UK Trade and Investment (UKTI) has identified Turkey as one of 17 high-growth markets which are afforded higher focus and greater attention under the 2006 strategy “Prosperity in a Changing World”. UKTI supports business through trade and investment teams based in Ankara, Istanbul and Izmir in Turkey. They provide a range of support services to UK companies wishing to trade with or set up joint ventures in Turkey. These are detailed on the UKTI web pages. There is also a team in Istanbul dedicated to promoting opportunities for investment into the UK by Turkish companies.
Regular events are delivered through partner organisations in the English regions and in the devolved administrations of Scotland, Wales and Northern Ireland to make UK companies aware of the prospective opportunities of doing business in Turkey and how best to realise them.
UKTI leads on the work of the Turkey-UK Joint Economic and Trade Committee (JETCO), which identifies new business opportunities and also focuses on ways to tackle barriers to trade and improve the environment for business.
My noble Friend the Minister of State for Trade, Investment and Small Business, visited Turkey in July 2009 and a ministerial delegation from Turkey is due to visit the UK this month (March 2010).