TURKISH TRADE NEWSLETTER

August 2009

Issue 3

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NEWS and EVENTS

FEATURED COMPANIES *

"Doing Business in the Middle East" panel held in Chicago

CHICAGO - Turkish Commercial Attache Suleyman Sozeri spoke at the panel discussion "Doing Business in the Middle East" during the American Bar Association’s 2009 Annual Meeting on July 31, 2009 in Chicago. Read more>>

Turkey advances among global exporters

Anatolia News Agency, ISTANBUL - According to 2008 figures, Turkey climbed one-step up in the global exporters league, ranking 32nd with exports worth $132 billion. In the global importers league, the country retreated one-step, ranking 20th with $202 billion in imports. Read more>>

Turkey’s rising influence drawing worldwide attention

TURKEY – Turkey's growing economic and political influence in the global arena led global news circles, such as the Economist and Financial Times, to give extensive coverage about Turkey's regional leverage. Turkey’s peaceful relations with neighboring countries, crucial role as an energy transit route into Europe, economic stabiliy, and geo-strategic position in its region has attracted worldwide attention. Read more>>

Turkey’s oil and gas company to explore oil, natural gas in South America

TURKEY – Turkey has turned its sights to South America for exploration of oil and natural gas, expecting to explore parts of Brazil, Venezuela and Columbia by late 2010. Read more>>

Turkey will account for more than 10% of Central and Eastern European regional power generation

TURKEY – Turkey will account for more than 10% of Central and Eastern European regional power generation by 2013, and remain a net exporter of electricity to neighboring countries. Read more>>

Turkey offers various Investment Incentives for foreign companies

TURKEY – Turkey has been implementing various investment incentives to attract foreign direct investment to the country. Read more>>

Turkey is on course to have its own "Silicon Valley"

TURKEY – Turkey is on course to have its own "Silicon Valley." Work on creating a specialized zone for the studies and development of software, hardware and robotics is underway in the country. Read more>>

Turkey ranks as Hilton’s most successful international development market

TURKEY – Hilton Hotels Corporation has entered into a Franchise License Agreement with Durmazlar Makina Sanayi ve Ticaret A.S. to open two new Hilton Family properties in Bursa. Hilton plans to grow its presence in Turkey with the introduction of 40 properties over the next five years. The country is Hilton’s most successful international development market. Read more>>

Turkey and Chile sign Free Trade Agreement

CHILE – Turkish State Minister Zafer Caglayan and Chilean Foreign Minister Mariano Fernandez signed a free trade agreement between Turkey and Chile on July 14, 2009 in Santiago. This is Turkey’s 17th free trade agreement and first trade agreement between Turkey and a Latin American country. Read more>>

Turkey, EU countries sign NABUCCO gas pipeline deal

ANKARA – The leaders of Turkey, Austria, Bulgaria, Hungary and Romania signed a landmark agreement on July 13, 2009 allowing the NABUCCO pipeline to cross their territory. Read more>>

UPS launches Middle East, Central Asia joint venture in Turkey

USA – UPS bought a majority stake in its Turkish service agent to grow its business in the Middle East and Central Asia. Read more>>

TURKISH NATURAL STONES

Turkey is one of the largest exporters of natural stones to the world and the largest to U.S. Hence, it is not peculiar to observe the distinctive patterns and designs, which reflects Turkey’s architectural heritage throughout the world. Read more>>

CRADLE OF CERAMICS

With its international sales volume of over 1120 million square feet, Turkey is the world’s fourth largest exporter in the ceramic tiles segment and largest producer and exporter of ceramic sanitary ware in Europe. Read more>>