In his statement, Engin Aksoy, president of the International Investors Association (YASED), said that Turkey aims to achieve a 1.5 percent share from global international direct investment flows, adding that the current figures do not fully reflect Turkey’s potential.
Noting that international direct investment inflows of $4.8 billion took place in Turkey in the first 6 months of this year, Aksoy said, “Of these investments, $2.5 billion are mergers, acquisitions or investment capital inflows from scratch. The June period Based on the results of our PULSE survey of YASED senior executives, we estimate that macroeconomic stability and improvements in the regulatory framework will trigger at least $7.1 billion in additional investment capital flows over the next 6 months. Said.
Pointing out that European Union (EU) countries have occupied the first position with a share of 59 percent of all investments that have come to Turkey since 2002, Aksoy said:
“In the first 6 months of this year, we see that this general trend is preserved. EU countries remained the first source region for capital inflows to Turkey with a share of 56 percent. At the country level, the Netherlands contributed 23 per cent. of total investment capital inflows. We see that the Netherlands is followed by Russia with 15 per cent, UAE with 13 per cent, Germany with 7 per cent and Ireland with 7 per cent. Wholesale and retail in investment capital flows. Trade, power generation were the key sectors. The first 6 months of 2023. Apart from these sectors, we see continued investment flows in information and communication, which was one of the key sectors last year.”
“Turkey is a country where the cost is lower than countries like Poland and Hungary”
YASED President Aksoy, Türkiye; He emphasized that it is an important investment destination with its population in the region and its proximity to the EU market, with which it has deep trade relations as a contribution to the Customs Union.
Stating that Turkey is a low-cost country compared to countries such as Poland and Hungary with which it competes, Aksoy said, “In general, taxes and incentives are still a problem in Turkey compared to compared countries.” There are attractiveness factors. Although it cannot use its full potential, Turkey’s other areas where it is advantageous are human resources and infrastructure. Said.
On the other hand, Aksoy said that Turkey still has areas for improvement in terms of risk indicators and regulatory framework, and that they attach importance to the Investment Environment Reform Coordination Board (YOIKK), and that they will follow up on priority agenda issues together. We do. Along with public officials in consultation platforms to which they actively contribute, they also said they would follow up on important agenda issues for YASED in the medium-term program, which is expected to be announced soon.