The importance of Turkey’s logistical location and its commercial position:
Turkey is on its way to becoming a central country in the global supply chain
Beginning, Turkey’s strategic geographic location has made it an increasingly attractive alternative in the context of the reshaping of the global supply chain, as it is centrally situated between Europe, where much of the world’s political and economic power is concentrated, and Asia, which has lately become a vital center of economic growth and rising political influence. Turkey is an important and distinguished bridge and connection point between Europe, the Middle East and Asia, and its geographical location makes it control the straits and the stability of the Black Sea region also it plays an important role as an energy bridge between the rich natural resources of the Caspian basin and Central Asia, and the Western world. This and others make it the ideal transportation and logistics center. The Turkish sector is relatively young but expanding rapidly, and Turkey is a country that is carrying on economic and cultural integration with the world and has a continuously growing market. Besides, the developing technology and entrepreneurship opening to the world, not only makes Turkey a market at the same time an economical power that is producing, knowing that logistics is the second economic factor that has the greatest potential after tourism in Turkey.
Recently, the energy, supply and food crisis in Europe prompted international companies to develop new investment plans, as European companies that were dependent on Asian countries such as China for production and supply began to move towards closer and more stable regions, and the eyes of international companies shifted to Turkey, due to Delays in production, high shipping costs, long-distance transportation, and the container crisis, and Turkey in particular due to the quality of production and logistical opportunities and to take advantage of the country’s advanced infrastructure and high industrial capabilities, and provide many other advantages such as location and cost, also its GDP (Gross domestic product) is 26 trillion dollars and it has a federation customs with the European Union, free trade agreements with more than 20 countries, Turkey has a diversified manufacturing base with strong links to global value chains, backed by advanced infrastructure and uninterrupted business services. The Turkish government also actively supports participation in the global value chain through special incentives and workforce development programs. Turkey provides incentives for production, employment, research and development through tax exemption, salaries, training support and exemptions for investors, and the liberal political framework plays a decisive role in attracting investors through legal protection mechanisms. In addition to encouraging the government and politicians, President Recep Tayyip Erdoğan said in this context: “Anyone who trusts and invests in Turkey will not regret it. On the contrary, he will be happy with the large profits he will make.” He added, ”
“At a time when the global production and logistics system is being rebuilt, I invite all investors in our country and around the world to take advantage of the tools and opportunities provided by Turkey, I would like to reiterate once again that our doors are open to investors.”
According to the latest analysis by international rating agency Fitch, Turkey is the country that will gain the most from the change in supply chains in Europe, followed by the Czech Republic, Poland and Romania.
According to the latest analysis by international rating agency Fitch, Turkey is the country that will gain the most from the change in supply chains in Europe, followed by the Czech Republic, Poland and Romania.