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[Turkey's Famous] Turkey's Famous YOUR COMPLIMENTARY COPY AUGUST 2019 ISSUE 73 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS [TURKEY’STURKEY’S FAMOUSFAMOUS] Protected Geographical Indications Turkish paint industry, assertive in every area of the paints and coatings with its product quality, competitiveness, innovative structure and production according to international standards, will continue to be the world's color. The Turkish Perspective 1 30 COVER Contents 05 FIRST 05 | Turkey ranks 7th among best countries to live and work [TURKEY’STURKEY’S FAMOUSFAMOUS] 06 | Auto Sector Manufactures 735,000 Cars in First Half 07 | Volkswagen is Coming to Protected Turkey 08 | Industrial Production Geographical Up On Monthly Basis 09 | Earns $22B From Flour Indications Product Exports in Last Decade 13 BRIEFING 09 PANORAMA 13 | CENTRAL BANK LOWERS 42 INDEPTH INTEREST RATES 425 BPS While the Central Bank’s interest rate cut by 425 basis points found a positive in the markets, TIM MILITARY MYTHS AND REALITIES: Chairman İsmail Gülle said: “Interest rate decision is a critical and accurate step.” CASE OF TURKEY, 14 | FORD OTOSAN WAS RECOGNIZED WITH THE CLEPA USA, RUSSIA, CHINA INNOVATION AWARD WHO ARE AGGRESSORS 16 | TURKISH CHASING BLACK HOLES THE REVISIONISTS? Turkish scientist at Arizona University, Dr Feryal Özel was among the 200 scientists who photographed the first black hole 24 | TURKISH AIRLINES TAKES announced in April. 55 BRANDS DELIVERY OF ITS FIRST BOEING 18 | BIGGEST FREE TECHNOLOGY EVENT 22 787-9 DREAMLINER IN THE REGION TAKE OFF ISTANBUL 30 new Boeing 787-9 2019 WILL BRING 300 GLOBAL Dreamliner aircraft will be joining the Turkish Airlines’ STARTUPS TO ATATURK AIRPORT 21 | TURKEY: THE 3rd MOST ECONOMIC young and fast-growing fleet Take Off is bringing together the over the next four years, and each most disruptive startups, VCs, COUNTRY OF MEDITERRANEAN REGION will feature the carrier’s all-new accelerators and multinational According to the Travel Cost 55 | A DAY IN LIFE: BRINGING companies from all over the Barometer 2019 Study prepared Business Class cabins. 24 FUTURE TO PRESENT world for a four day of non-stop by the UK Postal Administration, 26 | TURKEY UNVEILS THE 11th 58 | CLEAR YOUR MIND IMAGINE Turkey was the third least innovation. DEVELOPMENT PLAN 26 FREELY expensive country for Brits. 21 60 | DOUBLES CAPACITY WITH 20 | THE CITIES OF TURKEY WITH NEW INVESTMENTFREELY THE HIGHEST BRAND VALUE 22 | A NEW BOOK BY PROF. DR. VEDAT AKGIRAY: GOOD FINANCE 62 | THE GOAL IS TO BE A GLOBAL According to Brand Finance’s BRAND survey on brand value and brand Akgiray, while discussing the power that has been conducted reasons behind financial crises and for the first time in the major their socioeconomic effects in his 64 FIGURES cities of Turkey, İstanbul took the book, he also explains what ‘good first place with its brand value of finance’ is and why the world THE FIGURES OF TURKISH EXPORTS $131,6 billion. needs a better financial system. 