Market Opportunities in TurkeyMay 27, 2009

Turkey and its Neighbors

Turkey’s Key Cities• Istanbul – pop. 13,000,000

Business, financial, cultural centerHandles 55% of Turkey’s imports & exports

• Ankara – pop. 4,500,000Center of GovernmentKey to defense, energy, agribusiness

• Izmir – pop. 4,000,000Turkey’s Second largest portThriving free zone

Turkey Facts

• Population 74 million• Median age 27.7 • Parliamentary Democracy• Charter member of NATO• Member of EU Customs Union

since 1996• Key Partner of U.S. in

Afghanistan, Iraq and elsewhere

Economy of Turkey 2008

• GDP: $730 billion• Per Capita Income: $10,000• GDP Growth Rate: 1.5%• Inflation: 10.2%• Unemployment: 13.6% • Total Imports: $ 193.7

billion • Total Exports: $140.7billion

Investment

Major Sectors• Energy• Gas & Water Supply• Financial• Wholesale/Retail Trade• Construction• Manufacturing

Source: Moody’s

Major Trading Partners 2008• Russia 13.3%• Germany 9.3• Italy 5.6 • China 5.1• U.S.A 4.9• France 4.7

• EU(27) 40.0%

The U.S. and Turkey

•Exports to Turkey: $10.4 billion in 2008

•Imports from Turkey: $4.6 billion

•Direct Investment from U.S.: $6 billion (cumulative)

Top U.S. Exports to Turkey

• Steelmaking materials• Civilian aircraft• Fuel oil• Raw cotton• Metallurgical grade coal• Parts for military type goods• Organic chemicals• Plastic materials

Source: U.S. Census Bureau

Turkish Exports to the U.S.

• Semi-finished iron and steel mill products • Apparel and household goods-cotton• Stone, sand, cement, and lime• Other petroleum products• Jewelry (watches, rings, etc)• Apparel and other textiles• Synthetic cloth and fabrics• Finished metal shapes and advanced

manufacture, except steel• Drilling and oil field equipment and platforms

Source: U.S. Census Bureau

• Average Tariff on Industrial Goods: 5 %• Customs Union with the European Union• Strategic Location for Regional Markets• Developing Infrastructure• Educated Workforce & Young Population• 100% Ownership Allowed• Strategic U.S. Ally and Partner

Advantages of Doing Business with Turkey

Keys to Success

• Choose Partners Carefully : Research & Due Diligence•Know & Mitigate Risks•Find Reliable, Experienced Professional

Assistance•Translate Materials; get the best translators/interpreters•Build Relationships•Identify Financing Options

Trade Mission to Turkey

Nov. 8-13, 2009

URL:html://getexportassistance.com/

market.html

Commercial Service Turkey

Ankara:James Fluker, Senior Commercial OfficerJames.Fluker@mail.doc.govThomas Bruns, Commercial OfficerThomas.Bruns@mail.doc.gov

Istanbul:Gregory Taevs, Principal Commercial OfficerGregory.Taevs@mail.doc.gov