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Foreign investment in Turkey is a candidate for a general rise

14-02-2020 | admin

The increased interest of foreign investors in turkey's various business sectors this year (2020) will make FDI a candidate for a rise, said AishSm Sajgen, president of the International Investors Association (YASED).

Since the beginning of 2020, foreign investors have shown interest in mergers between foreign and Turkish companies, or the purchase of local companies in Turkey, Sargen told Anadolu Correspondent.

Sargen said that the increased interest of foreign investors in Turkey's business sectors and the contribution to economic activities in the country have increased predictability and made FDI a candidate for a rise this year.

"2019 has been a very difficult year for everyone, and the global economy has seen unpredictable or uncontrollable developments," Shesaid.

She also touched on the negative effects of global trade wars and protectionism on global investments, saying that global investment reached $1.3 trillion globally in 2018, and that Turkey's share of those investments amounted to $13 billion, predicting that 2019 showed a decline in these figures.

In 2020, the global economy will be more predictable, and this will be positively reflected in global investments, Sargen said.

Sargen noted that the entry of foreign investors into various Turkish business sectors this year would give a boost to the Turkish economy.

Since the beginning of 2020, foreign investors have been accepting entry into innovative sectors, and Turkey currently has a 1 percent share of FDI, but this figure is far below Turkey's potential, she said.

"Our goal is to increase Turkey's share of these investments to 3 percent." In this case, Turkey will be among the top 10 countries attracting investment. We should focus on the goal and support the activities of foreign investors.

The International Association of Investors has included companies that have been making significant investments in Turkey for 100 years, sargen said.

"These companies, which are leading long-term investments in Turkey, have experienced significant events and volatility, yet they have maintained their long-term investments, making them the leading winners in Turkey with an upward trend in terms of economic growth."

She noted that the association, working in coordination with the Turkish institutions concerned, to improve the investment environment and ensure that it is more active in various Turkish states and benefits from various investment laws.

Sargen said improving Turkey's investment environment will drive more investors and the growth of investment by investors currently operating in the country.

"Current foreign investors are naturally expanding their investments in Turkey because they are aware of the potential of the country."

The World Bank's ease of doing business in Turkey has jumped to 33rd place in the past two years, surpassing 27 rankings, Sargen said.

Sargen stressed that the rise of the index indicates the capabilities that Turkey possesses when focusing on specific topics, and that the Turkish economy is a candidate for additional positive indicators thanks to activities led by the Coordinating Council to improve the investment environment, in cooperation with the public and private sectors.

Sargen also said Turkey should focus on producing advanced technology and value-added investments by attracting more foreign investors.

She also pointed out that Brexit will have a positive impact on the Turkish economy and will give a boost to economic relations between Turkey and the UK.

Britain's withdrawal from the European Union was a very important development, she said, stressing that it would move trade between Ankara and London to a new stage of positive character in all areas.

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Source/Anatolia News Agency