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Minister Albayrak attended the Citibank Investor Conference, organized by Citibank, where representatives of international giant companies participated via videoconference.
Albayrak, noting that many multinational companies in which there is talk in the beginning of the Asian production to reorient the region where Turkey is located, the growing protectionism and nationalism in the world “deglobalization” has reported creating a trend.
Explaining that the trend in question caused companies to localize their operations and prefer regional supply chains, Albayrak said that this situation has deepened in the new type of coronavirus epidemic (Kovid-19).
“TURKEY OFFERS UNIQUE OPPORTUNITIES FOR INVESTORS”
Noting that the epidemic revealed that East Asia’s over-reliance on global value chains is very risky, Albayrak continued his remarks as follows:
“Global companies, this uncertain and challenging period impartial to foreign companies, such as Turkey, open to change, shock resistant, reliable and there is a need for dynamic partners. Competitive cost structure, wide range and solid manufacturing base, resources well-trained human resources, strategic location, modern logistics infrastructure, personalized promotion for capital investments and business support package. Turkey supports life offers unique opportunities to investors. To ensure that Turkey’s economic transformation mobilizes its full potential as a center of regional power, we have been working tirelessly for the last few years the new economic model, manifested itself by bringing exports to the pre-pandemic level with an increase in national production, investment, trade opportunities and a competent exchange rate.
Albayrak, a new economic model, which states that effective national capital and labor require the use of “Turkey’s economy is at a crossroads. A new wave of investment in emerging situations is on the horizon. The government, as active actor, in addition to supporting private sector investments in railways, cargo ports and It will also be carried out in fields such as irrigation systems, agriculture, energy, education and health services “. I speak.
“A GREAT AND POWERFUL MARKET IN TURKEY”
Minister Albayrak, referring to Turkey’s advantage for investors, said:
“Three continents logistic advantage, the union takes place in the economy, young demographic structure, educated workforce Turkey is arguably the strongest side. Turkey, east-west, efficient for important markets as a natural bridge between north-south and profitable natural centers. Turkey, a third of the world’s population, one of the four-hour flight distance in the vicinity. We are located even providing safe and independent energy to the EU. Turkey, the rapid economic growth of the last 20 years tripled gross domestic product, a large population of 23 centrals, and strong and growing middle-class buyers with enormous market power. Turkey, in addition to being young and energetic, with a Western-style multinational demographic with a growing demand for an economy of Modern Consumer for Business Based “.
Albayrak, noting that the country’s population is expected to exceed 100 million by 2040, Turkey’s young population with more than half that of all EU countries with a population aged 32 and under.
Minister Albayrak affirmed that this situation provides flexibility in public spending, the health system, social security and education in the country.
Turkey’s business-friendly approach in showing ongoing reform since the early 2000s, emphasizing that private sector investment will stably support Albayrak, has used the following phrases:
“The 82 countries of Turkey have bilateral investment protection agreements that are created specifically for foreign direct investment. In addition, 86 countries in the characteristics of double taxation prevention agreements. With the reforms, within 38 days in 2002, opening a business while the index to 6.5 days Turkey, foreign investors OECD average of roughly restrictions and, in particular, well below competitors such as China and India and in good condition. Turkey , Doing Business along with the rapid progress towards the forefront of the Index and foreign investors and also offers many advantages in both cultural and social terms for employees. “
Regarding the capital control claims, Albayrak said: “Let me be clear, there is no such thing.” He said.
Minister Albayrak also explained the objectives of the New Economy Program prepared for the next three years to international investors.
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