Upload
others
View
3
Download
0
Embed Size (px)
Citation preview
Turkey? Where? What? When? How?
Singapore-Turkey bilateral trade and investments
206.3 202.5 201.1 179.6
307.8
546.4
1395.8
629.4
774.3
1299.1
217.9278.2
376.8 369.4
485.1
497.9
494.2
427.7
465.6
915.4
0
500
1000
1500
2000
2500
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
In 2011, Singapore is Turkey’s Second Largest Export Destination after China (in APAC)
Singapore-Turkey bilateral trade (S$ mil)
CAGR from 2002 to 2011
Turkey World
Total 20.2% 9.1%
Import 22.7% 8.6%
Export 17.3% 9.6%
Imports Exports
Bilateral Agreements/ Platforms in Place
Avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income
Entered into force
Aug 2001
Reciprocal promotion and protection of investments Entered into force
Mar 2010
Turkey-Singapore Business Council Inaugural meeting
Mar 2011
Singapore Footprint in Turkey (non-exhaustive)
PSA-Mersin Port Petkim - Jurong Consultants Masterplanning Project
PhillipCapital
In August 2005, PSA and Turkish
partner Akfen won a US$755 mil
36-year concession to operate the
Mersin port in Turkey
Jurong Consultants secured a
masterplanning contract valued at
S$1.5 mil in June 2010 to model
the development of Petkim’s
existing site in Aliaga, Turkey to
Singapore’s Jurong Island.
PhillipCapital, one of Singapore's
largest stockbrokers, said it had
made a foray into Turkey through
the purchase of stock and futures
broker HAK Menkul Kiymetler for
nearly $20 million.
Singapore’s Presence in Turkey (non-exhaustive)
CWT Commodities OLAM International Limited
In December 2011, OLAM finalised its
acquisition of the Progida Group, a
leading Hazelnut exporter in Turkey.
OLAM acquired 100% of the company’s
equity interests including the ingredients
processing facility in the Giresun region
and two leased cracking units in the
Ordu region, a key hazelnut growing
region in Turkey. The acquisition costs
OLAM approximately 38 Million USD.
CWT Turkey, with its head office in
Istanbul, provides full logistics services
to its clients, such as warehousing
services, domestic distribution, inland
transportation and customs clearance.
CWT Turkey's warehouse facilities are
located in Ambarli area, which is part of
the busiest port of Turkey.
Mabel Neo Centre Director
Istanbul Overseas Centre
31 October 2012
Doing Business the Turkish Way
Spending the Turkish Way
Mabel’s
Turkish Way Series
31 October 2013
Mabel Neo Centre Director
Istanbul Overseas Centre
31 October 2013
Spending the Turkish Way
Spending on the rise..
Spending on the rise…
Driving consumption
Economic growth
Expanding population
Rise in disposable income
Development of organised retail infrastructure
Increased spending power
• The percentage of total households earning more than
US$35,000 a year is projected to increase from an
estimated 25% in 2012 to about 35% in 2017.
• Disposable income has increased at a CAGR of 3.6%
since 2005.
Shopping mall culture
Do you know…
Turkey has the 3rd highest number of shopping malls
in Europe, after Spain and Russia.
The growing, young Turkish population of nearly 75mn
is encouraging the establishment of several department
stores and shopping malls with huge foreign investment.
Opportunities in Consumer Electronics
29
How big is this pot of Gold?
Turkey's domestic consumer electronic device
market, defined as the addressable market for
computing devices, mobile handsets and video,
audio and gaming products, is projected to be
worth about US$10.5bn in 2013.
30
Driving the growth
• Strong domestic market with growing young, tech-
savvy, middle-class population
• Strategic location serves as emerging base to enter
the region
• Pro-investment environment for R&D activities
based in Turkey
• EU Customs Union and FTA with 22 countries
Platforms are available for you
Technology superstores
Superstores accounted for 35% of Turkey’s electronics
retails market, up from 30% in 2011.
Platforms are available for you
Internet retailing
19% of internet users in Turkey shop through online stores
in Turkey
34
Let’s get into Turkey
1. Consider mode of entry
2. Identify a suitable Turkish distributor/strategic partner
3. Increase presence in Turkey
4. Turkey as the hub to the region!
34
Thank You www.iesingapore.com