Turkish trade’s center of gravity shifting in TUSKON bridges


Date posted: June 9, 2012

HAKAN TAŞÇI

Over the last six years, the Turkish Confederation of Businessmen and Industrialists (TUSKON) has introduced a new concept to trade fair organizations: World Trade Bridges. These programs have evolved over time and become internationally recognized trade events in Turkey.

International companies receive invitations to these programs, come to Turkey and — with the support of thousand of interpreters — meet with Turkish companies and seek ways to do business together at thousands of tables. The 25th of the Trade Bridges, which convened this past week in İstanbul, hosted more than 1,500 international companies from 130 countries together with 1,200 Turkish companies. More than 200 companies were represented at booths in this unique program.

This World Trade Bridge — focusing on construction, construction materials, home textiles, and furniture — became the hub for billions of dollars of international trade. Journalists were present at the program and individual deals struck were covered extensively in the media. For instance, President Abdullah Gül’s scholarship negotiation with TUSKON President Rızanur Meral and Economy Minister Zafer Çağlayan at the gala dinner made headlines the next day. As part of their bargain, 25 young Africans will get scholarships to get their college degrees in Turkey. But a broader perspective on the convention can also shed some light on how Turkish trade is evolving.

This program often shows the emerging trends in Turkish interest in the world and the priority countries for Turkey. Countries in the regions of the Balkans, Central Asia and the Middle East usually show a strong presence in these programs and often sign lucrative deals with Turkish companies. This year, Nigeria turns out to be the champion of participation with more than 70 companies, and Brazil comes in second with 55 companies.

Nigeria and Brazil, emerging powers of Africa and Latin America, are key players in their own regions and if Turkey can find ways to work with these countries closely, Turkey will successfully diversify its trade portfolio and shake off dependency on European trade without sacrificing its competitive edge in traditional markets. This will help Turkey deepen its ties with those regions as well. The participants list announced by TUSKON on its website already gives strong signals of these new partnerships.

India, Egypt and Kazakhstan are also strategic destinations for Turkish exports, along with investments in the Middle East, North Africa and Asia. Kosovo, Tanzania, France, Germany, the Philippines, Congo, Sudan, Russia, Turkmenistan and Uganda all had a strong presence and prove that Turkey’s focus on particular regions in trade and investment is crucial for achieving its trade targets. European strongholds like Germany and France are still important for Turkey but emerging economies in Africa, Latin America, the Balkans and Central Asia still the critical places Turkey should look at. The US once again showed its lack of relevance for the Turkish market with a mere 13-company delegation who are still focusing on limited trade areas like marble, granite and textiles.

Strategic partnerships in construction and investment in the construction materials sector top the agenda for Latin American and African markets. The Nigerian delegation came with tens of projects and the Brazilian Chamber of Commerce came with their leadership and searched for local know-how and technology-based infrastructure companies to work with.

Turkish companies are typically very strong in the region but they rarely push the boundaries to penetrate the Latin American and African markets. This seems to be changing and the latest World Trade Bridge gave the early signs of this transformation.

Source: Today's Zaman , June 08, 2012


Related News

Fate of Pak-Turk Schools: Erdogan, Jamaat-e-Islami-backed Maa’rif Foundation?

At the heart of the matter is the question of Maa’rif’s credentials to take over the schools instead of its Pakistani management. Turkey is least known for its standard of education. Moreover, the Erdogan-backed organisation is neither experienced in the education field nor apolitical. The organisation is already scared with allegation of child sexually abuse in Turkey.

Pro-Rashid Dostum Afghan security forces raided Afghan-Turk Boys High School in Shibirghan

An Afghan-Turk Boys High School was raided by the Afghan security forces under the command of Uzbek leader Abdul Rashid Dostum, controversial First Vice President of Afghanistan, early Saturday morning and detained Turkish teachers, dozens of students and their parents in order to seize the school at the request of Turkish President Tayyip Erdoğan.

Deviation, crisis and opportunities…

The recent crisis going on between the Justice and Development Party (AK Party) government and the Hizmet movement is indeed not just a struggle between the two actors. It means much more than that. This fight represents a struggle between democracy and autocracy, freedom and oppression and a harmonious society and a polarized society.

International panel on Mary was held in Istanbul

An international panel, titled “Mary in the Holy Scripture and Qur’an,” was jointly held by the Journalists and Writers Foundation’s (GYV) Intercultural Dialogue Platform (KADİP), the Tevere Institute and İzmir Intercultural Dialogue Center (İZDİM) at WoW Hotel in Istanbul. The two-day meeting was attended by a number of leading scholars and intellectuals of the field and focused on such topics as “Approaches to Mary,” “Debate on Mary,” “Mary Doctrine and its Historical Development.”

Code ‘111′ profiling of ‘Hizmet’ on Parliament’s agenda

Main opposition Republican People’s Party (CHP) Deputy Chairman Sezgin Tanrıkulu has brought to Parliament’s agenda a code allegedly used by the Ministry of Family and Social Policy to classify individuals believed to be affiliated with a social movement. Code “111” was allegedly used to classify people who are believed to be affiliated with the Hizmet movement, which is inspired by the teachings of Turkish Islamic scholar Fethullah Gülen.

Terrorism charges against Karaca do not make sense, CHP leader says

The leader of the main opposition party has implied that the recent arrest of Hidayet Karaca, the general manager of the Samanyolu Broadcasting Group (STV), on charges of heading a terrorist organization does not make sense as there is no solid evidence against the suspect.

Latest News

Fethullah Gülen’s Condolence Message for South African Human Rights Defender Archbishop Desmond Tutu

Hizmet Movement Declares Core Values with Unified Voice

Ankara systematically tortures supporters of Gülen movement, Kurds, Turkey Tribunal rapporteurs say

Erdogan possessed by Pharaoh, Herod, Hitler spirits?

Devious Use of International Organizations to Persecute Dissidents Abroad: The Erdogan Case

A “Controlled Coup”: Erdogan’s Contribution to the Autocrats’ Playbook

Why is Turkey’s Erdogan persecuting the Gulen movement?

Purge-victim man sent back to prison over Gulen links despite stage 4 cancer diagnosis

University refuses admission to woman jailed over Gülen links

In Case You Missed It

Government carried out a “controlled” coup in an attempt to exploit its outcomes: Opposition leader

Eid joy of Venezuelan orphans

Kerry Tells Turkish Foreign Minister Coup Accusations Irresponsible

The recent fight between Kemalo-Islamism and Civil Islam

Pro-gov’t journalist proposes torturing jailed Gülen followers to force them to talk

Erdoğan’s abstract enemies: parallel organization and superior mind

A warning from and for a troubled land – how easily a democracy can be dismantled

Copyright 2024 Hizmet News