Successful trade mission to Turkey to pave way for local enterprise
Press Statement: 7th October 2015
TradeMalta in collaboration with the Malta Chamber of Commerce, Enterprise and Industry and the Maltese Turkish Business Council within the Malta Chamber is back from a successful Trade Mission in Istanbul.
This event took the form of a business forum organised jointly with DEIK, the Foreign Economic Relations Board of Turkey, followed by business-to-business meetings with the Turkish counterparts.
During the forum, representatives from ISPAT (The Republic of Turkey Prime Ministry Investment Support and Promotion Agency): TURSAB (Association of Turkish Travel Agencies) and Yilport Holdings delivered presentations about the existing business opportunities for Maltese enterprises in Turkey.
A total of 17 Malta-based companies from various sectors including financial services, legal services, ICT, manufacturing, travel and restoration works amongst others met up with over 60 Turkish companies who attended the business forum and B2B meetings. Also present throughout the trade mission were representatives from Transport Malta, Finance Malta and Malta Enterprise.
A number of bilateral trade meetings were also held between DEIK, the Istanbul Chamber of Commerce, the Kocaeli Chamber of Industry and TUSIAD the Industrialist’s and Businessmen’s Association.
Trade between Malta and Turkey stands at over €225 million this year. This figure can potentially increase due to the substantial opportunities available in this large and diversified market. The scope of this Trade Mission was to further strengthen the existing trade relationships between Malta and Turkey and provide Malta-based companies with further opportunities to do business in this market.
TradeMalta Ltd is a public-private partnership between the Government of Malta and the Malta Chamber of Commerce, Enterprise and Industry set up to assist Malta-based companies succeed in international markets. It fulfils its mission through the administration of part-financing schemes to eligible companies as well as the provision of intelligence, training and capacity building.