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“ Turkey: The Gateway to opportunities on the Silk Road ”

“ Turkey: The Gateway to opportunities on the Silk Road ”. U. Kenan Ipek CONSUL GENERAL OF THE REPUBLIC OF TURKEY. is the 17th largest economy of the world and 6th largest of the EU with GDP of $654 bn (2007). with 70 million population the largest and the youngest of Europe.

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“ Turkey: The Gateway to opportunities on the Silk Road ”

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  1. “Turkey: The Gateway to opportunities on the Silk Road” U. Kenan Ipek CONSUL GENERAL OF THE REPUBLIC OF TURKEY

  2. is the 17th largest economy of the world and • 6th largest of the EU with GDP of $654 bn (2007) • with 70 million population • the largest and the youngest of Europe

  3. has 37 million credit card users (2007) has 62 million GSM users (2007) has reached 22 million internet users in last three years (2007)

  4. Turkey is the 8th largest shipbuilding country in the world (2006) - Turkey is the 3rd largest mega yacht producer in the world (2006) – VOLITAN IDA International Design Award 2007,New York

  5. Over 1 million motor vehicles were produced in 2007, for 17 global brands, making Turkey 16th largest producer worldwide

  6. Turkish Airlines is the fastest growing airline company in Europe - Total 62 million flight passengers in last 4 years -

  7. Cumulative undertakings of construction and consulting engineering firms have reached 105 billion Dollars in more than 65 countries

  8. Turkey ranked as the 9th most visited holiday destination in the world with 23.3 million tourists

  9. LOCATION OF TURKEY Manufacturers in Turkey access to 1.2 billion consumers

  10. TURKEY: A MAJOR ENERGY TRANSPORTATION HUB • Natural Gas • A. Existing • Russia-Turkey (2 pipelines) • Iran-Turkey • B. Under construction • South Caucasus • Turkey-Greece-Italy • C. Projected • Trans-Caspian • Nabucco • Samsun-Ceyhan-Haifa • Iraq-Turkey • Oil • A. Existing • Baku-Tbilisi-Ceyhan (BTC) • Kirkuk (Iraq)-Ceyhan • B. Projected • Kazakh oil (BTC) • Samsun-Ceyhan

  11. THE BTC AND THE BTE PROJECTS

  12. NABUCCO PIPELINE

  13. ARAB NATURAL GAS PIPELINE

  14. MAJOR PIPELINE SYSTEM AND PROJECTS (1)

  15. MAJOR PIPELINE SYSTEM AND PROJECTS (2)

  16. NATURAL GAS PIPELINES

  17. THE CEYHAN TERMINAL

  18. TURKISH ECONOMY FDI INFLOW ($ bn) 1993-2003 (Yearly Average) 2004 2005 2006 2007 22 20 9 2.8 1.1 Source: Undersecretariat of the Prime Ministry for Treasury

  19. 277 220 190 161 117 TURKISH ECONOMY FOREIGN TRADE VOLUME ($ bn) 2004 2005 2006 2007 2003 Source: Undersecretariat of the Prime Ministry for Foreign Trade

  20. TURKISH EXPORTS TO Germany UK Italy USA France Spain RF Iraq Netherlands Romania TURKISH IMPORTS FROM RF Germany China Italy France USA Iran UK Switzerland Spain TURKISH ECONOMY MAIN FOREIGN TRADE PARTNERS

  21. TURKEY’S FOREIGN TRADE POLICY FREE TRADE AGREEMENTS Along with the Custom Union with the EU, Turkey has Free Trade Agreements with 11 countries Albania Bosnia Croatia Algeria * Egypt Israel Jordan * Lebanon * EFTA (Iceland, Norway, Switzerland and Lichtenstein) Macedonia Morocco Palestinian Authority Syria Tunisia Georgia * *Free Trade Agreement underway

  22. TURKISH ECONOMY MERCHANDISE EXPORTS ($ bn) 2004 2005 2006 2007 2003 107 85 73 63 47 Source: Undersecretariat of the Prime Ministry for Foreign Trade

  23. TURKISH ECONOMY BREAKDOWN OF TURKISH EXPORTS BY SECTORS (2007) • Manufacturing goods dominate a high percentage of exports Manufactures 86% Agricultural Products Mining Products 11% 3%

  24. 170 135 116 97 69 TURKISH ECONOMY MERCHANDISE IMPORTS ($ bn) 2004 2005 2006 2007 2003 Source: Undersecretariat of the Prime Ministry for Foreign Trade

  25. TURKISH ECONOMY BREAKDOWN OF TURKISH IMPORTS BY BROAD ECONOMIC CATEGORIES (2007) • Most of the intermediary goods are processed for exports

  26. 118 95 88 80 60 35.6 TURKEY’S FOREIGN TRADE POLICY TRADE WITH EU COUNTRIES ($ bn) 1996 2003 2004 2005 2006 2007 • Customs • Union: Source: Undersecretariat of the Prime Ministry for Foreign Trade

  27. 96 75 60 45 31 20 TURKEY’S FOREIGN TRADE TRADE WITH NEIGHBOURING AND SURROUNDING COUNTRIES ($ bn) 2000 2003 2004 2005 2006 2007 Implementation year of the Strategy Source: Undersecretariat of the Prime Ministry for Foreign Trade

  28. TURKEY’S FOREIGN TRADE POLICY NEIGHBOURING AND SURROUNDING COUNTRIES Turkish Foreign Direct Investments ($bn / cumulative) 2000 7 Implementation year of the Strategy 2007 12 Source: Undersecretariat of the Prime Ministry for Foreign Trade

  29. TURKEY’S FOREIGN TRADE POLICY TRADE WITH THE USA ($ bn) 2001 2002 2003 2004 2005 2006 2007 12.3 11 10.2 9.6 7.2 6.4 6.5 Source: Undersecretariat of the Prime Ministry for Foreign Trade

  30. POTENTIAL SECTORS AND PRODUCTS • - jewelry • copper and aluminum products, • pumps • air-conditioning equipment • machine tools • electrical equipment • home appliances • cables • agricultural products • auto spare parts • - automotive • processed foods • - plastics • apparel, yarns • fabrics • home textiles • marble • ceramic tiles • sanitary ware • glassware

  31. ALLIANCE OF CIVILIZATIONS • TURKEY AND SPAIN UNDERTOOK THIS PROJECT UNDER THE AUSPICES OF FORMER UN SECRETARY GENERAL, KOFI ANNAN • PURPOSE IS TO ADDRESS GROWING POLARIZATION BETWEEN WEST AND ISLAMIC WORLD • HIGH LEVEL GROUP ESTABLISHED BY UN SECR. GEN. SUBMITTED ITS FINAL REPORT IN 2007

  32. Thank You

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