Post by account_disabled on Mar 9, 2024 4:19:14 GMT -5
According to recent statements by Marta Blanco, president of the Spanish Confederation of International Businessmen and Industrialists, to Anadolu Ajensi, Turkey offers interesting business and investment opportunities in various sectors such as infrastructure, transportation, energy and tourism.
The geographical position of Turkey and the existence of a Customs Union with the European Union make the Turkish market attractive for Spanish businessmen. In Ecuador Mobile Number List fact, investment and trade data between both countries show a clear recent interest in Turkish products and its market. In 2020, these data were affected by the pandemic, but in 2021 the numbers are expected to recover significantly.
Currently, Spain has an investment stock of 5 billion euros in Turkey and, today, this country is among the 20 largest economies in the world, with prospects of positioning itself among the top 10 by 2050.
Turkey has several advantages, such as its geographical position between Europe and Asia or the existence of the Customs Union with Europe, in force since 1996, which facilitates trade in products without tariffs. In addition, it acts as a hub for the entire region, also having free trade agreements with countries in Asia, the Middle East and the Maghreb, thus reducing logistics costs. In 2020, Spanish exports to Turkey exceeded 5 billion dollars, representing 2.3% of the total and although there are still certain limitations on trade between the EU and Turkey, it is expected that the update of the Customs Union between both parties, which is expected in the coming months and which proposes addressing those products that are not included within the Customs Union and the elimination of non-tariff barriers, leading to greater commercial exchange.
The geographical position of Turkey and the existence of a Customs Union with the European Union make the Turkish market attractive for Spanish businessmen. In Ecuador Mobile Number List fact, investment and trade data between both countries show a clear recent interest in Turkish products and its market. In 2020, these data were affected by the pandemic, but in 2021 the numbers are expected to recover significantly.
Currently, Spain has an investment stock of 5 billion euros in Turkey and, today, this country is among the 20 largest economies in the world, with prospects of positioning itself among the top 10 by 2050.
Turkey has several advantages, such as its geographical position between Europe and Asia or the existence of the Customs Union with Europe, in force since 1996, which facilitates trade in products without tariffs. In addition, it acts as a hub for the entire region, also having free trade agreements with countries in Asia, the Middle East and the Maghreb, thus reducing logistics costs. In 2020, Spanish exports to Turkey exceeded 5 billion dollars, representing 2.3% of the total and although there are still certain limitations on trade between the EU and Turkey, it is expected that the update of the Customs Union between both parties, which is expected in the coming months and which proposes addressing those products that are not included within the Customs Union and the elimination of non-tariff barriers, leading to greater commercial exchange.