INTERNATIONAL TRADE OPPORTUNITIES IN TURKEY

Turkey is a country with a unique geographical location, between Asia and Europe. Throughout its history, Turkey has served as both a barrier and a bridge between the two continents, and it has become a crucial nation along the New Silk Road’s so-called Middle Corridor. Because of its position, the Middle Corridor is now one of the most crucial parts of plans to recreate the old Silk Road trade route to connect Asia and Europe.

As the world changing, international trade also changed accordingly. The more globalization arise, the international business, negotiation also arise which leads the inadequacy of the multilateral trade order in terms of new market openings and the difficulty to make international trade. At the time, Free Trade Agreements (FTA) come up as a solution to this and strengthened the relations between the countries. Turkey, to overcome commerce problems, customs problems; facilitated international trade thanks to the Customs Agreement with the European Union, EFTA and FTA with many countries.

So, what are the business opportunities in a country with an unique geographical location?

According to the latest data these are the industries that Turkey strong for;

  • Manufacturing Industry

– Automotive

– Automotive Products

– Household Appliances

– Spare Part

  • Agriculture, Forestry And Fishing Industry

– Agricultural And Food Products

– Prepared Foods

– Canned Products

– The Fish

– Hazelnut and Tea

  • Mining And Quarrying Industry
  • Ready-To-Wear And Textile Industry

According to Turkish Statistical Institute, the share of the manufacturing industry in January 2022 was 93.3%, the share of the agriculture, forestry and fishing industry was 4.1%, and the share of the mining and quarrying industry was 2.1%.

Simya Trade, are on our path to become a leading company in the field of international trade in Turkey, with the aim of providing you the opportunities in business lines such as food and agricultural, automotive, international logistics, and real estate investment consultancy. Simya will assist you in starting a business in Turkey from anywhere in the world. We value business relationships that dominate the industry and are focused on trust, and we embrace the concept of growing together.

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