INVESTMENT IN TURKEY General Directorate of Incentive Implementation and Foreign Investment

Transcription

1 REPUBLIC OF TURKEY INVESTMENT IN TURKEY General Directorate of Incentive Implementation and Foreign Investment Taipei

2 Outline of the Presentation: 1-) General Economic Outlook 2-) Investment Opportunities 3-) Investment Legislation 4-) Investment Climate 5-) Business Practices 6-) Investment Incentives 2

3 PART I Where is Turkey? Market Size GDP Growth GDP Per Capita Demographics Public Finance Foreign Trade Future Perspective 3

4 Where is Turkey? 4

5 World s Biggest Economies (GDP based on Purchasing Power Parity, Trillion Dollar, 2013) Turkey is the 16th biggest economy 5

6 GDP GROWTH OF THE SELECTED ECONOMIES, 2013 (%) Growth of Selected Economies, 2013 (%) GDP Growth Rate Projections of Turkey (%) 6 4 4,0 5,0 5, Source: World Bank Source: Ministry of Development, Medium Term Economic Program,

7 GDP Per Capita ($) $ $ Source: TURKSTAT 7

8 Demographics (Age Classes), 2013 Turkey 25% 68% 7% Slovakia 15% 72% 13% Romania 15% 68% 16% Czech Republic 15% 69% 17% Hungary 15% 69% 17% Bulgaria 14% 68% 19% Euro area-18 15% 66% 19% European Union-28 16% 66% 18% Source: UN 0% 20% 40% 60% 80% 100% Under

9 Distribution of Employment 9

10 Inflation Source: TURKSTAT 10

11 Budget Performance 11

12 Debt Management (Debt as a percentage of GDP) 12

13 Foreign Trade (Billion $) 2013: Export: 152 billion $ Import: 252 billion $ Source: TURKSTAT Estimated/2014: Export: 165,5 billion $ Import: 262 billion $ 13

14 Foreign Trade (Billion $) January-July 2014 First 5 Country in Export First 5 Country in Import Source: TURKSTAT MAIN EXPORT PARTNERS MAIN IMPORT PARTNERS 14

15 Foreign Trade between Turkey and Taiwan (*1000 USD) 2,500,000 2,000,000 1,500,000 1,000,000 EXPORT IMPORT 500, EXPORT IMPORT (January-December) 15

16 Foreign Trade between Turkey and Taiwan TURKEY S TOP 5 EXPORT ITEMS TURKEY S TOP 5 IMPORT ITEMS (*1.000 USD) (*1.000 USD) Product Group Trade Volume in 2013 Product Group Trade Volume in 2013 (USD) Salt, sulphur, stones and cement Synthetic fibers Iron and steel Machinery and components Electrical machines and components Machinery and components Electrical machines and components Plastic and plastic products Iron and steel Products made of iron and steel

17 Future Perspective Source: Goldman Sachs Global Investment Research, March

18 Future Perspective Next Economic Giants MINT Countries 18

19 PART II INVESTMENT OPPORTUNITIES IN SELECTED SECTORS Automotive and Autoparts Energy and Renewables Healtcare and Pharmaceuticals Information and Communication 19

20 Turkey s Automotive Industry: A Quick Tour for the Investor 20

21 The Automotive Industry: A Quick Tour for the Investor In Turkey there are 13 OEMs producing over 1 million units of vehicles anually 21

22 The Automotive Industry: A Quick Tour for the Investor Global OEMs who are present in Turkey plan to increase their investments 22

23 The Automotive Industry: A Quick Tour for the Investor 23

24 The Automotive Industry: A Quick Tour for the Investor 24

25 The Automotive Industry: A Quick Tour for the Investor In Turkey, there are 47 registered automotive suppliers with revenues exceeding USD 40 million 25

26 The Automotive Industry: A Quick Tour for the Investor making Turkey the 16th biggest global automotive producer in the world China is the biggest provider with 23% of total production US and Japan, producing similar volumes, show different trends US is growing in post-crisis era in both demand and production together with the rest of North America Turkey produced slightly above a million units in 2012 with 6 big OEMs operating plants 26

