Additional airline security measures on some routes travelling to the UK

Phones, laptops and tablets larger than 16.0cm x 9.3cm x 1.5cm not allowed in the cabin on flights to the UK from Turkey, Lebanon, Egypt, Saudi Arabia, Jordan and Tunisia.

Phones, laptops and tablets larger than 16.0cm x 9.3cm x 1.5cm not allowed in the cabin on flights to the UK from Turkey, Lebanon, Egypt, Saudi Arabia, Jordan and Tunisia. For more details, please see the official announcement at https://www.gov.uk/government/speeches/additional-airline-security-measures-on-some-routes-travelling-to-the-uk

UK Turkey Trade Statistics 2006-2016

In 2016, the biteral trade volume between the UK and Turkey reached 17.0 billion US dollars; an increase of 5.7% over 2015. The share of UK in the total Turkey foreign trade rose from 4.6% to 5.0%…

UK TURKEY TRADE DATA 2016
In 2016, the biteral trade volume between the UK and Turkey reached 17.0 billion US dollars;
an increase of 5.7% over 2015.
The share of UK in the total Turkey foreıgn trade rose from 4.6% to 5.0%.

UK TURKEY TRADE DATA 2006-2016

A commentary on Turkish Property Market by Spot Blue International Property, member of the TBCCI

Turkey’s real estate market is poised for a turnaround in international sales this year, thanks to a new citizenship law for foreign investors, said Spot Blue International Property in January, adding that the weakness of the Turkish…

WHY TURKEY’S ‘GOLDENVISA’ SCHEME COULD BE A BOOST FOR ITS FOREIGN PROPERTY MARKET

January 2017

Turkey’s real estate market is poised for a turnaround in international sales this year, thanks to a new citizenship law for foreign investors, said Spot Blue International Property in January, adding that the weakness of the Turkish lira will add to the appeal of investing in Turkish property.

Foreigners who invest in property worth at least $1million and hold it for a minimum of three years will be eligible for Turkish citizenship, according to the new law published by the Turkish Government on 12th January 2017. This is similar to the Golden Visa schemes offered to non-EU citizens wishing to be become resident in a number of European countries.

Alternatively, Turkey’s new rules allow a foreign investor to become a Turkish citizen by either making a fixed capital investment in Turkey worth at least $2million, buying $3million worth of government bonds or depositing the same amount in a Turkish bank, or creating 100 jobs within Turkey.

“After the slow-down in foreign sales in the second half of last year, caused mainly by the political coup and security concerns, this is a welcome positive move that should help attract buyers back,” said Julian Walker, director of Spot Blue. “The threshold of $1million will suit wealthy Arab investors in particular. Last year, Iraqis, Saudis, Kuwaitis and Russians bought the highest number of properties in Turkey. With this new law, we envisage this trend continuing, with interest from Syrians also growing.”

In January, a senior Turkish Government official predicted the new law would trigger an extra $1billion in revenue from property sales in 2017. Most of the sales are expected to be in Istanbul, with other areas of interest including the south-eastern provinces of Gaziantep and Kilis, and the Black Sea region.

“As a further sign of confidence, Turkey features on A Place in the Sun’s ‘Best Places to Buy in 2017’ list,” added Mr Walker. “They highlight Fethiye, Kalkan and Bodrum as particular hot spots with buyers.”

Meanwhile, Turkey’s currency has continued to get cheaper for foreigners since the start of 2017, falling more than 10 per cent against the US dollar in the first two weeks of the year. This follows a year-on-year slump of 17 per cent during 2016.

Most foreign buyers looking to benefit from the citizenship law begin their property search in Istanbul.

For further information, please contact:
Julian Walker
Spot Blue International Property
Tel: +44 (0)20 8339 6036
Email: info@spotblue.com
Website: www.spotblue.com

Turkish President Recep Tayyip Erdoğan and Turkish Prime Minister hosted British Prime Minister Theresa May in Ankara on 28 January 2017.

Turkish President Recep Tayyip Erdoğan and Turkish Prime Minister hosted British Prime Minister Theresa May in Ankara on 28 January 2017. The leaders discussed issues about political, security and trade relations…

Turkish President Recep Tayyip Erdoğan and Turkish Prime Minister hosted British Prime Minister Theresa May in Ankara on 28 January 2017. The leaders discussed issues about political, security and trade relations. An agreement was reached for a £100m defence deal to help develop fighter jets for the Turkish air force.

Turkish President Recep Tayyip Erdoğan said Turkey aimed to boost trade with Britain from 15.4 billion dollars to 20 billion dollars.

