ISSUE 83 NEWSLETTER JANUARY’21 invest.gov.tr INVESTMENT OFFICE SIGNS MOU WITH AZERBAIJAN’S KOBİA TO COOPERATE ON INVESTMENTS Page 2 PRESIDENT ERDOĞAN TURKEY TO EMERGE AS ATTENDS YASED INTERNATIONAL ROBUST GLOBAL ACTOR IN INVESTMENT SUMMIT PANDEMIC’S WAKE Page 2 Page 4 PRESIDENT ERDOĞAN FIRST HELICOPTER INAUGURATES NEW ENGINE UNVEILED AT INVESTMENTS IN DECEMBER HISTORIC CEREMONY Page 5 Page 5 TURKEY LAUNCHES FIRST LITHIUM PRODUCTION PLANT Page 6 TURKEY AIMS TO UP INVESTMENT GOLD PRODUCTION DEMAND IN VOLUME Page 7 TURKEY INCREASES ROBUSTLY IN FIRST 11 MONTHS Page 7 AT A GLANCE Page 8-11 OPPO PLANS TURKEY’S FIRST EV BATTERY INVESTMENT ASSEMBLY IN TURKEY FACTORY TO BE COMPLETED IN TURKEY, UK SIGN 2022 FREE TRADE DEAL Page 13 Page 12 Page 14 FDI NEWS INVESTMENT OFFICE WEBINARS & EVENTS Page 14-17 Page 18-23 NEWSLETTER January’21 NEWSLETTER January’21 Message from the Investment Office Looking back at how Turkey fared throughout 2020, everything was predictably overshadowed by a devastating pandemic, as was also the case all around the globe. In the face of the COVID-19 outbreak, Turkey embraced a proactive approach to eliminate all possible effects of the pandemic. Economic activities, infrastructure projects, exports and investments in Turkey did not stop even once, as the pandemic was handled calmly with the robust healthcare system and facilities along with highly-skilled professionals. INVESTMENT OFFICE Turkey leaves behind the year with fruitful activities in December. SIGNS MOU WITH Attending the International Investment Summit organized by International Investors AZERBAIJAN’S KOBIA Association (YASED), President Recep Tayyip Erdoğan once again called on international TO COOPERATE ON investors not to hesitate to look for opportunities in Turkey. President Erdoğan also paid an INVESTMENTS official visit to Azerbaijan. The Investment Office took part in the Investment Office inked a memorandum of delegation and signed an MoU understanding (MoU) with Azerbaijan’s KOBIA on with Azerbaijan’s KOBİA. investments within the framework of President President Recep Tayyip Erdoğan Recep Tayyip Erdoğan’s official two-day visit to officially launched a number of Baku on December 9. projects in December, these being the Eti Maden Lithium Carbonate President Recep Tayyip Erdoğan visited Azerbaijan’s PRESIDENT Production Plant, the Sarıkamış- capital city of Baku on December 9 to attend the victory ERDOĞAN Karakurt-Horasan Road, the parade ceremonies upon the invitation of his Azerbaijani Centre for the Fourth Industrial ATTENDS YASED Revolution, Gaziantep Düzbağ counterpart President İlham Aliyev. On the night of his Drinking Water Distribution Line arrival, President Erdoğan was welcomed by President Aliyev INTERNATIONAL and Doğanpınar Dam, Manisa- at a dinner given in his honor. Akhisar Beltway and the 2nd INVESTMENT Section of Ankara-Niğde Highway. After attending the celebratory events to mark SUMMIT All these efforts paved the way Azerbaijan’s victory, President Erdoğan held a number of th for new investments to be made bilateral meetings to evaluate international and regional On the 40 anniversary of its establishment, the in Turkey. Global companies developments, while various agreements were also inked by International Investors Association (YASED) held the such as Oppo, Bayer and Daimler announced new investment plans the two brotherly countries. International Investment Summit on December 7. in Turkey in December. Speaking at the opening of the “Come and experience Turkish The MoU between the Investment Office and Azerbaijan’s five-day summit, President Recep hospitality. We have launched All these positive developments Small and Medium-sized Enterprises Development Agency provide us a valid ground to be Tayyip Erdoğan emphasized a new wave of reforms in law, optimistic for 2021. (KOBIA) was one of the most significant agreements. Taking part in the delegation accompanying President that the Turkish government is democracy, and economy. We will Erdoğan during his visit to Azerbaijan, the Investment determined to make Turkey a center further improve Turkey’s investment President, Investment Office Office President Burak Dağlıoğlu signed an MoU with for domestic and international environment with additional reforms A. Burak DAĞLIOĞLU KOBIA on December 10 to promote bilateral cooperation investors by offering low risk and in the times to come," the President on investments in the presence of President Erdoğan and high confidence. promised. President Aliyev. 