SHINING STAR OF WORLD TRADE ‘TÜRKİYE’ Turkey, which is the 5th largest ready-made clothing supplier in the world and the 3rd largest in the EU, increased its exports to Europe by more than 100 million dollars.
With its rapidly developing economy, geostrategic importance and opportunities, Turkey is becoming a rising value attracting foreign investors from all sectors. This geographical advantage offers fast access to a population of 1.5 billion and a market of over US$20 trillion, including Europe, the Middle East and North Africa region, and Central Asia. As a result of the free market economy and the breakthroughs it has made in the way of opening to foreign markets, especially since the 1980s, Turkey, which has a remarkable place in the world markets, especially in the region and Europe, has become the center of trade due to its location and with a population of more than 82 million. It has become one of the most populated countries in the world. Turkey, which has comprehensive incentive programs, offers extremely comprehensive investment incentive programs for those who want to invest from scratch and those who want to commission their projects to expand their investments, where they can provide advantages in costs with low taxes. Hundreds of leading global companies in the automotive, energy and retail sectors can benefit from competitive R&D incentives in the country. However, companies established in Free Zones that can be found in many regions of Turkey can be exempt from many taxes. Turkey, which offers unique opportunities with its young, dynamic and growing population, which forms the basis of a strong labor market and vibrant domestic market, constitutes the third largest workforce pool in Europe with a workforce of 33.3 million people. Turkey’s young population, as the most important factor in the growth of the workforce, has contributed to the country’s ranking above its competitors. Turkey, one of the fastest growing economies in the world with an average annual GDP growth rate of 5.4% between 2003 and 2021, is a center of attraction for countries that want to invest. Turkey, which is an effective and cost-effective center for major markets with its location providing access to global markets at the intersection of Europe, Asia and Africa, is a 4-hour flight away with a total of 1.3 billion dollars covering Europe, the Middle East and North Africa region and Central Asia. It offers easy access to a population and a market worth $26 trillion. In addition to the large domestic market, Turkey, which is effective in regional markets that provide access to 1.3 billion consumers with Free Trade Agreements, has direct access to EU markets with the Customs Union in force with the EU. Turkey offers a comprehensive investment incentive program that supports minimizing start-up costs and accelerating investment returns for both greenfield and expansion investment projects. Turkey, which has an important market in the textile and ready-made clothing sector, as in many sectors, started to grow rapidly with the export-oriented development policy put into practice in 1980. When the textile and ready-to-wear sectors are evaluated together, textile and ready-made clothing is one of the important sectors of Turkey in terms of macro-economic factors such as its share in the manufacturing industry and production, net foreign currency input to the economy, gross domestic product, employment, exports, and investment. Turkey, which is the 5th largest ready-made clothing supplier in the world and the 3rd largest in the EU, increased its exports to Europe by more than 100 million dollars last year. Turkey, which increased its exports to the region by 7.4 percent compared to 2019 and 14 percent compared to 2020, achieved an export of 10.5 billion Euros. Turkish ready-made clothing industry became the world’s 4th denim apparel exporter, the world’s 2nd socks exporter, Europe’s 3rd apparel exporter and the world’s 6th ready-to-wear exporter At the beginning of the features that make the Turkish market attractive are the design of new, sustainable and renewable products with the understanding of fast fashion, the desire of the stronger and rapidly increasing brands to promote themselves, and the strengthening retail sector. Turkey, which attracts the attention of other countries with the quality of the materials used in the products and the understanding of timely delivery, is also one of the favorite markets in the ready-made clothing sector. Turkey is a reliable partner for foreign investors and a safe harbor in global supply chains with its production diversity, geographical advantages, trained manpower, strong and experienced business circles, infrastructure investments and public incentive instruments during the epidemic period when both trade and business ways are changing in the world. has continued to maintain its status as a reliable and quality supplier to the whole world.
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