24 IN JUNE, 2019 2 Online MANAGEMENT PUBLISHER ON BEHALF OF TURKISH EXPORTERS ASSEMBLY/ CHAIRMAN OF THE TURKISH EXPORTERS ASSEMBLY theturkishperspective.com İSMAİL GÜLLE Online STRATEGIC PARTNER PRESIDENT OF THE PRESIDENCY OF THE REPUBLIC OF TURKEY INVESTMENT OFFICE ARDA ERMUT MANAGER IN CHARGE THE TURKISH PERSPECTIVE DIGITAL PROF. DR. KEREM ALKİN The Turkish Perspective website is to be launched soon. PUBLICATION BOARD M. İLKER AYCI BİLAL EKŞİ A NEW MEDIUM TO LEARN, ANALYZE AND MONITOR EVERYTHING ABOUT TURKISH ECONOMY ENİSE DİDEM ELMAS MEHMET FATİH BİLİCİ AND BUSINESS, IS BORN. THE TURKISH PERSPECTIVE DIGITAL WILL SHARE THE LATEST MUSTAFA KAMAR NEWS, INTERVIEWS WITH DECISION MAKERS, PROVIDE IN-DEPTH ANALYZES AND WILL BE THE SENEM SANAL SEZERER FOREIGNER’S GUIDE IN TURKEY REGARDING REGULATIONS AND LEGISLATIONS. FURKAN KARAYAKA PUBLICATION MANAGEMENT PRESIDENT MEHMET MÜCAHİD DEMİR [email protected] VICE PRESIDENT YAŞAR MAMATİ PROJECT COORDINATOR AHMET DAMGACIOĞLU [email protected] EDITORIAL EDITOR TAMER IŞITIR REPORTER ALPEREN ÇEVİKASLAN BUSINESS BEKİR BİLGİLİ CULTURE INVESTMENT EUROPEAN COORDINATOR İNANÇ ATILGAN INNOVATION AND SCIENCE VIDEO OF THE DAY CONTRIBUTORS NEWS PROF.DR. YAVUZ TEKELİOĞLU BRAND MARKETING [email protected] PROF.DR. EMRE ALKİN HAKAN GÜLDAĞ DESIGN YOUR COMPLIMENTARY COPY CREATIVE DIRECTOR YOUR COMPLIMENTARY COPY AHMET SAİD ÇELİK JANUARY 2019 ISSUE 66 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS APRIL 2019 ISSUE 69 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS More than a magazine, [email protected] The Reference the Turkish Perspective PRINTING ear MAKE TRADE Y NOT WAR PROMAT BASIM YAYIN SAN. VE TIC. A.Ş. of TRADE WARS PUT THE WORLD INTO A NEW ORBIT. THE REMAINING COUNTRIES ARE CLEAR: will now be more New MORE TRADE. ORHANGAZI MAH. 1673 SOK. NO.34 Successes REPORT The locomotive of exports /30 The guarantee of the future / 40 Being the hub of fashion and apparel/ 46 EXPORTREPORT ESENYURT- ISTANBUL / TURKEY Service sector rises with breakthroughs / 52 REPORT The world’s agricultural warehouse / 56 interactive and responsive, T. +90 212 622 63 63 F. +90 212 605 07 98 [email protected] YOUR COMPLIMENTARY COPY BRIEFING Free Trade as expected from YOUR COMPLIMENTARY COPY BRIEFING Galataport İstanbul Agreement Showcased in Miami to be on the Agenda INDEPTH Turkish Textile Industry INDEPTH Turkish Laureates YOUR COMPLIMENTARY COPY PANORAMA Turkey may untie Ranks Ahead of China in all over the World the knot in the Eastern Competition Mediterranean BRANDS Btrfly Smart BRIEFING Ankara and Tokyo INTERVIEW Turkey is an Important Lounge Hub for Italy look to seal free trade agreement BRANDS Stylishly Furnished Apartments:Blueground JUNE 2019 ISSUE 71 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS MAY 2019 ISSUE 70 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS JULY 2019 ISSUE 72 ECONOMY BUSINESS FOREIGN TRADE ANALYSIS Turkey’s main voice for BREXIT WILL PUT THE EMPIRE IN A NEW PHASE. BUT ALSO BREXIT WILL LAUNCH A NEW ERA FOR BOTH THE UK AND TURKEY FULL OF NEW OPPORTUNITIES. BRE IT TURKEY’STURKEY’STURKEY’STURKEY’STURKEY’STURKEY’STURKEY’STURKEY’STURKEY’S international audience. TURKEY RISK or Steps Into a new TOPTOPTOPTOPTOPTOP CONTACT age OPPORTUNITY Through T. +90 212 216 19 48 [email protected] TURKEY, WHICH WANTS TO INCREASE ITS SHARE IN THE GLOBAL ECONOMY, CONTINUES ITS INNOVATION ATTACK, WHICH HAS BEEN [email protected] CONTINUING FOR YEARS TO REACH THE LEVEL The list of top 1000 exporter OF DEVELOPED COUNTRIES. THE ANNUAL companies, which shape the Turkish TURKEY INNOVATION WEEK EVENT OPENS NEW economy by exporting from Turkey to all HORIZONS FOR TURKEY EACH TIME. www.medyatr.com.tr EXPORTERScorners of the world, has been announced 100010001000100010001000100010001000EXPORTERSEXPORTERSEXPORTERSEXPORTERSEXPORTERSEXPORTERSEXPORTERSEXPORTERSby