United States Department of State

Turkey United States Department of State

Turkey acknowledges that its domestic economy alone will not enable it to meet its ambitious 2023 economic goals and that it needs to attract significant new foreign direct investment (FDI). As a result, Turkey has one of the most liberal legal regimes for FDI in the OECD. According to the Ministry of Economy, Turkey attracted USD 12.1 billion of FDI in 2014, slightly less than USD 12.4 billion from 2013. U. S. FDI in Turkey was USD 325 million in 2014 and USD 326 million in 2013. In order to attract more FDI, Turkey needs to increase trade advocacy and export promotion efforts, as well as access to credit, especially for small- and medium-sized businesses involved in high value-added goods and services. Turkey must also better enforce international trade rules, ensure the transparency and timely execution of judicial orders, increase engagement with foreign investors on policy issues, and pursue policies to promote strong, sustainable, and balanced growth.