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Newsletter04/30/13
Issue299 Vol.13 Number04
LATEST RESOURCES FOR INTERNATIONAL TRADE PROFESSIONALS
Featured Country
Market Studies
Tradeshows Events
Trade Issues
Business Directories
Find service provider
This issue is sponsored by:
Western Union® Business Solutions

OUR FEATURED COUNTRY: Turkey
Last month, the United States and the European Union began to prepare the ground for the start of negotiations to establish a Transatlantic Partnership for trade and investment. Ultimately, this agreement would create the largest integrated market in the world, bringing together half of the global GDP and 30% of the world trade. Turkey, which has been deeply integrated in the common European market since the establishment of a customs union in 1996, and has begun negotiations for its accession to the EU, is concerned about this situation. Indeed, the country would face the arrival of products that would enter the European market duty free, many of which are in direct competition with Turkish exports.

It is in this sense that the Turkish Prime Minister announced that he will meet with President Obama on May 15, to try to form a working group for the establishment of a free trade agreement with the United States. In 2012, the United States exported nearly 12.5 billion USD of goods (two times more than in 2007) and imported nearly 6.3 billion USD. The U.S. trade balance with Turkey therefore posted a net surplus of nearly 6.2 billion USD. Turkey has therefore become the 20th largest export market in the world for U.S. goods and the 10th if we only take into account the exports of agricultural products. Among the main products exported to Turkey, there are planes, iron and steel, petroleum, cotton yarn and fabrics. Among the main Turkish products imported by the United States, there are cars, machinery, stone, plaster and cement. The number of American companies investing in Turkey has more than doubled between 2007 and 2012, to reach 1,200. Indeed, many American companies see Turkey as a springboard to markets in Africa and the Middle East.

The signing of a free trade agreement with the United States would allow Turkey to offset the trade deficit that could arise from the signing of the Transatlantic Partnership for trade and investment.

> View our complete country profile for Turkey
> Browse 88 more country profiles
MORE USEFUL LINKS

Doing business with Turkey:
> Doing Business in Turkey: 2012 Country Commercial Guide
> Turkey Highlights 2013 - Deloitte
> Embassy of the United States in Ankara
> Turkey Tax Guide 2012 - PKF
> Doing Business: data for Turkey

More information about relations between the U.S. and Turkey:
> U.S.-Turkish Economic and Commercial Cooperation
> Trade in Goods with Turkey
> American-Turkish Council
> The U.S. Commercial Service in Turkey
> Doing Business: data for Turkey
About Western Union® Business Solutions
Western Union Business Solutions enables companies of all sizes to send and receive cross-border payments and manage foreign exchange. With deep expertise in moving funds around the globe, access to over 135 currencies, and a global financial network spanning more than 200 countries and territories, we help companies spend less time managing international financial transactions and more time growing their businesses.

We have extensive experience working with clients in a variety of sectors, including import and export, wine and spirits, agriculture, mining, and non-profit. We also offer customized solutions for legal, financial and educational institutions.

Western Union Business Solutions is one of the world’s leading providers of cross-border business payments, and we operate through locally licensed affiliates in more than 30 countries.


For more information on how Western Union Business Solutions helps companies of all sizes to manage their international transactions, visit www.business.westernunion.com
Advertorial:

MARKET STUDIES
Turkey's natural gas market

This report dealing with the recent developments by the end of 2011, mainly analyzes the development of the regulatory framework, the new progresses in different segments of the sector, the rules governing the relations between market players and the encountered experiences in this framework.
MORE MARKET STUDIES

> The textile market in Turkey
> The building materials industry
> Travel and Tourism: Economic Impact 2012

TRADESHOWS & EVENTS
ISTANBUL FOOD-TECH 2013

8th Food and Beverage Technologies, Food Safety, Additives and Excipients Products, Cooling, Ventilation, Storage Systems and Logistic Fair will be held between the dates of September, 12-15 2013 at TÜYAP Fairs, Convention and Congress Center - Büyükçekmece, İstanbul, Turkey.
MORE TRADESHOWS & EVENTS

> PACKAGING - PLASTIC ADANA 2013
> ISTANBUL BOAT SHOW 2013
> OTOMOTIV 2013
> CEBIT BILISIM EURASIA 2013
Partner

TRADE ISSUES
Business Opportunities from Turkey

Business Opportunities from Turkey has been designed to serve our firms in their efforts to find and contact buyers, distributors, agents or representatives abroad by announcing their requests/offers to target markets.
MORE TRADE ISSUES

> Trade Turkiye
> Business in Turkey
> Turkeychambers.com

BUSINESS DIRECTORIES AND TRADE INFORMATION
BusinessTurkiye.net

Directory of business resources and information for those looking to do business in Turkey.
MORE BUSINESS DIRECTORIES

> Turkey Business - Telerehber
> BusinessDirectoryTurkey
> TradeTurkey.com
> Turkey Business Directory

FIND QUALIFIED SERVICE PROVIDERS
DAT- Consultancy

We are an internationally renowned debt collection company with a strong focus on the Turkish Market. Since our establishment back in 2007 we have fulfilled our pioneer role in the Turkish market by introducing this hitherto unkwown type of service in Turkey. Foreign creditors with debtors in Turkey do now have the opportunity to recover the debt without the intervention of any expensive lawyers and avoid lengthy legal proceedings.
MORE SERVICES PROVIDERS

> TURnKEY an expert in Market Research in Turkey
> Mira Transport Services an expert in Freight Forwarding in Turkey
> Alafranga Language Solutions Ltd. an expert in Translation Services in Turkey
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