27 The Energy Sector: A Quick Tour for the Investor 27

28 The Energy Sector: A Quick Tour for the Investor New investments are needed to meet the demand, especially for electricity and for natural gas. Installed capacity was 57,058 MW as of The aim is to have 100 GW of installed capacity by EÜAŞ privatizations of more than 16 GW as well as nuclear power plant investments will present opportunities for international players. Turkish Gross Domestic Electricity Consumption Forecast (TWh) According to MENR estimates, demand for natural gas will grow an average of 1 bcm annually until From 2018 to 2020, this demand for growth will reach 2 bcm/year, which means a CAGR of 2.9% from 2012 to Import is the most critical component in the value chain as Turkey s natural gas production is very limited. There are ample opportunities for investment in the import market. Turkish Natural Gas Demand Forecast from

29 The Energy Sector: A Quick Tour for the Investor Turkey is at the crossroads of consumption and production: a natural bridge. Gas Production Turkey s position is critical for the export and import of petroleum as it straddles the demand-rich west to supply-rich east. Petroleum Production Source: BP Statistical Review

30 The Energy Sector: A Quick Tour for the Investor 30

31 The Energy Sector: A Quick Tour for the Investor 31

32 The Energy Sector: A Quick Tour for the Investor 32

33 The Energy Sector: A Quick Tour for the Investor 33

34 The Healthcare Industry: A Quick Tour for the Investor 34

35 The Healthcare Industry: A Quick Tour for the Investor Increasing incomes, changing demographics and widespread access to healthcare services are the engines of growth in the Turkish healthcare system The Ministry of Health is targeting increased effectiveness, efficiency and equity in health service delivery as well as ensuring financial sustainability for its programs. Simultaneous improvements in the health system on both the demand side (increased health insurance coverage, expanded benefits and reduced cost sharing) and the supply side (expansion of infrastructure, health workforce and health services) are intended. As a result, healthcare spending per capita has been targeted to almost triple by 2023, reaching USD 2,

36 The Healthcare Industry: A Quick Tour for the Investor The growth of healthcare spending per capita in Turkey is expected to outpace many developed countries between 2013 and Healthcare Spending per Capita Growth for and in Selected Countries/Regions With a CAGR of 3.35% between 2008 and 2012, Turkey stands just below high income countries, and the world average. However, according to EIU forecasts, the healthcare sector in Turkey is set to boom by a CAGR of 5.6% between 2013 and 2017, while most developed countries will be experiencing relatively lower growth rates. Turkey is also expected to surpass the forecasted world average with this growth rate. Investment Tip: Turkey will experience continued economic expansion and rising incomes which, in turn, will create more demand for health services and products. These increases are reflected in healthcare spending projections. 36

37 The Healthcare Industry: A Quick Tour for the Investor Health-related tourism is an emerging global trend, one that has already taken off in Turkey Health tourism refers to traveling to another country to seek specialized or economical medical care as well as well being services and recuperative care. This includes, in addition to services provided in hospitals and clinics, services such as those provided for the elderly and thermal tourism. An emerging trend globally, health tourism has also been on a rise in Turkey. The number of foreign patients coming to Turkey to receive medical treatment increased at a CAGR of 38% between

38 The Healthcare Industry: A Quick Tour for the Investor Health-related tourism is an emerging global trend, one that has already taken off in Turkey The majority of health tourists came from Germany, Libya, Russia, Iraq and the Netherlands in 2012, benefiting from high quality, yet affordable, healthcare services in Turkey. Istanbul had the highest number of health tourists within Turkey with more than 25,000 foreign patients, followed by Kocaeli and Ankara with 11,000 and 8,000 foreign patients, respectively. In 2012, popular treatment options were eye operations with a frequency of 25%, followed by oncology with 13% and orthopedics with 12%. The revenues have grown steadily from 2007 to 2012, reaching TL 168 million in This indicates a 47% increase from 2007 to

39 The Healthcare Industry: A Quick Tour for the Investor Moreover, there are specific incentives to boost health-related tourism 39

40 The Healthcare Industry: A Quick Tour for the Investor Pharmaceutical Industry Targets According to the Turkish Pharmaceutical Sector Vision 2023 report, the following targets would be reached with the relevant policy actions: Achieve local pharmaceutical production of USD 23.3 billion through the production of innovative and technologically advanced products (as compared to local production of USD 5 billion in 2011) Achieve pharmaceutical exports worth USD 7.3 billion and clinical trial services exports worth USD 782 million - totaling USD 8.1 billion (as compared to total pharmaceutical product and service exports of USD 587 million in 2011) Become a net exporter of pharmaceutical drugs with an export surplus of more than USD 1 billion (as compared to a 2011 foreign trade deficit of USD 4.1 billion) Achieve total R&D investment of USD 1.7 billion (R&D investment was USD 60 million in 2010) Become a regional Shared Service Center location for the pharmaceutical industry that exports management services 40

