Wise Minds of Trade presents one of the most promising countries to do business: Republic of Turkey.
Whether you are looking forward to set foot in the world’s 16th largest economy or plan to expand your
existing business, we are in Canada and in Turkey to help you.

Turkey is now closer to Canada than ever since the launch of the direct flights between Toronto and Istanbul operated by the Turkish Airlines in August 2009.

Turkey is the world’s 16th largest economy with a GDP of 860 billion (in USD, 2009 PPP estimation). Turkey is a founding member of OECD. Turkey is also the second largest country in Europe after Russia with 780.000 km2. With 73 million, Turkey is the second most populous country of Europe after Germany. Turkey has been in Customs Union with the EU since 1995. This gives access to Turkey to a USD 19 trillion EU market. And negotiations for a full membership are in progress, even if an end should not be expected in the very-short term. In terms of Geography, Turkey has a very strategic location. From North to South; Bosporus, Sea of Marmara and Dardanelles connect the Black Sea to Mediterranean. From West to East; Turkey is a natural bridge connecting Europe with the Middle East and Central Asia. Close ties with the EU helped Turkey to develop a flexible and highly skilled manufacturing economy well integrated to the European and Middle East Markets. Automotive, textile, electronics, food processing and construction Industries play a pivotal role. In recent years, Turkey has positioned itself as an energy corridor connecting the oil and gas resources of Russia, Caucasus and Central Asia to the West.

Since the end of 2004, Turkey has been working to harmonize its legal framework with the EU.

Despite the effects of the global recession Turkey expects to turn to growth of around 3 per cent in 2010 according to the IMF.

Canada has a strong commercial presence in Turkey and cumulative Canadian investments are approaching $1.5 billion.

For more information about Turkish Economy, please visit: www.ctbc.ca.

Representation:
Representing the interests of the Canadian firms doing business in Turkey and beyond on a permanent or project
basis. Even if you want to restructure your organization in Turkey to save money and time, talk to us if we can do it for
you in a more efficient way. We can design a smart way of outsourcing your activities without losing control over
operations.

Market research:
If you are satisfied with your preliminary research and ready for the next steps, we can recommend useful tools for
conducting an effective market research and help you to contact key people to take a sharp picture of your market in
a short time.

Distribution Channels:
We will help you to find the most effective distribution and logistics channels for your goods and services in Turkey.

Mergers & Acquisitions:
Merging with or acquiring a domestic company is a proven and effective way of penetrating your new market.
Your biggest asset will be the domestic experience and deep-rooted relations tightly knitted with the local business
culture. And in Turkey, it is worth looking for domestic and usually unnoticed companies, which have the passion and
dynamism to learn and grow more. These companies are sometimes not easily accessible through web and remotely.
At this point, we can help you to explore the hidden treasures of the dynamic Turkish economy that withstood many
turbulences and crises in the past and still doing so.

Due Diligence, Financial and Operational Audits:
The moment will come when you need a close look at the health and status of your potential business partner:
We can arrange and help you to choose auditors and consultants to conduct a due diligence, financial audits or
check-ups of any kind. We will help you to find the best experts, like sworn financial auditors or qualified consultants
to get the most realistic and detailed picture you may get prior to a merger or acquisition. Obviously, we can provide
the same services for your existing partner or sister companies.

Operational Support Services:
Do not block your mind with administrative and logistical details. Just concentrate on your core operations and profitability.
Once you decide to have a corporate existence; we can provide a full-fledged service for all aspects of your operations
like accounting and bookkeeping; auditing

Other Support Services:
Human resources. Building your team through, permanent or contractual staff
All legal and administrative formalities for the foundation of your legal entity, whether a domestic or foreign capital
company, a branch or a partnership.
Choosing an optimal office location, other outsourcing services you may need.

Production assistance:
Turkey has been in Customs Union with the EU since 1995. This agreement and the proximity to the competitive
European Union markets helped Turkey to sharpen its sword as a highly qualified production base.
We can help and introduce to you companies with a highly skilled production factors. Do not get amazed how well
those people make high end and complicated products from designer purses to machines and automotive
components. And this quality is available at a globally competitive price.

USEFUL LINKS

Investment Support and Promotion Agency of Turkey: www.invest.gov.tr

Turkish Statistical Institute: www.turkstat.gov.tr

Central Bank of the Republic of Turkey: www.tcmb.gov.tr

Undersecretariat of the Prime Ministry for Foreign Trade: www.dtm.gov.tr