The “Report on Investment Outlook on Growing Islamic Markets
2015” compiled by data provider Thomson Reuters and Islamic market
focused research and consultation company DinarStandard, was
announced at the Global Islamic Investment Avenues 2015 conference
in Bahrain.
Reporting that the national income of 57 Islamic countries adds up
to 6.7 trillion USD with Indonesia placing first with 870 billion, followed
by Turkey with 820 billion USD. Turkey rose to second place in 2013 by
attracting 13 billion USD in direct foreign investment. Turkey increased
the amount of direct foreign investment it drew in by a compound 11%
between 2009 and 2013. In first place in the tourism and transportation
sectors among Islamic countries with an export income volume of 51.8
billion USD, Turkey had the largest sector volume in terms of domestic
spending with 95 billion USD.
The Changing World and Erzurum’s New
Opportunities Economic Consultation Forum
discussing the obstacles to the development of
Erzurum’s economy and development was held
by the Erzurum Governorship, Greater Erzurum
Municipality, the Union of Chambers and Commodity
Exchanges of Turkey (TOBB), Erzurum Chamber of
Commerce and Industry (ETSO), Erzurum Commodity
Exchange (ETB) and the Economic Policy Research
Foundation of Turkey (TEPAV).
Speaking at the opening of the meeting, TOBB
President M. Rifat Hisarcıklıoğlu stated that cities,
as opposed to countries have risen to prominence
globally in regards to economy and said, “As of 2014,
50% of the world’s economy is being circulated within
the world’s 600 large cities. Six years later, this ratio
will have risen to 60%. Erzurummust stand among
these cities.
EKONOMİK
FORUM
129
i
Mehmet Baybulat AŞETEY
TOBB Bilgi Erişim Uzman Yardımcısı
Ô
Hisarcıklıoğlu:
“Turkey’s
internet hub is Erzurum”
Overshadowed
recently by rapidly
developing political
events recently, the
Transatlantic Trade
and Investment
Partnership, a free
trade agreement between the European Union and
the USA. The TTIP is, as evidenced by its name, is not
just a FTA, it is an economic partnership; it might
even be considered an economic integration. The
reason for this is that it includes not just the lifting of
customs rates but also has chapters on the formation
of a comprehensive partnership.
There is an intense effort in Turkey in regards
to the TTIP on every platform. Industrialists, public
administration institutions, civil society organizations
and universities are holding meetings, seminar,
workshops and conferences on the matter. The reason
TTIP is so significant is that the agreement will have
immense effects on Turkey’s economy. This stems
from our membership in the Customs Union without
also being a member of the European Union.
Reviewing
the Customs
Union
in the shadow of the TTIP
IIF Chairman Adams:
“G20 is in good hands withTurkey”
Institute of International Finance (IIF) held a G20 conference in İstanbul on
the 8th and 9th of February, 2015. Giving the opening speech of the conference,
IIF Chairman and CEO Timothy Adams said in regards to Turkey as G20 Term Chair,
“G20 is in very good hands.”Stating that there are various obstacles to financial
globalization since the financial crisis, Adams said,“The markets are fragmented.
There are obstacles to the flow of capital. We see a fear of globalization by capital
throughout the world. The difficulty here is returning to the days of free flow of
capital over borders, globalization and robust economic growth, attaining success
in financial terms and in growth. For decades, we lived in a period of economic
and social progress and development. This is what the flow of capital is capable of.”
Turkey is the
İslamic world’s
second largest
economy