41 The Healthcare Industry: A Quick Tour for the Investor 41

42 Electronics, Information & Communications Technology (ICT) in Turkey : A Quick Tour for the Investor 42

43 Electronics & ICT Sector in Turkey : A Quick Tour for the Investor Source:TESID 43

44 Electronics & ICT Sector in Turkey : A Quick Tour for the Investor 44

45 Electronics & ICT Sector in Turkey : A Quick Tour for the Investor 45

46 Electronics & ICT Sector in Turkey : A Quick Tour for the Investor 46

47 Electronics & ICT Sector in Turkey : A Quick Tour for the Investor 47

48 Electronics & ICT Sector in Turkey : A Quick Tour for the Investor Investing in the ICT sector in Turkey Turkey is a growing economy with the potential of becoming a regional hub for the ICT sector. Turkey is a growing economy with a favorable investment climate for the ICT sector. Turkey has a sizeable internal ICT market. Global companies choose Turkey as their regional center to manage business in growth markets. Turkey offers high-quality business resources & infrastructure for the ICT sector. Turkey s universities have distinguished engineering faculties providing exceptional academic research. This creates outstanding academic programs in engineering and related fields. In Turkey, academia participates in producing innovation in technology development zones Turkey has a modern infrastructure that has witnessed increasing investment in recent years. 48

49 Electronics & ICT Sector in Turkey : A Quick Tour for the Investor There are 129 important ICT research centers in Turkey 49

50 PART III - IV Definition of Foreign Investor Definition of Foreign Invesment Main Principles of FDI Regime International Agreements Bilateral Investment Treaties Establishing a Company Liaison Offices Real Estate Acquisition Improving Investment Environment FDI Figures 50

51 Definition of Foreign Investor Foreign Real Persons Turkish Nationals Resident Abroad Foreign legal entities established under the laws of foreign countries International institutions 51

52 Definition of Foreign Investment Establishing a new company or branch of a foreign company. Share acquisitions from a company established in Turkey. Economic Assets: Capital in cash Stocks and bonds of foreign companies Machinery and equipment Industrial and intellectual property rigths Reinvested earnings, revenues, financial claims Commercial rights for exploration and extraction of natural resources Assets acquired from abroad Assets acquired from Turkey 52

53 Main Principles of FDI Regime National treatment No pre-entry screening/minimum capital requirements Right to acquire real estate Guarantee to free transfer of proceeds, dividends and other financial assets. Right to employ key expatriate staff Right to access international dispute settlement 53

54 International Agreements CUSTOMS UNION WITH THE EU FREE TRADE AGREEMENTS WITH 18 COUNTRIES EFTA Israel Macedonia Bosnia and Herzegovina Palestine Tunisia Morocco Egypt Albania Georgia Montenegro Serbia Chile Jordan Lebanon BILATERAL INVESTMENT TREATIES WITH 75 COUNTRIES Mauritius South Korea Malaysia DOUBLE TAXATION AGREEMENTS WITH 80 COUNTRIES 54

55 Bilateral Investment Treaties The Agreements on the Reciprocal Promotion and Protection of Investments (Bilateral Investment Treaties or BITs in short), are signed with the countries with which promotion of mutual economic relations would be beneficial, or with which Turkey s investment relations are developing. The main objective of BITs is to stimulate the capital and technology flows between the Parties, provide favorable conditions for investors and to determine the limits of the legal treatment accorded by the hosting countries for mutual investments. So far, Turkey has signed BITs with 94 countries. Today BITs are fundamental agreements having utmost importance for the international investors. BITs signed by Turkey include sine qua non provisions, such as the application of national treatment and most favored nation treatment to foreign investors by the hosting country, guarantee of free transfers of returns and profits, the conditions for nationalization, and resort to international arbitration in case of the arisal of a dispute between the investor and the hosting country. 55

