The 1980s and 1990s were a period of high growth and industrialization, together with liberalization in financial markets. From 1980 to 2000 exports experienced a ten-fold increase with a shift from agricultural to industrial products. Although Turkey’s 2001 crisis was a serious setback, it also showed the economy’s resilience and flexibility
Turkey enjoys a very special location at the crossroads between East and West, overlapping Europe and Asia geographically and culturally Turkey offers both domestic and export -oriented market opportunities: A huge and growing domestic market (approx. 67 million), High-income European markets (approx. 600 million), Emerging Russia, Caucasia and Central Asia markets (approx. 250 million), Diverse and expanding Middle East and North Africa markets (approx. 160 million). Turkey has a customs union with the EU and is in the accession process to be a full member. Turkey has Free Trade Agreements with EFTA and 14 countries, and 9 more are on the way. Turkey is a member of Black Sea Economic Cooperation, Economic Cooperation Organization (ECO), Organisation for Islamic Conference and Islamic Development Bank. Unique Geographic Location
