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There are also wider opportunities and demand in the Turkish healthcare sector in the supply of;. High-end advanced medical technologies and equipment in all areas of medicine, but especially in diagnostics, laboratory systems, and robotic surgery equipment. Latest export opportunities — Life Sciences. Latest export opportunities — Turkey. In order for a UK company to market its medical equipment in Turkey, we advise the company to find an exclusive distributor or representative in the Turkish market.
They should have a strong reseller base to market and service the products across the country, follow public and private medical equipment tenders and be knowledgeable about shipping products into Turkey.
Medical equipment exported to Turkey has to comply with Turkish customs regulations. This will then place the product on the all-important approved list of the Social Security Agency. More about doing business in Turkey. Asiye Yaman , British Embassy Turkey. Yaman fco. Contact your local international trade team. They include specific sector and market-based activities.
UKTI also organises missions into the UK to allow overseas delegates to meet with potential partners or investors. You can sign up for this free service by visiting www. There is a charge for some of these services. For example, the cost of the Overseas Market Introduction Service OMIS which is based on a series of clear price bands depending on the type of activity required and how long we require to complete the task.
For all OMIS services, we agree the work we will undertake and the cost before starting. Export Communication Review assesses the way companies communicate with overseas customers and makes practical recommendations for improvement, including advice on websites. Export Marketing Research Scheme offers support, advice and grant funding to eligible companies wishing to research a potential export market.
FCO Country Updates provides authoritative analysis of emerging markets and identifies key issues relevant to UK business, for example, assessments of political and economic issues. The updates are compiled by UK embassies with access to high level Government and business contacts. The primary readership is senior business people within companies operating in a global marketplace. For more information on any of these services, please contact your local UK International Trade Team.
Contact details on www. Maximising foreign direct investment Supported by a stable political system and a well-established legal framework, it offers a skilled and flexible multicultural workforce and a unique spirit, individuality and allround creative energy. The UK, in itself, offers the best of international business. They also come here to become global. They enjoy access to world-class science and academia, and link into a wide network of smaller enterprises, many of which are also world leaders in their fields.
In short, the UK is the gateway of international connections. No wonder, then, that the UK is a magnet for foreign investment. Deciding where to locate your international business is often a long and involved process. Our services help businesses coming to the UK get up and running with speed and confidence. By choosing a local partner that is already established in the market, we are able to draw on its expertise, local knowledge and brand awareness as we gain a foothold in the local market.
Whatever the size of the company, we tailor our services to assist UK exporters in the Turkish market, from initial research through to market entry and beyond. The advice we offer is entirely impartial. The Turkey team has sector specialists co-ordinating UK export services to the region; giving British exporters and investors the choice of either single or multiple country enquiries. We can provide you with tailored services in the categories below and look forward to discussing your requirements in greater detail.
Market Introduction to Turkey Turkey is rapidly emerging as a high-growth market for many businesses. Its recent economic growth record, its talented, young workforce and its geographical location as a hub for regional market access make Turkey a core destination for UK and European trade and investment.
Although current worldwide economic problems are having an effect on Turkey. The mediumand longer-term importance of this market are outstanding. Now is the right time to explore the prospects for your business in Turkey. Doing Business in Turkey offers many and varied opportunities, and can be rewarding for those who are well prepared. The business environment is little different from anywhere else.
In Turkey you will find the same keen competitiveness, the same thirst for high quality and the same insatiable appetite for trade. Like any new market, if you want to be successful and fully realise your potential, it is crucial to understand the culture and how business operates locally.
Turkish companies are active in the region and opportunities exist for collaboration with UK firms to win contracts further afield. Why Central Asia and the South Caucasus? The region offers several promising emerging markets with high value opportunities for UK companies. The frequency of flight connections with Istanbul, UK Trade and Investment resources available to the network in Turkey and Moscow, and the need to maximise the quality of support offered to British businesses wanting to work throughout the region means it makes sense to look at closer cooperation.
What Next? Some things may take longer to set up than you think especially if they involve bureaucracy , so allow for this in your preparations. Things often change rapidly and unexpectedly in Turkey. Turkey has many of the characteristics of both a European and a Middle Eastern country.
It lives with the cultures of both secularity and Islam. It has a rich and varied history and has seen many different empires rise and fall. It is a country of profound national pride and a unique location as the bridge between Europe and Asia. Registering on the website, which is free, provides you with a number of benefits such as access to business opportunities, sector and market reports and information alerts. It also enables you to self-manage the information you receive.