56 A Favourable Company Establishment Company establishment in one day. Starting and operating a business on equal terms with local investors. All types of companies are allowed. Significant cost and time advantages. 56 4

57 Establishing a Company Company statute and notarized signatures of founders Deposit the initial capital in a bank and the %00,4 of the capital to the account of the Competition Authority Register with the Trade Registry and the Chamber of Commerce and/or Industry Notarize commercial books 57

58 Liaison Offices Ministry of Economy is authorized to grant permits and extend. Ministry evaluates the liasion office opening permit applications of newly established foreign companies within the context of some elements such as the field of activity, the capital and the number of personnel employed and may stipulate the condition for the company to have been operational for at least one year in order to grant the permit. 58

59 Liaison Offices * Liason Offices, in their first application, are granted operation permits of 3 years at most. * For extensions, offices are required to make an application before the expiration of their permissions. * The permits obtained for market research or promotion of products or services of the foreign company are not extended. 59

60 Liaison Offices Extention Field of Activity Representation and Hosting Duration (Years) 5 Control, Inspection and Provision of Local Suppliers Technical Support 5 5 Communication and Transfer of Information Regional Management Headquater

61 For Real Persons Real Estate Acquisition No reciprocity requirement Acquisitions up to 30 hectares Requirement to develop a project within two years in case the acquisition of a vacant land Total area of real estates can not exceed 10% of the privately owned land in the town For Foreign Companies Acquisition according to the provisions of special laws For Turkish Companies With Foreign Capital Companies controlled by foreign investors can acquire real estates to conduct business activities listed in the Articles of Association Permission requirement for the acquisitions in military zones and special security zones Exemptions for special cases 61

62 Improving Investment Environment Streamlining procedures for investments and eliminating administrative and bureaucratic hurdles in line with changing priorities and needs of business Political ownership Making full use of public-private dialogue through permanent platforms: The Coordination Council for the Improvement of Investment Environment Investment Advisory Council 62

63 COUNCIL OF MINISTERS Coordination Council for the Improvement of Investment Environment (YOIKK) Investment Advisory Council (IAC) Monitoring (YOIKK Secretariat) Steering Committee Working Groups for Assesment and Evaluation TECHNICAL COMMITTEES Company registration and Corporate Governance Employment Input Supply Strategy (GITES) and Sectoral Licensing Land for investment, environmental and zoning permits Taxes and Incentives Foreign Trade and Customs Intellectual Property Rights and R&D Legislation of Investment Climate Access to Finance Infrastructure For more information: 63

64 Executives of leading multinational firms, Improving Investment Environment Investment Advisory Council Heads of international institutions (IMF, World Bank, European Investment Bank) and Heads of TOBB, TUSIAD, YASED, TIM. Investment Advisory Council of Turkey had 8 meetings since

65 Improving Investment Environment Investment Advisory Council THE EIGHTH MEETING OF THE INVESTMENT ADVISORY COUNCIL FOR TURKEY OCTOBER 31, 2013, Istanbul - TURKEY 65

66 FDI Figures (Billion $) FDI Inflows * First six months Source: Central Bank of Turkey FDI inflows Foreign Capital Companies : 15 billion USD : 135 billion USD

67 FDI BY REGIONS % 7% 2% 7% 14% % 4% 3% 6% 9% 1% % 7% 9% 12% 0% 20% 40% 60% 80% 100% EU Non-EU Europe USA Gulf Region Others Source: Central Bank of Turkey 67

68 4,500 4,000 Turkey is becoming a global player with increasing outward investments. 4.3 FDI Outflows (USD Billion) 3, ,000 2,500 2, ,500 1, Jan-Jul Source: Central Bank of Turkey 68

69 PART V BUSINESS PRACTICES Taxation Labor Market Innovation and R&D Related Activities Logistics 69

70 Corporate Taxation Corporate Tax Law No: 5520 has been enacted on 21 June 2006 The corporate income tax rate is 20%, computed on annual fiscal profits The normal fiscal year-end is December 31st. The calendar year is not appropriate because of the business, permission can be obtained from the Ministry of Finance for an alternative fiscal period.! Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones could include total or partial exemption from Corporate Income Tax. The transfer Pricing Regime of Turkey follows OECD Guidelines to a major extent Tax losses can be carried foeward 5 years (without any indexation) 70

