18 July 2013

Contents

Brief @ Turkey

Highlights of Turkey

Investment Opportunities

Agricultural, Mining & Industrial sectors

Global Competitiveness Index of Turkey

Factors for doing business in Turkey

Trade with USA

Turkey India

Foreign market size index (1-7)best : 5.4 6.4

Domestic market size index : 5.2 6.2

FDI & technology Transfer : 4.7 4.9

Inflation : 8.30% 4.86%

GDP(PPP) as a share of World : 1.36% 5.65 %

Exports as share of GDP : 22.2% 26.5%

Turkish Economy is Flourishing Continuously-

• 16th largest GDP(PPP) with 1306 billions USD

• India ranks 3rd in GDP(PPP) billions with 4711 USD

• Will be among the top 10 Economies of the world by 2023

• Large and growing domestic market Population of 76 millions

• Customs Union with the EU since 1996, and Free Trade Agreements (FTA) with 22 countries • More FTAs underway• Accession negotiations with the EU

Brief About Turkey

FTA Partners

EFTA

Macedonia

Croatia

Albania

Israel

Palestine

Morocco

Tunisia

Egypt

Syria

Georgia

Serbia

Montenegro

Chile

Jordan

South Korea

Mauritius

Turkey is a Democratic, secular, and parliamentary, according to provisions of 1982 constitution, Divided into legislative, executive, and judicial establishments

Major religion : Muslim

Capital : Ankara

Business capital : Istanbul

GDP distribution in Turkey:

63% - Services

(includes Finance, Transportation, Communication, Tourism, etc.)

28% - Industries

9% - Agriculture

Strategy

• Focus on Exports of High Tech Products with high added value

US is ranked 7th as Turkey’s export partner with export share of 3.4% & 6.2 billions USD.(2012)

• Half population is below 30

• Ranked 32nd in world export & 23rd in world import

• 97% energy depends on imported oil

• Currency is Turkish Lira(TRY), 1USD=1.94TRY.

• 27.7 Million Workers

• 4th Largest Work Force in EU

• Rank 1- Germany 43.5 Million

• Rank 2 - UK 31.2 Million

• Rank 3 - France 28 Million

Brief About Turkey

Highlights of Turkey

FDI

TRY all time low

Shanghai Cooperation Organization

Privatisation

Fight Against civil

rights

EU-USA trade

FDI Investments-

Business services 16.7%

Diversified Industrial Products 13.2%

Automotive 12.4%

IT & Communication 9.9%

Financial Services 9.1%

Transport & logistics 8.9%

1USD=1.97 TRY

July 2013

Sectors of opportunity for Investment

Sectors Market Size Market Growth Opportunities

Ports 176 Ports, 387M TonnesHandling Capacity (2012)

300% Increase in Capacity in Next 20 Years

Privatization, BOT Container Port Projects

Marine 1 Billion USD 80% Growth in Shipyards Since 2002

New Marinas, Design & Consultancy, Defense

Oil & Gas 7.6 Billion USD 21% Annually EU Funding, Third Country Projects & PPP Projects

Aerospace & Airports

102 Airports, Total Annual Traffic is 45 million PAX

10% Annually Traffic Growth Airport Infrastructure

Environment & Water

42 Billion USD 6% Annually in Last 5 Years Water & Solid Waste Treatment, Air Pollution

Railways 11,000 km Railway Network 3000 km Expansion, High Speed Line and Metro

High speed System, Rail Equipments

Automotive 5,76,660 Cars & 4,95,679 Commercial Vehicle (2012)

22 Automotive Manufacturers Growth in R&D, Design & Technology Management

Finance & Insurance 132 Billion USD PPP, Individual, PrivateBanking

Financing Infrastructure Projects

Defense 9th Importer, 1.6 Billion USD Budget

Expanding & Improving Defense Industries

High Level of Production Technology & improvement

Education & Skills 13.4 Billion USD Education Budget of 2012

30M Education Population Corporate Training,Vocational Training

Source- www.ukti.gov.uk

Agricultural Sector

Key figures about Turkish agribusiness

• World leader in the production of dry fruits

• One of the leading producer of cotton, tea , tobacco & tomato products

• Agricultural production was 75 Billion USD & exports reached 17 Billion USD in 2012

• Largest milk and dairy production in its region

Turkey’s ambitious vision of 2023

• 150 Billion USD Gross Agricultural Domestic Product

• 40 Billion USD agricultural export

• To become one of the top 5 countries for agri production of agricultural production

7Source-www.invest.gov.tr

Mining Sector

• World’s largest boron reserve

• Has more than one third of marble reserves

• Total export of 4.3 Billion USD in 2012

8Source-www.invest.gov.tr

Industrial Sector

9

Major Industries

Automotive Agricultural Processing

Electronics Agricultural machinery

Iron & Steel Fertilizer Industry

Defense Textile and clothing

Cement Glass

Industrial Turnover Index May 2013 : 5.3%

Oil & Gas

10

SWOT Analysis of Industrial Sector

11

Strengths Weaknesses

• Geographical location of Turkey• Young human resource• Production at international quality & standards• Existence of entrepreneurship quality

• Shortage of qualified labor• Shortage of R&d, Technology, & innovation• Shortage of access to funding sources

Opportunities Threats

• European Union accession process & Harmonization studies

• Entrepreneurial young population• Market in neighboring & surrounding countries

• Globalization

• Global financial crisis• External dependency in energy• High import in supply of intermediate products• Shortage in transportation & infrastructure

Global Competitiveness Index: Turkey

12Source-The Global Competitiveness Report 2012–2013

Most Problematic Factors of Doing Business in Turkey

13

Top Exports of Turkey

Top opportunities for GSO-Iron & Steel

Castings

Turkey

• Vehicles

• Machinery

• Iron & Steel

• Stone, plaster, cement(Travertine & Marble)

• Iron & Steel Products

• Nuclear Reactors, Boilers & Pressure Vessels

• Carpets & Textile Floorings

US trade (in millions of US $) with Turkey

Source-www.census.gov

Top Imports of Turkey

• Aircrafts• Iron & Steel• Mineral Fuel• Cotton Yarn & fabric

• Machinery

Name of supplier Name of Buyer Iron & Steel Product

Componenta Dokumculuk Ticaret Ve

Caterpillar Global Mining Hms Gmbh

Iron Casting Products

Hksc Insaat Turizm Otomotiv Ithalat Ve Ihracat Sanayi Ticaret Ltd Sti

No data available Stainless Steel Shower Drains,Stainless Steel or Galvanized GratingFlange Compatible Lower Trunk

Tosunlar Steel & Iron Cast Foundry Ltd.

No data available Agricultural & Machinery PartIron and Steel CastingGray & Ductile Iron Casting

Akdas Dokum San. Ve Tic. A.S.

F L Smidth Inc. Stamped/Forged Iron/Steel Art. Steel Casting Pieces

Pekler Casting Industries Ltd.

No data available Ductile Iron Manhole Cover & Frame

Guroz Plastik Ve Metal San.Tic. Accurate parts Manufacture

co.

Tinplate Art. Iron/Steel, Other Dishwasher Parts , Forging Strap Hand Tool Parts Bar Stock Strap Hand Tool Parts Investment Casting Source-www.Panjiva.com

16

Thanks