the Turkish Exporters Assembly. Neither text nor photographs from this publication may be reproduced in full or part without acknowledging the source and securing prior permission from the publisher. AUGUST 2019 ISSUE 73 The Turkish Perspective 3 Editorial İSMAİL GÜLLE CHAIRMAN (TİM) While emphasizing that our country attaches great importance to production, NO ONE CAN HINDER US FROM cooperation and sharing concepts with valuable work of Turkey Promotion Group and with the theme “Embrace the Future OUR DEVELOPMENT GOAL with Green”, we as Turkey, aim to reflect our determination to take a leading role for a It should be realised that Turkey is not the former country before the th greener, more livable and sustainable world. 15 of July. There is no power to turn this nation, repulsing the coup The performance we put in the international with their hands and counting on martyrdom as an honour, out of arena is also supported in Turkey, which its way. is also an indication of how much trust is given to the exporter. One of them is the amendment to the General Communiqué ITH A POPULATION OF 82 who martyrised unblinkingly on behalf of on Customs. Accordingly, the limitation on W MILLION, 800 billion dollars of Turkey’s unity and survival. Next to the trees, the import of goods with a maximum of 5 domestic product, productive and dynamic plaques with a square code containing the life stock certificates by means of fast cargo has people, Turkey has the world’s 17th largest stories of our martyrs were placed. been lifted for legal entities. In the name economy. We have emphasized many As TİM, we started to work in 2019 with of sustainability of our exports, it is an times as the entire business and export the vision “Turkey Having Foreign Surplus”. important regulation that will contribute to family, especially our President that this Every month, our exporters set new records. the achievement of our targets with the same is not enough, we want our people to be We crowned the first half of the year with dynamism, especially the incoming samples, more prosperous and Turkey to be a more exports over $88 billion. We aim to reach and allows the free circulation of goods that developed country and our economy should $200 billion at the end of the year. While will be transformed into orders, production be among the top ten economies in the world. working on this path, we are aware that our and export. Another important development It is a fact that difficult times are government is backing us until the end. that will ease us came from the Central Bank experienced in many economies with the With President Recep Tayyip Erdoğan of the Republic of Turkey. The CBRT’s rate problems experienced in international trade and Minister of Trade Ruhsar Pekcan, cut of 425 basis points is an important step and the reshaping of the global political order. last month, we made trips to Japan and that will soon be reflected in the financing On top of it, we were faced with moves that China for high-level contacts. During the activities of the real sector. The interest rate directly targeted our country. For example, in G20 Summit held in Osaka, Japan, and cut occurred at the right time in terms of the August 2018, we witnessed a heavy attack on the bilateral meeting between President competitiveness of our exports of goods and our country through exchange rates.
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