Following the talks between Theresa May and the Turkish Prime Minster Binali Yıldırım, an agreement was announced for £100 million defence deal between BAE Systems and the Turkish Aerospace Industries to help develop fighter jets for the Turkish air force.

The chief executive of BAE Systems (Patron member of the TBCCI) said the agreement “signals an exciting next step in relations between both Turkey and the UK”. Mrs May said it “marks the start of a new and deeper trading relationship with Turkey.”

May added that Britain and Turkey would establish a joint working group to prepare the ground for the UK’s post-Brexit trading relationship.

The leaders also discussed fighting terrorism, the Cyprus issue, Syria, Iraq and the Astana process.

Turkish President Erdogan said: “The UK and Turkey will enjoy a very different nature and a very different position.” Mrs May stated that Turkey was one of the UK’s oldest friends but much more could be done to build on that relationship.

Dr Ece Gürsoy, Company Secretary and Director of the TBCCI Lightsource is the winner of The Legal 500 UK in-house individual of the year: Environment category for 2016.

TBCCI is very pleased to announce that Dr Ece Gürsoy, Company Secretary and Director of the Turkish-British Chamber Of Commerce & Industry (TBCCI ) and Chief Legal Officer, Director and Company Secretary …

TBCCI is very pleased to announce that Dr Ece Gürsoy, Company Secretary and Director of the Turkish-British Chamber Of Commerce & Industry (TBCCI ) and Chief Legal Officer, Director and Company Secretary at Lightsource is the winner of The Legal 500 UK in-house individual of the year: Environment category for 2016.

Read more »

Message from the Chairman – Emma Edhem CC

Dear TBCCI Member and Friend,

It is with great pleasure that I announce the launch of our new website at the start of the 2017. I am certain that you will enjoy and benefit more from our new website that has exciting features for business support.

Our vision of the Turkish British Chamber of Commerce and Industry is to be a driving force for business expansion between the two countries. I am delighted that we have been achieving this and are right on track.

The TBCCI was founded in 1980 in London as a not-for-profit organisation to provide its members and the public with a wide range of services targeted at promoting and facilitating bilateral trade, investment and joint ventures in and between the UK and Turkey.

Our membership structure and relations with other trade organısations in Turkey and the UK serve businesses and markets in both countries and importantly in both directions, unlike other Chambers of Commerce. TBCCI supports 284 members. 210 members based in the UK and 74 from Turkey.

The Chamber embraces a wide spectrum of members in all sectors and sizes from both countries.  Our members range from global leaders such as:

  • Rolls Royce, BAE Systems to Koç Holding, Arçelik, BEKO
  • London Stock Exchange, Lloyd’s to İş Bank, Ziraat Bank
  • BP, Shell to Ernst Young, KPMG.

We also have wide range of SME’s and several individual members.

Our membership base includes almost all sectors.

We are delighted that Lloyd’s, the world’s specialist insurance market, has become a lead sponsor of the TBCCI for 2017.  Cameron Murray, Head of Middle East & Africa, Commercial Division Lloyd’s said:  “Lloyd’s is proud of its association with the TBCCI and delighted to be its lead Sponsor in 2017. We look forward to supporting the Chamber in promoting and facilitating productive business links between the UK and Turkey in what will be an important year for our two countries.”

In the twelve-month period for the year ended on 30 June 2016, 26 new members joined TBCCI; 21 from the UK and 5 from Turkey.  I am pleased to inform you that in the new financial year from 1 July this year until today, 15 new members joined our Chamber, more than in the same period last year.

TBCCI has the membership structure and strong relations with official institutions and trade associations in Turkey and the UK to serve businesses and markets in both countries, in both directions.

To support the facilitation of bilateral trade and investment, we created new initiatives such as

  • The Young Entrepreneurs and Professionals Platform,
  • The Young City Financiers Platform
  • The Small Enterprise Platform and
  • The TBCCi Brexit Committee.

In 2016, we organised networking and themed events focusing on subjects indicated to us by our members, colleagues and partners both in UK and Turkey, including

  • 3 Networking events
  • Turkey Trade & Export Finance Conference
  • TBCCI event in Istanbul on the occasion of the Lord Mayor’s visit to Turkey
  • Young Entrepreneurs & Professionals Perspective in Setting up a Business event
  • Hi-Tech London Forum
  • Doing Business in Turkey seminar
  • UK-Turkey Cross Border Legal Agenda
  • 2 Business Lunches with parliamentary delegations from Turkey
  • The 7th UK-Turkey Business Forum in Istanbul

This year the Istanbul Forum had a new significance. It took place at a time when a series of extraordinary events have been witnessed one after another; the attempted coup in Turkey and the Brexit result in the UK. The economic impact of all these extraordinary developments needed to be swiftly explored with insight. Our 7th Forum in Istanbul served that aim.

