Team Finland network is organizing a business delegation visit to Turkey (Istanbul and Ankara) on 6-8 June 2022. The program on this visit focuses on Low Carbon and Circular Economy, Sustainable Manufacturing and 5G and the visit is led by Mr. Ville Skinnari, Minister for Development Cooperation and Foreign Trade.
The EU is Turkey's largest trade partner and Turkey is the sixth largest trade partner of the EU. Finnish-Turkish trade in goods hit an all-time high of 1,7 billion EUR in 2021. Turkey also experienced an accelerating economic recovery in 2021 amidst the COVID-19 pandemic.
Turkey is currently anticipating the impacts of EU's Carbon Border Adjustment Mechanism (CBAM), which will affect Turkish exports to the EU. The manufacturing industry (cement, iron and steel, aluminum and fertilizer) will be affected by the first wave of regulations. Other energy-intensive industries that later could be affected by the extension of CBAM are chemistry, textiles and paper industries.
The Turkish Green Deal Action Plan, highlights an increase of use of renewable energy and low-carbon energy resources in Turkey. Also improving energy efficiency are of great importance considering reduction of greenhouse gas emissions.
Across the top 30 developing countries, Turkey ranked second amongst the recipients of International Finance Institutions' (IFIs') development financing in 2019, receiving 6.15 billion USD. IFIs' priority investment fields in Turkey involve projects in the abovementioned areas.
Turkey's manufacturing industries need a fast green transition in a wide scope of circular economy and green solutions; decarbonization, sustainable manufacturing, industrial energy efficiency, raw material efficiency, waste and water management, etc.
Turkey's 5G spectrum auction is expected to begin in 2023. Frequency allocations to the network operators will be given in the 5G tender. According to the network operators, massive infrastructure investments such as fiber-optic connections, base stations, network planning, telco infrastructure are needed.
During this visit there will be round table discussions and B2B meetings with high level representatives of state officials, leading private companies, industrial organizations, sectoral associations, as well as local representatives of international finance institutions. Via these meetings, participants of the Finnish delegation will have the chance to discuss about the upcoming projects in Turkey in earlier mentioned sectors, build a solid local network with related/relevant counterparts and pave the way for possible future co-operation options.
This visit is aimed for Finnish companies that are already present in Turkey or actively pursuing Turkey in their international development strategy, and for representatives of the Finnish flagship solutions and technologies in:
We are closely monitoring the current geopolitical situation and aim to organize visits while taking into account the situation and security. In addition, we are closely following the Covid-19 travel restrictions and any possible changes related to them. Kindly note that all delegates are required to have proof of two vaccinations to be able to take part in the visit program.
Kindly see detailed program in the link below.
To cover the expenses of arranging the visit, Business Finland will charge a participation fee.
Business Finland will invoice the participation fee after the visit based on the actual costs. The invoiced fee will not exceed the amounts mentioned above. Kindly note that the participation fee does not include flights or accommodation of the participant nor meals outside the business delegation program.