The critical investment summit in Istanbul has commenced.
The Investment Advisory Council has convened for the first time in 8 years, featuring companies with a combined value of $3.5 trillion.
President Recep Tayyip Erdoğan delivered the opening speech at the meeting held at the Dolmabahçe Working Office.
President Erdoğan stated, “With our strong production capacity and human resources, the Century of Turkey will be the century of investment.”
“WE WILL IMPLEMENT REFORM PACKAGES”
Highlights from Erdoğan’s statements:
“We established the Investment Advisory Council in 2014 to gather the views of the international business community.
Today, our country has become one of the leading destinations for international direct investments.
Moving forward, we will find solutions to our problems through collective wisdom and will implement new reform packages.”
“IT WILL BE AN INVESTMENT CENTURY”
Turkey has proven itself to be a reliable partner in global trade.
We have taken revolutionary steps. With robust production capacity and human resources, the Century of Turkey will indeed be the century of investment. We are determined to make the Century of Turkey an investment-centric era.
We are not just talking about an increase in volume; we have also expanded the technology composition of our exported products.
EMPHASIS ON THE MEDIUM-TERM PROGRAM
Over the last 21 years, we have recorded an average annual growth rate of 5.4%, rising to 11th place according to purchasing power parity.
In 2002, with $36 billion in exports, we held a 0.5% share of global trade; today, with $256 billion in exports, our share is above 1%.
We have entered a period where our current account deficit has decreased, reserves have increased, risk indicators have improved, and inflation is under control.
We will not give up on fiscal discipline. Recent data on growth, employment, foreign trade, and inflation demonstrate that the (Medium-Term) program is working.
In the last 15 years, international capital companies have accounted for approximately 31% of total exports in Turkey.
“WE ARE CLEARING THE WAY FOR INVESTORS”
We are continuing our efforts on numerous issues that are significant for our investors.
We aim to complete our work focusing on climate laws, entrepreneurship ecosystems, and investment incentives before the end of the year, clearing the path for investors.
We are emphasizing digital transformation, green economy, and energy efficiency, and we plan to accelerate investments.
With the opening of Parliament, the climate law will be on the agenda. This law will speed up the green transformation process in our industry.
We will enhance our competitiveness and provide investment support opportunities in over 30 areas.
Our Presidential Investment Office is available to assist you 24/7. Our relevant ministries are also ready to support you.
“THERE ARE 3.5 YEARS WITHOUT ELECTIONS”
Turkey has a precious 3.5 years ahead without elections. We can only reach our goals by making the most of these 3.5 years.
We see the discussions about elections, which the opposition brings up to mask its internal conflicts, as nothing but futile efforts.
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.
