Türkiye Cumhuriyeti

Sidney Başkonsolosluğu

Konuşma Metinleri

The New Investment Incentive System and Investment Opportunities in Turkey, 27.02.2013

by Gülseren Çelik
Consul General of the Republic of Turkey

On the Occasion of the Seminar on
The New Investment Incentive System and
Investment Opportunities in Turkey
27 February 2013, Sydney

Good morning,

I would like to welcome you all and express my thanks and appreciation for your kind presence here. Today we have very special guests from Turkey, the Ministry Economy. They came a long way to share with us the new investment incentive system and investment opportunities in Turkey. I would like to thank them for coming here all the way. I also would like to express my thanks to the NSW Department of Trade & Investment, and AUSTRADE for their invaluable contribution to this event.

Before I start my speech I wish to acknowledge…

Distinguished Guests,

As the Consul General of the Republic of Turkey, I have been serving here in Sydney for two and a half years. During this period, I have delightedly observed that both Turkey and Australia are ready and enthusiastic to intensify and diversify their commercial and economic relationship. I literally experienced it in all my engagements and contacts with our Australian friends.
I consider this seminar as another indication of the desire and resolution of the both sides to explore every opportunity to take the economic relations between the two countries further.

Distinguished Guests,

Our countries enjoy a very special and unique relationship born from the battlegrounds of Gallipoli, Turkey. However, our relationship grows not only out of the historical context but also out of shared values. Although in different corners of the earth, our countries work together to face the global challenges. To this end, we closely cooperate in the multilateral fora, such as the UN, OECD and G-20.

Now, it is high time to benefit from this historical and political context to expand our commercial and economic relations. Bilateral trade and mutual investments are the two main areas on which we would like to focus in the years ahead.

Supporting mutual investments in Turkey and Australia is and will be one of our main priorities. Despite … AUD mutual investments in total between the two countries, it is still an area which must be explored by far sighted investors and supported by the governments.

Our guests from the Turkish Ministry of Economy will give you detailed information on the new investment incentive system and investment opportunities in Turkey. So, I will not dwell on the details of these incentives and opportunities. However, I would like to give you an overall picture of the Turkish economy.

Distinguished Guests,

As you know, Turkey has been performing very well in the economic front for the last ten years. Between 2002 and 2011, mean annual growth rate was 6%, which made Turkey the 16th largest economy in the world, 6th largest in Europe and one of the top 10 emerging markets.

Thanks to major steps taken to consolidate its economic structure and, wise and timely policies, Turkey has recovered fast from the global financial crisis and amongst those countries affected less from current global economic uncertainties.

In 2011, Turkish Economy expanded by 8.5%, which was well beyond the expectations of the IMF and made Turkey fastest growing economy in Europe. In the same year, GDP was 772 billion U.S. Dollars.

In parallel to the advancements in production, GDP per capita has considerably increased in the last ten years. Since 2003, it has tripled from 3,492 USD to 10,444 USD. According to Purchasing Power Parity (PPP), GDP per capita surpassed 15 thousand USD.

Turkey is also performing very well in terms of budget deficit/GDP ratio. In 2011, EU defined general government budget deficit/GDP ratio was 2.6% in Turkey, which was below the Maastricht criteria of 3%. It means Turkey outperformed 18 EU countries.

Figures grow not only in the economy but also in the demography. Population growth rate is 1.2% in Turkey, while it is 0.3% in the EU countries and -0.1% in Germany. Today, Turkey has a population of 75.6 million and half of it is under the age of 30.

Distinguished Guests,

-with its political system, which is based on democracy, human rights and rule of law,
-sound economic performance,
-young and dynamic population,
-qualified and competitive labor force,
-liberal and innovative investment climate,
-drastically developing infrastructure,
-unique geographical position,
-role in the distribution of the energy sources in its region
-low tax rates and incentive facilities,
-Customs Union with the EU and
-large domestic market
offers a very safe, profitable and stable destination for the Australian investors.

Before concluding my speech, I would like to reiterate that the Turkish Consulate General in Sydney, is always at the disposal of our Australian friends who are interested in investing in Turkey. Our doors are wide open for every one of you, and a cup of Turkish coffee is always a good start for a business.

Thank you.