Business representatives evaluate the Financial Action Task Force’s (FATF) decision to remove Turkey from its gray list.
Orhan Turan, Chairman of the Turkish Industrialists and Businessmen’s Association (TÜSİAD):
Turkey’s removal from the FATF gray list is a gratifying development in strengthening our investment environment and accessing finance. I congratulate those who contributed to this achievement and hope to continue seeing the positive results of the correct steps we take in the economy in the coming period.
Rifat Hisarcıklıoğlu, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB):
The removal of Turkey from the FATF gray list is a positive development. It confirms that the Turkish economy is on the right track. This will contribute to the formation of a positive perception and views towards our country, positively reflecting on the Turkish economy and investment environment. I congratulate everyone involved in this important development.
“FOREIGN CAPITAL FLOW WILL ACCELERATE”
Seyit Ardıç, President of the Ankara Chamber of Industry:
Turkey’s ability to borrow from international markets will increase slightly from now on. This development will positively influence foreign investors’ perception of Turkey, speeding up the flow of international capital into our country. Being removed from the gray list will alleviate additional burdens and inspections on businesses engaged in foreign trade and contribute to an increase in exports. These developments will support the growth of the national economy and contribute to financial stability. I would like to extend our gratitude to everyone involved, especially our Minister Mehmet Şimşek, for their intensive efforts to ensure Turkey’s removal from the gray list.
“THERE WILL BE POSITIVE REFLECTIONS IN THE INTERNATIONAL ARENA”
Gürsel Baran, President of the Ankara Chamber of Commerce:
This development, which we have been anticipating for a long time, has pleased us greatly. We hope that we will all see the positive reflections in the international arena in the upcoming period. We especially believe that our power in terms of foreign investors and external financing will increase.
Mustafa Gültepe, President of the Turkish Exporters Assembly (TİM):
Being on the gray list was one of the issues that harmed both our international trade and our financial markets. Our removal from the list will open new opportunities for our exporters and the business world. The trust of international banks and financial institutions in our country will increase. Thus, it will facilitate our financial transactions and encourage foreign investments to turn towards Turkey. The decision made by the FATF is a turning point for our national economy. Especially in this period, where we need new investments to achieve our 2028 export targets, the significance of the decision is substantial. We are excited about new investment opportunities and hope that this decision will be beneficial for our country and economy.
“IT WILL CREATE A POSITIVE IMPACT ON OUR ECONOMY”
Mahmut Asmalı, President of the Independent Industrialists and Businessmen Association (MÜSİAD):
The FATF’s decision to remove our country from the gray list has pleased us as representatives of the Turkish business world. Our country, being one of the few in the world fighting against the financing of terrorism, has thus been freed from an unjust accusation. As a result of this decision, in the coming days, our country’s potential will strengthen our business world and investment environment, creating a visibly positive impact on our economy.
Şekib Avdagiç, President of the Istanbul Chamber of Commerce (İTO):
Turkey is now where it belongs; it has been on a list where it should not have been for 2.5 years. Our country’s removal from the FATF gray list will further strengthen our business and investment environment. When the FATF’s new assessment aligns with the program and structural reforms that our economic management is decisively implementing, it will open new doors in terms of global capital flow and business prospects. Additionally, it will bring fresh confidence in the willingness of international financial institutions to engage with Turkish companies.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
