New Strategic Business Framework between U.S. and Turkey

WASHINGTON DC - US and Turkey  decided to upgrade their bilateral economic relations with a new scheme called "Framework for Strategic Economic and Commercial Cooperation"  (FSECC), which was unveiled during the visit of Turkish Prime Minister Recep Tayyip Erdogan to the White House. This new framework aims to help enhance the already robust interaction that takes place between the two governments on economic issues. Read more>>

Aselsan eyes leading global position in unmanned vehicles

ANKARA - With the production of unmanned systems one of its core activity areas, Turkey’s major military industry company, Aselsan, is taking firm steps to become a leading unmanned vehicle manufacturer on a global scale.The company was recently selected as one of the top 10 teams out of 12 competitors in the Multi Autonomous Ground-robotic International Challenge (MAGIC 2010), which is jointly sponsored by the Australian and US departments of defense to attract innovative proposals from worldwide research organizations. Read more>>

Swedish automotive firm shifts production to Turkey

GEBZE - Autoliv, a leading automotive safety systems company based in Sweden, has decided to shift production from its Tunis plant to Kocaeli’s Gebze district. The move to Gebze, an industrial area close to Istanbul, will bring 50 million euros in additional exports, new employment to 300 people and a capacity to produce 6 million additional seatbelts at its Turkey unit. Read more>>

Turkish Furniture Sector is the booster for economy

ISTANBUL - Despite the global downturn, Turkish furniture sector manifests robust growth in 2009. Being a commercial and manufacturing powerhouse in its region, Turkish furniture industry offers tremendous opportunity for prospective investors. Surging appeal to international shows is a vigorous sign of this trend. The sector set its export target for 2010 as 2, 5 billion $ at Istanbul Furniture Fair where the exhibitor number had a 20% increase. Read more>>

Turkey launched new e-guide to medical tourism and healthcare

ISTANBUL - Foreign Economic Relations Board of Turkey (DEİK) Healthcare Committee and Accredited Hospitals Association of Turkey (AHAT) jointly announce the launch of the new website www.healthinturkey.org. The website, to be broadcasted in English for international patients, health professionals, bureaucrats and opinion leaders, is designed to be a crucial source of information for the medical industry. Read more>>

Turkey to be first to overcome crisis in its region

TURKEY - Turkey’s economy will be able to overcome the global crisis the most rapidly in comparison to other Eastern European economies, according to a recent study by the World Bank Group. In the study conducted by the World Bank, various data were collected from 1,686 enterprises from six Eastern European countries, including Bulgaria, Hungary, Latvia, Lithuania, Romania and Turkey between June and July. Read more>>

Turkey to take part in 118 world trade shows next year

TURKEY – Turkey will take part in 118 trade shows in different countries from U.S. to EU-member states, from Iraq to China in 2010 to boost its economic and commercial ties. In those trade fairs, Turkish firms will display their products including foodstuff, textiles, furniture, automotive, construction equipment and jewelry. Read more>>

Schneider turns Turkey into an export base

TURKEY – The French company Schneider Electric has declared Turkey to be its headquarters in the Middle East and Balkan region, which covers 27 countries. As a result of this restructuring, the region will be managed by Turhan Turhangil, the firm’s managing director in Turkey. The success of the Turkey team as well as the country’s position as a developing market in the global economy played a role in the decision. Read more>>

Turkish Exports Amount to 101.6 Billion USD in 2009

The second Istanbul Fashion Week (IFW) coming up in February

ISTANBUL - The second Istanbul Fashion Week (IFW) which unites fashion in Turkey under a single roof by bringing the leading fashion designers of our country and ready-wear brands together, will be taking place on 3-6 February. Istanbul Fashion Week ( IFW), which will be realized for the second time with the cooperation of ITKIB and Fashion Designers Association (MTD) has been introduced at a party. Read more>>

"Doing Business in Paterson" Seminar

NEW JERSEY - Turkish American Chamber of Commerce and Industry (TACCI) and Derya Staffing (also a TACCI member) organized a business seminar with the support of the Office of the Commercial Attache in New York, on 14th December in Paterson, New Jersey. Read more>>

Istanbul Gold Exchange Luncheon

NEW YORK - Turkish American Chamber of Commerce (TACCI) organized a business luncheon in honour of the President and the Vice President of Istanbul Gold Exchange, Mr. Osman Sarac and Mr. Yunus Oguzhan Aloglu at the Internationally known Turkish Cuisine "Dervish", located at the Times Square. Read more>>