2 3 NEWSLETTER January’21 NEWSLETTER January’21 Industries Inc. (TEI), will be an exemplary in FIRST HELICOPTER Turkey, added President Erdoğan. ENGINE UNVEILED AT “The investments made into and the HISTORIC CEREMONY capabilities to be gained out of the Turboshaft Engine Development Project (TEDP) will make “We cannot be confident about TEI a role model in its field of expertise in the future unless we have a robust Turkey," remarked the President. “The Design defense industry," stated President Center will enable Turkish engineers and R&D Recep Tayyip Erdoğan in his speech at units to design and to work in a much more the ceremony held to unveil Turkey's efficient and synchronized manner." first indigenous helicopter engine, TEI-TS1400, and inaugurate a design President Erdoğan also emphasized that the center on December 5. Turkish government is poised to provide any “We have been working non-stop for the last kind of support, including investments and President Erdoğan also unveiled a new 18 years to construct the defense industry that incentives, to every initiative that will help TURKEY TO grant and rental support package against will meet the needs of today and the future, Turkey become more self-sufficient. COVID-19. Accordingly: as there is a continuous transformation in the EMERGE AS traditional warfare," said President Erdoğan. • Withholding tax, which was lowered from ROBUST GLOBAL 20 percent to 10 percent by the end of 2020, Addressing the audience via videoconference will be extended until June 1, 2021. from Vahdettin Mansion in Istanbul, President ACTOR IN Erdoğan emphasized that Turkey marked a • Value Added Tax (VAT) in business renting significant day for its defense industry. The PANDEMIC’S services, which was reduced to 8 percent Turboshaft Engine Development Project, from 18 percent, will remain unchanged initiated by the Presidency of Defense WAKE until the end of H1 2021. Industries and carried out by TUSAS Engine President Recep Tayyip Erdoğan • VAT reductions introduced in several unveiled a new support package at sectors, including accommodation, food & a press conference following the beverage and passenger transportation, will PRESIDENT ERDOĞAN INAUGURATES Presidential Cabinet Meeting held remain in effect until June 2021. NEW INVESTMENTS IN DECEMBER on December 14. • More than 1.2 million citizens and President Recep Tayyip Erdoğan attended Dam on December 12, President Erdoğan Sharing his insights into Turkey’s economy tradespeople affected directly or indirectly inaugurations of various investments reiterated his vision of transforming Turkey in the aftermath of the pandemic, President by the pandemic and in need of rental throughout Turkey in December: into an attraction center. “We are getting Erdoğan said that Turkey has not yet risen to support will be granted TRY 1,000 for a ready to launch reforms to make Turkey a the level it deserves. “We are strong-willed to three-month period. On December 5, the Sarıkamış- center of attraction once again, believing push Turkey forward in the post-COVID-19 era as Karakurt-Horasan Road was officially that investment, production, exportation a global actor with huge growth potential and a opened in the presence of President Recep and employment are the key factors • Rents, allowance, consecration, competitive edge,” said President Erdoğan. Tayyip Erdoğan via video conference. The to realize this aim. Through legal and appurtenances, certificate of occupancy, road will be advantageous for both Turkey’s administrative reforms, we plan to make rate of utilization and adequate price President Erdoğan also stated that Turkey Kars province and the Silk Road, providing Turkey one of the top 10 countries in the payments of all tourism facilities will distinguishes itself as an advantageous TRY 29 million in savings. new global, political and economic order,” be deferred for 1 year without any investment destination. “We are reforming said President Erdoğan. requirements of application. all of Turkey’s policies with the aim of The Center for the Fourth Industrial becoming a leader in the post-pandemic Revolution Network was inaugurated On another occasion on December 12, • Municipalities will have the opportunity era. With its production diversity, logistical on December 10, with President Recep President Erdoğan shared insights at to have discounts or deferral for capabilities, strong supply chain, incentives Tayyip Erdoğan honoring the ceremony via the inauguration ceremony of the Manisa- appurtenances, rentals and other costs. and dynamic workforce, Turkey has become a video message. Set up under the World Akhisar Beltway, where new investments Economic Forum, the center will be home to were on the spotlight. a location, which will not disappoint those various researches with extensive economic who invest in it. We are looking for ways to and social contributions to Turkey. Referring President Erdoğan also inaugurated attract more foreign direct investments into to its being one of the pioneers in its field,