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industry establishments increased
by 8.3%, reaching 383 billion
TRY while 0.7% drop in exports
brought the volume back to 63.3
billion USD.
İSO Board Chairman Erdal
Bahçıvan, announcing the results
of the study with Vice Chairs
Adnan Dalgakıran and İrfan
Özhamaratlı, stated that according
to the study, the 500 largest
industry establishments of Turkey
had increased net sales by 7.4% in
regards to 2014, reaching 454.99
billion TRY.
The latest iteration of the
study conducted by the İstanbul
Chamber of Industry (İSO) every
year for the last 46 years to
determine the 500 largest industry
establishments in Turkey was
announced to the public in June
23rd, 2014. According to the study
acting as a mirror for Turkey’s
economy, Turkey Petroleum
Refineries Inc. (TÜPRAŞ) with
its 39.7 billion TRY in production
sales, is in the first place among
500 large industry establishments.
Production sales of the 500 largest
Financed by the European
Commission and prepared by the World
Bank experts, the EU – Turkey Customs
Union Assessment Report, the results of
the Customs Union since the time was it
was started in almost the 20 year span
of time since it had gone into effect are
reviewed. According to the report a Free
Trade Agreement would decrease EU’s
Turkey exports by 7.2% and Turkey’s
EU exports by 4.2%. Additionally,
despite the fact that bilateral trade has
increased, due to the changes in global
economics the Customs Union must
address new issues. In this regard, it is
necessary to extend trade regulations
which cover most industrial products
specific to the Customs Union to
agriculture and service industries as well
as making parallel negotiations to FTAs
with third countries official.
EU-Turkey Customs
Union
has increased trade
but needs reinforcement
İSO 500 list
announced,
TÜPRAŞ still no. 1 in Turkey
Attending the
announcement
meeting of the Turkey-
EU Customs Union
Assessment Report
in İstanbul were
TOBB President and
Eurochambres Vice
President M. Rifat
Hisarcıklıoğlu, EU
Turkey Delegation Vice
Representative Bela
Szambodi, World Bank
Turkey Director Martin
Raiser, Economy Ministry
EU General Director
Murat Yapıcı and many
representatives of the
business world.
Giving the opening
speech of the meeting
TOBB President and
Eurochambres Vice
President M. Rifat
Hisarcıklıoğlu stated that
the Customs Union of
Turkey and the EU was
founded 18 years ago,
in 1996, the scope of
which was agreed upon
via a Partnership Council
decision and went on:
“The Customs Union
is a phase of Turkey – EU
partnership relationship.
It is the end of the
transitional process as
defined in the Ankara
Agreement in regards
to full membership.
Unfortunately this ‘end’
has failed to end, and the
Customs Union, designed
to be just one phase, has
lasted almost 20 years.”
Hisarcıklıoğlu urges EU and Customs Union to
“prevent unfair competition”
