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Europe

Turkey
Last reviewed: 27 January 2009

Country information

TRADE AND INVESTMENT

Trade and Investment with the UK

Turkey is the 6th largest Economy in Europe and in the top 20 in the world, attracting an estimated Foreign Domestic Investment (FDI) inflow of $20 billion in 2008.

Turkey is a major trading partner of the UK. The volume of UK-Turkey bilateral trade reached $12 billion in 2006 and the UK is Turkey’s 2nd largest export market. British firms cover a wide range of sectors, with over 41 British companies investing in Turkey, such as BP, Shell, Vodafone, Unilever (UK), HSBC, Aviva, Tesco, and Cadbury Schweppes.

Turkey had so far avoided the worst effects of the turmoil in global markets, but risks being affected due to decreasing investor confidence and the slow down in growth.Much of the success of inward investment can be attributed to the AKP government's decision to continue with the IMF reform programme.

Further information about Turkey's economy can be found at UK Trade & Investment Country Profile: Turkey.

Country information

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Travel Advice

Travel advice: Turkey

See Also

Useful Links

• UK Trade & Investment Country Profile: Turkey
• European Commission
• BBC News Country Timeline: Turkey

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Copyright 2009 Foreign & Commonwealth Office