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