71 Labor Market 71

72 Labor Market Generally, the working week consists of a maximum of 45 hours. Total working hours may be divided freely working days; however, working hours cannot exceed 11 hours in any day. 72

73 Labor Market 73

74 Innovation Driven R&D Related Activities 74

75 Innovation Driven R&D Related Activities 75

76 Innovation Driven R&D Related Activities 76

77 Innovation Driven R&D Related Activities 77

78 Logistics Europe s biggest truck fleet 45 thousands trucks and 1,420 companies Almost 1.2 million flights in million tonnes freight and million passengers 25. biggest fleet in the world 52 airports and 76 ports Total length of divided highways will reach 15 thousand kilometers. High-speed railway projects are carried out rapidly. 78

79 Logistics International Flights Turkish Airlines is flying to more countries and international flight destinations than any other airline in the world! 79

80 PART VI New Investment Incentives Program Orientation Support Measures Regional Investment Incentive Scheme Priority Investments Large Scale Investment Incentive Scheme Strategic Investment Incentive Scheme General Investment Incentive Scheme Free Zones 80

81 New Investment Incentives Program Orientation i. Turkey s new Investment Incentive Program, launched in April, 2012, became effective by the Council of Minister s Decree No. 2012/3305 on Government Subsidies for Investments of June 15, ii. The new Investment Incentive Program that is vital for Turkey s 2023 vision as well as for the production and export-oriented growth strategy aims to: Steer savings into high added value investments, Boost production and employment, Encourage large scale and strategic investments with high research and development content for increased international competitiveness, Increase foreign direct investments, Reduce regional development disparities, Promote investments for clustering and environment protection, in line with the objectives set in development plans and annual programs. 81

82 New Investment Incentives Program Orientation Regional Scheme Priority Investments Strategic Scheme General Scheme Large Scale Scheme 82

83 Social Security Premium Support (Employee s Share) VAT Exemption Customs Duty Exemption Income Tax Withholding Support Support Measures Tax Deduction VAT Refund Social Security Premium Support (Employer s Share) Land Allocation Interest Support 83

84 Support Measures Support Measures General Investment Regional Investment Large Scale Investment Strategic Investment VAT Exemption Customs Duty Exemption Tax Deduction Social Security Premium Support (Employer s Share) Interest Support Land Allocation VAT Refund Only For Region 6 (The Least Developed Region) Income Tax Withholding Support Social Security Premium Support (Employee s Share) 84

85 Regional Investment Incentive Scheme The aim of the Scheme: Regional system aims to eliminate inter-regional imbalances. The supported sectors: Supported sectors are determined according to the economic potentials of provinces and scales of economies. For each provinces, there is a supported sectors list with a different minimum investment amount or capacity requirement. The support rates and terms: Rates and terms of support measures are differentiated according to development level of the regions. 85

86 Regional Investment Incentive Scheme Regional Incentives Map 86

87 Incentives Region 1 Region 2 Region 3 Region 4 Region 5 Region 6 VAT Exemption Customs Duty Exemption Tax Reduction Rate of Contribution to Investment (%) Regional Investment Incentive Scheme out of OIZ in OIZ Social Security Premium Support (Employer s Share) out of OIZ in OIZ 2 years 3 years 5 years 6 years 7 years 10 years 3 years 5 years 6 years 7 years 10 years 12 years Land Allocation Interest Support N/A N/A Income Tax Withholding N/A N/A N/A N/A N/A 10 years Social Security Premium Support (Employee s Share) N/A N/A N/A N/A N/A 10 years 87

88 Priority Investments Following priority investments will benefit from terms and rates of the support measures of Region 5 even they are made in Regions 1, 2, 3, 4. Tourism investments in Cultural and Touristic Preservation and Development Regions determined by the Council of Ministers Decree and thermal tourism investments. 88

89 Priority Investments Specific pharmaceutical investments (bio-technologic and oncology pharmaceuticals, blood products) and Defense Industry Investments with a minimum investment amount of 20 Million TL Test facilities, wind tunnel and similar investments made for automotive, space or defense industries Investments made to manufacture the products and parts designed and developed as an outcome of the R&D Projects supported by the Ministry of Science, Industry and Technology, TUBITAK and KOSGEB 89

90 Priority Investments Nursery, Pre-school, Primary, Middle and High School investments by private sector International fairground investments with a minimum covered area of m 2 Investment for production of carbon fiber or the production of composite materials included carbon fiber production 90

