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The Netherlands - Turkey Trade and Investment

TURQUOISE COAST HOLIDAYS, your bridge between the Netherlands and Turkey...

Turkey - the Netherlands investment relations, the history of economic and trade relations have existed for 400 years. The number of Dutch companies in Turkey is already above 3000.
 

Turkish investors choose the Netherlands. In the Netherlands, the number of Turkish entrepreneurs exceeds 20,000. Investments of Turkish entrepreneurs abroad have reached a record high in the last 10 years, and the Netherlands is at the top of the list of countries where Turkish companies have invested.
 

Between the years of 2000-2010, Turkish companies in the Netherlands invested 5 billion 346 million dollars.
 

According to the 2016 figures, the Netherlands is in the top 10 export countries in Turkey. In 2016, exports increased by 14 percent to $ 3.6 billion. 2.5 percent of total exports from Turkey go to the Netherlands. When it comes to the total amount of foreign direct investment in Turkey, the Netherlands is in first place. In terms of the number of companies with foreign capital Dutch companies are in third place, after German and British companies.
 

Since 10 years, the Netherlands is in the first place of foreign investors in Turkey. Tourism from the Netherlands provides Turkey with an average annual income of 1 billion dollars. The number of Dutch companies that start activities in Turkey has also risen in recent years, particularly in the real estate and construction sector. Many small Dutch companies specializing in construction and marketing are actively involved in construction projects in the tourist areas.
 

Other areas that Dutch companies prefer are: wholesale and retail trade, tourism and catering, transport and communication, machine industry, metal and plastics processing, textiles and clothing, telecommunications, publishing and education. Unilever has opened one of its largest and most modern factories for household products, such as cleaning products, and personal care, such as Dove's bath, shower and soap products, in Turkey in 2017, in addition to the 8 factories that the company already has in the country.
 

The Netherlands has an advanced economy. It has played a very important role in the European economy for centuries. It has the world's 17th largest economy in terms of GDP and is ranked 14th in national per capita income. With approximately 800 billion dollars in foreign trade, and the national income per person of almost $ 50,000 the Netherlands are one of the richest markets in the world. In addition, the Netherlands has a strategic location within Europe and a well-developed infrastructure. The fact that approximately 46% of imports to the Netherlands are being exported again ensures that the Netherlands is the logistics center for European and worldwide distribution. With this considerable size, the Netherlands is a door between Europe and the rest of the world. According to the data of the World Trade Organization (WTO), the Netherlands is ranked fifth in the world in the field of exports, and in ninth place in imports.
 

Because banks and private insurance companies in the Netherlands have taken timely measures to strengthen the country’s financial structure, the country is least affected by the global economic crisis of all European countries. According to the Global Competitiveness Report 2016-2017 of the World Economic Forum, the Netherlands is in fourth place worldwide in 138 countries with a strong economy, and the first in European countries. In the report 'Doing Business 2016' by the World Bank, the Netherlands is ranked 28th in 189 countries because of the ease of doing business.
 

The trade structure of the Netherlands is, in addition to good trade relations with neighboring countries, to import products of the best quality for the best prices worldwide and to market them in Europe and worldwide. An important part of the export consists of re-exports and there is a flourishing foreign trade.
 

The most important sectors of the economy are transport / logistics, chemical industry, trade and services. At the same time, the country is a major exporter of agricultural products. The main trading partners are Germany, Belgium, United Kingdom, United States, France, Italy, China and Russia.
 

According to the Netherlands Bureau for Statistics, the Dutch economy, which grew by 1% in 2014 and increased by 1.9% in 2015, grew by 2.1% in 2016. According to these data, the Dutch economy has grown over the past 3 years. Inflation in the Netherlands was 0.2% in 2016, the lowest level in the past 30 years.

 

The history of economic and commercial relations between the Turks and the Dutch goes back 400 years, when the Ottoman Empire in 1612 invited the first Dutch ambassador to Istanbul. In 1859, Yahya Karaca Pasha was appointed the Turkish ambassador for the embassy that was opened in The Hague in 1855. At that time trade was the most important subject in Ottoman-Dutch relations. The most important products that Dutch traders bought were silk from Syria and Iran and spices from Asia. In the 17th century, Turkey started exporting wool and cotton to the Netherlands, while the Netherlands exported its products to Turkey. In the 19th century tobacco was the most important product Turkey exported to the Netherlands.



After the proclamation of the republic, the Turkey-Netherlands Convention was established in 1934 to strengthen economic and trade relations between Turkey and the Netherlands. The association treaty was signed by Atatürk and Queen Wilhelmina, the heads of state of both countries. Before that time, in 1930, Philips, a Dutch multinational company, had already started its activities in Turkey.

Trade relations between Turkey and the Netherlands have increased further since the improvement of the Turkish economy in the early 1980s. From 10 to 12 February 1993 a delegation from the Chamber of Commerce of Rotterdam Utrecht, Amsterdam, The Hague and Amersfoort and the private sector met with representatives of the Turkish authorities during a visit to Turkey to improve bilateral trade relations and the Council for Turkish and Dutch Enterprises was established.

 

In 1996 the customs tariff was introduced between 27 countries, including the Netherlands and Turkey, which included customs duties in respect of trade in industrial products.

In addition, there is the NETUBA (Netherlands-Turkey Business Association), whose members are mostly small and medium-sized Dutch companies that want to do business with Turkey. On November 17, 2017 the first office of NETUBA in Turkey was opened in Istanbul (Zorlu Center). This emables the NETUBA platform to take a major step in facilitating trade and investment activities between the Netherlands, Turkey and neighboring countries.

The trade volume between Turkey and the Netherlands shows a steady increase in both exports and imports. In 2002 the trade volume between the two countries rose from $ 2.4 billion to $ 7.2 billion in 2011, which means a tripling.

 



We will be more than happy to assist Dutch entrepreneurs, who want to invest in Turkey in an honest and frank manner, as well as Turkish entrepreneurs who want to invest in the Netherlands in the same way, with our knowledge and experience.

Turquoise Coast Holidays, your bridge between the Netherlands and Turkey...