Doing Business with Turkey Seminar
Energy and Health Minister Konrad Mizzi today pledged that the government will work “day and night for the export-oriented companies to thrive.”
Addressing a seminar organised by TradeMalta and The Chamber of Commerce, Enterprise and Industry entitled ‘Doing business in Turkey’, Dr Mizzi said the latest export trends are very encouraging, with Eurostat’s latest figures confirming that products exported increased by 8% in the last 7 months compared to a 5% growth in Eurozone countries.
“Congratulations are in order for our hard working business community. However we can do better and today’s event will contribute to this quest for excellence. Together we can reach new economic heights,” Dr Mizzi said.
18 Malta based companies from sectors ranging from ICT, financial services, tourism, manufacturing and construction services, will be joining a Trade Mission organised by TradeMalta in two weeks’ time. Turkey is a fast growing market, and currently ranking as the 6th biggest economy in Europe.
“We hope that the working delegation will be fruitful and generate numerous leads for our companies. Trade Malta is constantly exploring new markets and opportunities and is currently gathering information on companies who are interested in doing business with South Korean and Albania,” explained Dr Mizzi.
Addressing the seminar Mr David Curmi – Chairman of TradeMalta expressed his satisfaction that 18 companies will be joining the business mission to Istanbul.
Giving a timeline of works carried by TradeMalta in the past 4 months of it’s setting up, Curmi hailed the competent board of directors who are working on a dynamic plan which shall soon be presented to all stakeholders.
In November TradeMalta will be heading its third business mission, this time in Algiers. Alreay more than 30 companies expressed their interest to join this mission.
“We are here to offer bespoke services for those interested to work outside Malta,” explained Curmi.
Anton Buttigieg CEO of TradeMalta, explained that in the past four months 45 companies were supported by TradeMalta to attend internation events.
“Please reach out to us especially when you have difficulties in tapping international companies. TradeMalta will be helping you to do business to business meetings.”
Mr George Schembri, General Manager of Abertax Group, a manufacturing company based in Kordin talked about his company’s experience in Turkey.
“We started in 2009 with a turnover of just €350 euro and in the first 7 months of 2015 we are already at €0.5 million turnover.
“Turkey is a very positive experience. There are no export complications…just one additional document needed – The ATR Certficate. We find the process much less bureaucratic in exporing to Turkey than to other countries.”
- A Joint Economic and Trade Commission between Malta and Turkey was signed on 29th August, 2015.
- The import trade value in 2014 by Malta from Turkey amounted to over €450 million whereas the export trade value was that of approximately €24 million.
- Over 230 Turkish ships in International Trade are carrying Maltese flags, which amount to 30% of the total Turkish ships in this sector.
- There are currently over 379 companies in Malta which have Turkish shares invested in such companies.
TradeMalta Ltd is a Public Private Partnership between the Government of Malta through Projects Malta Ltd and The Malta Chamber of Commerce, Industry and Enterprise.