Doing business in Turkey
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.
Political and economic background
Bribery & corruption
Protective security advice
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.
Preparing to export
How to do business
Business etiquette, language and culture
What are the challenges?
How to invest in Turkey
Resources / Useful links
Read IMA’s doing business guide
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
Topics: Getting Started