Turkey is a large rapidly developing country and EU accession negotiations are leading to significant opportunities for UK companies in a broad range of sectors.

Turkey is a large rapidly developing country, world’s 18th and Europe’s 7th largest economy.

Turkish GDP grew by 8.5% in 2011, making the country the fastest growing economy of Europe and OECD. Turkey is expected to be the fastest growing economy among OECD members during 2011-2017, with an annual average rate growth of 6.7%.

The ongoing EU accession talks are also a key driver for the modernisation of Turkey’s economy and business environment. With a large domestic market of 74 million people, Turkey is also a springboard to the markets of Central Asia & the Middle East.

Over 2200 UK companies currently do business in Turkey. The UK is Turkey’s fifth largest source of imports from the EU, with a value of US$4.7 bn.

What are the opportunities?

A young growing population and EU funding mean there are opportunities for UK companies in a variety of sectors including, airports, environment and water, education and training, financial services, ICT, life sciences and ports.

Overseas Business Risk

Read our report giving more details of overseas business risk in relation to Turkey.

This covers:

• Political and economic background

• Bribery & corruption

• Terrorism threat

• Protective security advice

• Intellectual property

• Organised crime

FCO political and economic updates

FCO updates for Turkey will keep you up-to-date with major political and economic issues relating to Turkey.

Guide to doing business in Turkey

UKTI has produced a guide aimed at companies experienced in overseas trade who are new to doing business with Turkey. This guide aims to provide a route map of the way ahead, together with signposts to sources of help.

• Introduction

• Preparing to export

• How to do business

• Business etiquette, language and culture

• What are the challenges?

• How to invest in Turkey

• Contacts

• Resources / Useful links

Read IMA’s doing business guide

Sector briefing

For information on your sector in Turkey including opportunities, events and key contacts, please check out the latest sector briefings.

See all sector reports for Turkey