Up-to-date information on political and economic developments in Turkey, as well as information on aspects of doing business there, can also be found in the business press and trade magazines. Once you have gained a clearer idea of the Turkish market and what you want to achieve, it is time to start making contact with the specialists and exploring what kind of tailored research you might need to make an effective entry into the market.
Sectors of opportunity in Turkey Turkey presents opportunities for UK companies in almost all sectors, but high quality British products and services are particularly well received in the sectors presented here. Energy and renewables. The Turkish Energy sector: Needs total investment of more than billion dollars by Turkey plans to reform energy production to meet increasing demand and aims to become a transit hub for energy transportation in the region.
Energy consumption in Turkey is low compared with Western European countries, but is steadily increasing. The transition of the Turkish electricity market to a liberalised market has already attracted both domestic and foreign investors. Privatisation together with plans to construct new power plants, present further opportunities for foreign businesses. Turkey has also agreed to build its first nuclear power plant with Russia and is looking for partners to build a second and third.
Turkey also has significant interest in renewable energy. In early , Turkey enacted a new law aimed to encourage renewable energy investment through offering better incentives, in particular in solar energy. This has attracted interest from Germany, Spain and the US. Privatisation of energy production and distribution is underway. But progress so far has been mixed. Turkey will now run tenders for electricity generation assets over the next year. There are opportunities for UK companies, particularly for service sector companies as new private sector owners look to make efficiency savings.
The UK is well-placed to offer technical expertise in areas such as low carbon energy generation, carbon markets, consultancy and grid connection, as well as energy efficiency in existing technologies. The global economic crisis may have provided a boost to hosted software and outsourcing solutions, which have grown in popularity. The peers. Under close regulatory supervision, Turkish financial Turkey. The Turkish financial service sector is heavily regulated and requirements institutions boast healthy financial ratios are very strict.
As a result, Turkish banks and bright growth prospects. The Turkish financial services industry has gone through are regarded as some of the safest in the world. Technology is widely used a radical structural transformation since and Turkish internet and telephone the financial crisis in A new industry watchdog has been created and mandated banking systems are some of the most advanced in the world. Due to the young with enforcing strict reserve requirements demographics of the country, consumer partly as a result, the Turkish banking banking important and developed.
Turkish industry is considerably healthier than its financial services professionals are well European counterparts and survived the recent financial crisis relatively unscathed. Banking licenses are next 10 years. Financial and business services. Service related aspects, such as sustainable construction related consultancy, urban regeneration, engineering and design, in particular, UK firms with expertise in creative and technical services with good networking skills will get a chance to take part in this high-growth area.
Public Private Partnership PPP projects will be more wide-spread and the upgrading of the existing infrastructure motorways, railways and airports as well as building new infrastructure will be on the agenda.
The annual need for new housing is approximately , units domestically. Turkish contractors are active in 96 countries and are known for being successful especially in volatile environments. Continuing to educate Turkish contractors about the value of service related aspects, such as procurement processes, project management and PPP structures will help increase their presence in the market.
Together with the note increase, the investment volume in all sectors will increase and interest rate will decrease making investors feel more secure. Low interest rates and a secure investment environment will provide the improvement of the construction sector with new investments especially on housing. The Defence and Security Sector is a major potential market in Turkey. It is the second largest armed force in the Alliance with , troops under arms.
However Turkey is open to international cooperation and partnering with foreign companies. It has announced that major new plans to produce an indigenous fighter and trainer aircraft as well as national helicopter. In addition it is building over hulls for the navy and exporting to 3rd countries. There are also major opportunities in homeland security.
This includes critical national infrastructure protection e. These sectors represent strategic opportunities for the UK to partner. Turkey has increased the money spent on education in recent years, with an increase from 3. Currently there are not enough places at higher education facilities in Turkey, with supply outstripping demand — 1.
Population growth will exacerbate this problem. Increasing numbers of Turkish students are looking for opportunities to study overseas. There is potential for this to increase further. With this project, 40 thousand schools and nearly thousand classes will be equipped with the latest information technologies and turned into computerised education classes Smart Class.
The British Embassy in Ankara and the British Consulate -General in Istanbul are conveniently situated close to the heart of each city, providing an ideal environment for seminars and exclusive meetings. The prestigious gardens of the Embassy and the Consulate are also available for high profile events.
The capacity of the rooms and gardens vary between the Embassy and Consulate, please get in touch with the Marketing team in UKTI Turkey for further information.
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