The head of the Presidency’s Investment Office referred to as Thursday on German firms to judge alternatives Türkiye’s quickly rising economic system and its strategic location are providing, highlighting its different benefits resembling its younger inhabitants and logistics infrastructure.
The Investment Office organized the Türkiye-Germany Investment Conference with the theme “Türkiye as an Investment Destination” on the Berlin Embassy.
In his presentation on the convention, Burak Dağlıoğlu acknowledged that the worldwide economic system is dealing with challenges resembling fluctuating power costs, provide chain vulnerabilities, labor shortages and local weather change, but regardless of this, he stated Türkiye stands tall as a information for European buyers.
Explaining that Türkiye presents alternatives to worldwide buyers with its younger and well-educated workforce, seamlessly built-in into international worth chains, diversified manufacturing base, and superior infrastructure, Dağlıoğlu talked about that the nation’s varied power sources and rising renewable power manufacturing present secure costs, and the customs union facilitates tariff-free commerce, making issues simpler for buyers.
Dağlıoğlu recalled that the Turkish economic system is a fast-growing and resilient economic system, with a mean annual development fee of 5.2% over the previous 20 years.
“If you compare this with emerging economies excluding China and India, Türkiye is one of the highest growing economies,” Dağlıoğlu stated.
Describing the Turkish economic system as resilient to shocks, Dağlıoğlu acknowledged that the nation’s public debt-to-GDP ratio stays very low in comparison with different international locations.
He famous that a number of international monetary crises have been seen within the final 20 years, but there has not been a banking disaster in Türkiye throughout this era, which is an element contributing to the resilience of the Turkish economic system.
“Our two main messages to international investors are that Türkiye is a rapidly growing and resilient economy and will continue to be a fast-growing economy in the coming years,” Dağlıoğlu stated, emphasizing that Türkiye has applied many financial reforms since 2002 and is likely one of the most liberal economies relating to worldwide direct funding.
Moreover, he highlighted that Türkiye continues its macroeconomic reforms and is an investor-friendly nation.
He additionally identified the expert workforce, providing worldwide buyers a aggressive and value benefit.
Dağlıoğlu acknowledged that worldwide buyers who spend money on Türkiye, which is on the crossroads of Africa, Europe and Asia, can simply attain a inhabitants of 1.2 billion.
Citing the vp of an American multinational firm who stated, “When looking at the map, there is no country with industrial and logistical capabilities like Türkiye from Germany to China,” the official stated they have been “proud of our industrial infrastructure.”
Emphasizing that Türkiye is decided to have a sustainable future, Dağlıoğlu acknowledged that the nation is closely investing in renewable sources for a inexperienced economic system.
Recalling that bilateral commerce between Germany and Türkiye has reached $50 billion (TL 1.61 trillion), Dağlıoğlu talked about that the 2 international locations have very robust historic ties in lots of areas, particularly within the fields of economic system and tradition.
He additionally stated that Türkiye’s “digital ecosystem” is rising and drew consideration to the alternatives the nation presents within the subject of e-commerce resulting from its geographical location whereas inviting German firms to reap the benefits of these alternatives by investing.
Source: www.dailysabah.com