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hold key to global Supply chains, Turkey offers a safe investment environment

by John Pierce
July 3, 2023
in Business
4 min read
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Strong relations between Italy and Turkey so far back to the Ottoman Empire, and these relations gradually deepened, allowing centuries of active trade The flight between Rome and Istanbul continues today, Giorgio Marabodi, Italy’s ambassador to Ankara, said on Wednesday.

These relationships include Florentine and Ottoman bankers, Marabodi said who We were working together. he thinks in Turkey’s strategy power for Europe and future of Her close relationships with Italia.

The Italian ambassador was speaking at the “Committee on Trade, Investment and Arbitration for Turkey, Italy and the United States” held at the Venice Palace. in Istanbul.

Besides Marabodi, Ahmet Burak Daglioğlu, head of Presidential Investment Office, Livio Manzini, head of Italian Chamber of Association of Commerce and Industry (CCIIST), Einish Sagan, President of the Union of Turkish Bar Association (TBB) and its president, Arzu Ungor of International Law, Investment and Development Association (ILIDA) also Occur in event As distinguished guests.

Noting that Turkey is a country with High young population This is investing heavily in Education, Marabodi said: “Turkey is Europe’s gateway to the Middle East. Personal relations and building bridges that will last for Very important centuries.”

“Importance of international trade and communication tools Such as energy and telecommunications are increasing day by day, indicating that the introduction of macroeconomic initiatives to companies from both countries Is a must for the development of cooperation.

“We should give Active investors tools to solve They are problems, said the Italian diplomat.

Dağlıoğlu, for For his part, he said that the trade relations between Italy and Turkey are in Balance, which is what makes relationships valuable.

He stressed that Turkey long term economic success and share it in The international The supply chain came to the fore, especially at one time of turbulence in global supply chains.

Many sectors operate such as the industrial sector, chemicals, food and beverages sector in synchronization with The world trade said, giving the example of Amazon’s latest investment of $100 million (1.4 billion Turkish liras) decision in Turkey.

“This makes Turkey power Center in The region As a logistic and production base. Obviously shows Turkey is progressing in right direction,” He said.

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Dağlıoğlu as well added who – which financial Investors also increasing in The country in which the startups continue attract investments from international giants who want for investment in Turkish language technologies.

Manzini pointed out that duo trade The volume between Turkey and Italy increased to $23 billion, and he said: “If Turkey was a member state of the European Union, it would be the third largest economy of Bloc “.

“The trade the sound (of Turkey) with European Union by 25%. This corresponds to 36% of Turkey total Foreigner trade,” He said.

On foreign investment, he said, “Enter of Foreign investment in Turkey has reached good pointsAnd Italy reached the third place place in foreign country investments in Turkey with Nearly $5 billion in industrial investment.

he is also Note that Western countries, particularly the United States, want To separate from China, and make Turkey an alternative.

Loyalty to China has reached alarming proportions demand for trade of nearby geographies has increased as the pandemic has damaged supply chains.”

“Turkey has become a major production base,” he said.

Currently, the largest production center in Europe is in Germany. come Italy second. If Turkey was a member of The European Union, will be the third country in This arrangement. her land, people Adequate industrial infrastructure for this is. As long as the file environment It was created where foreign investors can see the way, said Manzini.

safe investment environment

Meanwhile, Sagan stated that the trade relations between Turkey and Italy are so also of great Importance in terms of legal profession They stated that they follow The development of Bilateral trade relations with High interest.

“As we are knowItaly is secondBiggest partner of Turkey is among the countries of the European Union. When we consider it within range of The Mediterranean region is the largest trading partner. This close business partnership with Italia, with who are we share the same sea, also It presents important opportunities in terms of legal profession,” He said.

noting that over 2000 Italian companies operating in Turkey, Sagan Gold on to say that they are aware that these investors will apply to “our colleagues in Many legal disputes that are equally likely to arise in Consulting services before investment and in investment operations.

“Arbitration is one of Conflict Resolution Methods, is an application that provides opportunities for leveling of Disputes in fair and fast in a way, including international countries,” He said.

Arzu Ungor of ILIDA also confirmed that it is critical to resolve Disputes in Foreign investments quickly and transparently.

Investors focus on Two important issues. One is profitable and the other is a safe investment. The only mechanism that can ensure Safe investment is the law and rule of She said.

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