Posted on 28 September 2016
Turkey’s status as a global investment destination received a boost this month, after the country was endorsed by both the UK and USA.
The first seal of approval came when British Foreign Secretary Boris Johnson used his first official visit to the country to underline the strong relationship between the UK and Turkey.
He reiterated his solidarity with Turkey’s democratically-elected government following July’s coup attempt and the UK’s wish to see a measured response to the attempt. He also met civil society representatives, visited Turkey’s Parliament and the Anıtkabir, to pay tribute to Mustafa Kemal Atatürk, the first President of the Republic of Turkey.
Highlighting that he is the “proud possessor of a beautiful, very well-functioning Turkish washing machine”, Mr Johnson said: “I am delighted to have been able to visit Turkey for the first time as Foreign Secretary. Through discussions with Turkey’s leaders, I had the opportunity to build on the considerable co-operation that already exists between our two countries, and consider how we can better harness the enormous trade opportunities we have.”
Meanwhile, September saw President Erdogan travel to New York to meet with more than 30 leading US business executives. Organised by the Support and Promotion Agency of Turkey (ISPAT), Erdogan’s insights into Turkey’s newly-unveiled investment incentives scheme and the Turkish Sovereign Wealth Fund were well received.
Erdogan further emphasized that the July 15 failed coup attempt did not have a lasting impact on the Turkish economy. During the meeting, investors gave a clear message that they will maintain their investments in Turkey.