Market profile
Doing Business
Austrade’s business development specialists have prepared a range of market profiles that offer potential to assist in your exporting investigations. Austrade’s in-market teams have identified opportunities for Australian exporters in various industries (see profiled industries on the right side of this page).
More information on doing business in Turkey
Country Profile
Content supplied by Department of Foreign Affairs and Trade
- ECONOMIC CLIMATE
In 2011 Turkey was the 17th biggest economy globally in terms of its total GDP, and has increasingly been grouped with the rapidly-growing BRIC economies (Brazil, Russia, India, China).
» read more at DFAT
- POLITICAL CLIMATE
The Republic of Turkey has a unicameral parliament, the Turkish Grand National Assembly (TGNA), with 550 deputies (parliamentarians).
» read more at DFAT
- TRADE RELATIONS
There was steady growth in Australian exports to Turkey from mid-decade until the onset of the global financial crisis, which saw a sharp decline in commodity exports (coal, aluminium).
» read more at DFAT
Top Business Risks
OECD Guidelines for Multinational Enterprises
Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.
Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a voluntary mechanism which promotes and supports improved governance in resource-rich countries through the full publication and verification of company payments and government revenues from oil, gas, and mining.
The EITI is supported by governments, industry, and non-government organisations around the world. The Australian Government supports the EITI and encourages Australian companies operating internationally to comply with its recommendations.