Jun 25 2009
USA Export: Products for Turkey… Land of Opportunity
USA Export to Turkey? Should a US manufacturer consider exporting its products to that part of the world?.
This country has come to the forefront of the news thanks to its politics and its geographical location. Turkey has been a republic based on the political systems of European countries for some time. Its population of 77 million has followed their creator Ataturk’s model of keeping church and state separate. The result is a bustling activity with a yearning to be better recognized in the West as a country with growing importance.
Istanbul is expanding on either side of the Bosphorus. With the largest part of the city on the European continent and the other on the Asian side, it has been leading Turkey to open up more and more to the West. Western business practices are attracting investments and Turkish policies and exporting efforts are taking the country to the rest of the world. According to the CIA’s World Factbook 30% of its employment is in agriculture. It’s largest trading partner is Germany from whom it imports almost as much as it exports. Turkey imports twice as much from Russia than from the US. And this presents a great opportunity for USA Export products to be sold into Turkey.
Although we see enormous growth in Dubai, Turkey is well positioned to between the Western and the Eastern business cultures. The commercial attitude of the Turks is well known and the growth of the American Business Forum in Turkey is proof that business leaders are committed towards stronger relations with the US and throughout the world. Those business people also understand the importance of that country in the world’s economy. Surrounding countries like Azerbaijan and Kazakhstan look toward a strong Turkey for business relationships and guidance. It’s GDP’s annual growth between 2002 and 2007 is 7% to reach $660 billion, making it the 17th largest economy in the world. And they are open to USA Export products.