Looking ahead difficult times look likely, but the economy of both countries have proven to be remarkably strong and resilient. The trend is clear and I am confident business relations between Turkey and the UK will continue to grow and prosper whatever the test.

And to the best indicator of a clear trend showing resilience in the face of adversity – the statistics. From January-November, in the eleven month period of 2016, the bilateral trade between the two countries reached 15.7 billion US dollars. This achieved an increase of 5.4% over the same period in 2015, which was the year with the highest trade volume until now.  In the same period the share of UK trade in the total Turkish foreign trade rose from 4.6% to 5.1%.

TBCCI is enjoying stronger than ever relations with Investment Agencies the two Embassies and business associations in both countries such as DEIK, ISPAT and DIT (the old UKTI) as evidenced by the support shown by these organisation for TBCCI events and projects.

Looking forward to the year ahead, we are confident that our services will increase significantly and the TBCCI will continue its efforts as the principal facilitator and commentator of trade and investment between the two countries. Our members’ ideas and suggestions, as always, are most welcome. We enjoy hearing from you. Drop us a line, email us or attend one of our many events during the year. Tell us what you think and how we can help you further your business.

I wish a very Happy and Prosperous New Year to all our members and friends.

 

Emma Edhem, CC

Chairman Turkish British Chamber Of Commerce Industry

Winner Grassroot Diplomat Business Driver 2016

Deputy Head Of International Law, Barrister No 5 Chambers

Common Councilman City Of London Corporation

Board Of Directors UK Hungarian Business Council

Board Of Directors British Azerbaijan Law Association

Governor City Of London School For Girls

Governor Royal Bridewell Hospital

Upcoming Missions in Turkey

The Turkish Commercial Counsellor’s Office in London is currently accepting applications for 17 Buyers’ Mission Programmes in Turkey in February-March 2017. If you are a UK-based company interested in meeting …

The Turkish Commercial Counsellor’s Office in London is currently accepting applications for 17 Buyers’ Mission Programmes in Turkey in February-March 2017. If you are a UK-based company interested in meeting new suppliers from Turkey, please contact londra@ekonomi.gov.tror 020 7235 5014.

Read more »

LLOYD’S HAS BECOME A LEAD SPONSOR OF THE TBCCI FOR 2017

“Lloyd’s is proud of its association with the TBCCI and delighted to be its lead Sponsor in 2017. We look forward to supporting the Chamber in promoting and facilitating productive business links between the UK and …

We are delighted to announce that Lloyd’s, the world’s specialist insurance market, has become a lead sponsor of the TBCCI for 2017. 

Cameron Murray, Head of Middle East & Africa, Commercial Division Lloyd’s said:

“Lloyd’s is proud of its association with the TBCCI and delighted to be its lead Sponsor in 2017. We look forward to supporting the Chamber in promoting and facilitating productive business links between the UK and Turkey in what will be an important year for our two countries.”

 


For your Sponsorship or Advertisement queries, please contact us at +44 (0) 20 7321 0999 or email info@tbcci.org


2016 UK – TURKEY TRADE DATA

From January-November, in the eleven month period of 2016, the bilateral trade between the two countries reached 15.7 billion US dollars. This achieved an increase of 5.4% over the same period in 2015, which was the …

From January-November, in the eleven month period of 2016, the bilateral trade between the two countries reached 15.7 billion US dollars. This achieved an increase of 5.4% over the same period in 2015, which was the year with the highest trade volume until now.  In the same period, the share of UK trade in the total Turkish foreign trade rose from 4.6% to 5.1%.

EBRD ANNOUNCES NEW FINANCING FOR ENERGY PROJECTS

The European Bank for Reconstruction and Development (EBRD) announced a new EUR 400 million financing provision for small-scale sustainable energy projects in Turkey. The funds will be utilized under the …

The European Bank for Reconstruction and Development (EBRD) announced a new EUR 400 million financing provision for small-scale sustainable energy projects in Turkey. The funds will be utilized under the Turkey Sustainable Energy Financing Facility (TurSEFF) of the bank. TurSEFF was established to help finance small and medium-sized enterprises seeking to enhance their energy efficiency.