INVESTMENTS: GLOBAL POSITIONING
Foreign Investment Forum 2017 was held in Istanbul on February 23 with the participation of Turkish Deputy Prime Minister Mehmet Şimşek, European Bank of Reconstruction and Development Turkey Managing Director Jean-Partrick Marquet and DEİK/Foreign Investments Business Council President Volkan Kara.
The Forum was hosted by DEİK/Foreign Investments Business Council in partnership with European Bank of Reconstruction and Development, World Bank's International Finance Cooperation (IFC) and Dentons, Balcıoğu Selçuk Akman Keki Law Firm. Forum's agenda were Turkish companies' potential legal issues, investment risks and financial instruments in new markets.
Turkish Deputy Prime Minister Mehmet Şimşekstated that some of the global markets pursue mercantilism yet, globalization is inevitable in some of the sectors. "Investment is a long-run area, Turkey with a population of 80 million, continues to maintain its consumption behaviors and appeal. Problems in the neighboring countries did not affect Turkey's economic development. Over the next period, we will discuss restoration of Middle East and who we should do this with.
Deputy Prime Minister Mehmet Şimşek reminded brand acquisitions enable share growth in foreign markets, Turkish entrepreneurs' investments in foreign markets will contribute to Turkey, grow economy and decrease current account deficit". DEİK has prepared "Investment Index Abroad" report and this will serve as a guide to investors who are willing to expand to markets abroad.
European Bank of Reconstruction and Development Bank Managing Director of Turkey expressed his admiration to Turkish private sector's progress in the past two years, development in international trade. Problems that Turkey recently is dealing with are temporary and foreign investment should be attracted to Turkey. Country has great influence in Mediterranean region and neighboring countries. Turkish entrepreneurs have competitive advantages and they should use this to invest abroad. The bank has reached 9 billion euro of investment in different field of areas, 2 billion euro was invested only in the past two years.
DEİK/Foreign Investments Business Council President Volkan Kara stated that Turkish investment abroad has grown more than 10 times in the past 15 years and Turkish companies prove themselves in the global market. Companies' strategy is now to be a global player instead of focusing on surviving in the local market. We expect this trend to continue, over the past five years Turkish companies invested 30 billion USD.