91 Priority Investments Investment made to generate electricity from coal Investments on production of electricity through waste heat recovery in a facility (excluding natural gas-based electricity generation plants) Motorized land vehicles key industry invesments with a minimum invesment amount of 300 million TL, automotive engine manufacturing invesments with a minimum amount of 75 million TL and transmission components/parts and automotive eletronics manufacturing investments with a minimum amount of 20 million TL 91

92 Priority Investments Energy efficiency investments with a return on investment of maximum 5 years and providing at least 20% energy savings per unit, which are carried out by existing manufacturing facilities that have minimum 500 TOE (tonne of oil equivalent) annual energy consumption Liquefied natural gas (LNG) investments and underground gas storage investments with a minimum amount of 50 million TL Mining Investments 92

93 Goals of the Scheme: Large Scale Investment Incentive Scheme - Improvement of Technology and R&D Capacity - Provide a competitive advantage in the international arena # Investment Subjects Min. Inv. Amount Million TL Million USD 1 Refined Petroleum Products Chemical Products Harbours and Harbour Services Automotive OEM and Side Suppliers Railway and Tram Locomotives and/or Railway Cars Transit Pipe Line Transportation Services Electronics Medical, High Precision and Optical Equipment Pharmaceuticals Aircraft and Space Vehicles and/or Parts Machinery (including Electrical Machines And Equipments) Integrated Metal Production

94 Large Scale Investment Incentive Scheme Incentives Region 1 Region 2 Region 3 Region 4 Region 5 Region 6 VAT Exemption Customs Duty Exemption Tax Reduction Rate of Contribution to Investment (%) Social Security Premium Support (Employer s Share) (Year) out of OIZ in OIZ out of OIZ in OIZ Land Allocation Interest Support N/A N/A N/A N/A N/A N/A Income Tax Withholding N/A N/A N/A N/A N/A 10 Social Security Premium Support (Employee s Share) (Year) N/A N/A N/A N/A N/A 10 94

95 Strategic Investment Incentive Scheme Goals of the scheme: This scheme aims at supporting production of intermediate and final products with high import dependence with a view to reduce current account deficit. It also targets encouraging high-tech and high value added investments with a potential to strengthen Turkey s international competitiveness. Eligibility Criteria for Strategic Investment: Production of import dependent intermediate goods and final products (more than 50% supplied by imports) 50 Million TL ($23 M) minimum investment amount A minimum 40% value addition Import in the last year should be at least $ 50M (This condition is not necessary for goods with no domestic production) 95

96 Strategic Investment Incentive Scheme Incentives All Regions VAT Exemption Customs Duty Exemption Tax Reduction Rate of Contribution to Investment (%) 50% Social Security Premium Support (Employer s Share) Land Allocation VAT Refund Interest Payment Support 7 Years (10 years for Region 6) The building and construction costs of investments of more than 500 Million TL Limited to 5% of total investment amount and with a cap of 50 Million TL Income Tax Withholding Exemption 10 years only for Region 6 Social Security Premium Support (Employee s Share) 10 years only for Region 6 96

97 General Investment Incentive Scheme Regardless of region where investment is made, the scheme is available for all investment projects provided that: Investment subject is not excluded from the investment incentives programs. Requirement of minimum fixed investment amount is met 1 Million TL. ($465K) in Regions I and II, 500 Thousand TL.($233K) in Regions III, IV, V and VI respectively. The investment projects that are supported from the General Investment Incentives Scheme will benefit only from Customs Duty and VAT exemptions on their machinery and equipment expenditures. 97

98 Free Zones Free Zones Are Fenced-in Regions That; Have special regulatory treatment for the operating users in order to promote exports of goods and services; Are regarded as outside the domestic tariff area; thus, subject to no customs duty or value added tax; Operate under a single bureacratic window; Offer a more conveninent and flexible business environment Offer very advantegous tax incentives 98

99 Free Zones Number of Free Zones: 19 Total Employment: Total Users/Companies: Total Trade Volume : 22,5 Billion USD Total State Revenues: 1 Billion USD Total Investments Received: 3 Billion USD 99

100 THANK YOU BURAK AVCI FOREIGN TRADE EXPERT Phone : Web : incentives@economy.gov.tr : 100