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The third annual meeting of Global Arbitration

Experts took place in İstanbul on the 25th of

June, 2015. Attending the meeting, the Union of

Chambers and Commodity Exchanges of Turkey

(TOBB) and Jerusalem Arbitration Center (JAC)

President M. Rifat Hisarcıklıoğlu stated that the

Jerusalem Arbitration Center is an independent,

apolitical and professional bilateral conflict

resolution forum and said, “Jerusalem Arbitration

Center provides hope for a better future.”

First put forth 7 years ago, the idea of an

arbitration center for the region has been discussed

and through the hard work of Israeli and Palestinian

business communities, the International Chamber

of Commerce (ICC) and other international

organization and individuals to make it reality,

Hisarcıklıoğlu recorded that JAC was officially

established in 2013.

The Union of Chambers and Commodity Exchanges of Turkey

(TOBB) has achieved a very important success in Europe. The

Association of European Chambers of Commerce and Industry

(EUROCHAMBRES) unanimously elected Turkey as vice chair, a post

previously held by Germany, France, Italy, Spain and Poland.

With this decision, EUROCHAMBRES elevated a non-EU member

country to the same office as a EU country for the first time. The

unanimous decision is regarded as revolutionary for EUROCHAMBRES.

The housing sector has been the most discussed

issue in recent months in Turkey. Plazas, malls and

never ending housing projects beg the question whether

there is a bubble in the housing sector in Turkey.

Is there truly a bubble? If so, could it drive Turkey’s

economy into crisis if it were to burst?

Of course there could be excessive prices in various

city centers and projects, however, macro analysis of

Turkey points to no bubble in the housing sector.

EKONOMİK

FORUM

129

i

Mehmet Baybulat AŞETEY

TOBB Bilgi Erişim Uzman Yardımcısı

Ô

Global Arbitration Experts

convened in İstanbul

TEPAV and TOBB-BIO,

sign MOU with BIO

The Economic

Policy Research

Foundation of

Turkey (TEPAV) and

TOBB-BIO signed a

memorandum of

understanding with

the world’s largest

sector union in the

field of biotech, BIO

in Philadelphia at the

BIO Convention.

Organizing

Turkey’s program at the world’s largest biotech event, the BIO 2015

Conference, were TEPAV and TOBB. Taking part in the Turkish delegation

were representatives of TEPAV, TOBB and 11 research centers, 11, companies,

Turkey Health Institutes Directorate (TÜSEB) and the Development Ministry.

Attended by approximately 20,000 people from 65 countries, the Conference

hosted representation from countries and companies at the highest levels.

Steps necessary for Turkey to leap forth in the biotech sector were discussed

during the Conference.

As per the MOU signed, TEPAV Biotechnology Policies Center and BIO

will cooperate and hold meetings. This partnership will include sharing of

information and know-how support joint activities with the newly established

Biotechnology Sector Council under TOBB.

Historic event

for TOBB in

EUROCHAMBRES

Is there a bubble

in the

housing sector?