The Turkish innovation ecosystem is performing well above the EU average—its performance relative to the EU has increased by 15.1% between 2010-18, according to the European Innovation Scoreboard 2018.
The EU and Turkey are linked by a Customs Union agreement, and as a result, Turkey has significantly harmonised its laws with the EU’s legal framework that is very familiar to UK businesses.
Turkey has overtaken Canada (and is likely to overtake Japan soon) to be one of the UK’s largest good exports destinations outside the EU, according to ONS figures. Turkey is ranked 7th among the top 34 upper-middle-income economies in the Global Innovation Index 2019 and 2,500 UK companies are currently operating there, ranging from small businesses to global companies such as Vodafone and Aviva.
UK-Turkey trade volume reached $18.6 billion in 2018, making the UK Turkey's second largest destination for exports, according to TÜİK (Turkish Statistical Institute) data.
Department of International Trade (DIT) guide on areas such as challenges, growth potential, and opportunities for UK business in Turkey.Read the report
European Commission report which reviews the research and innovation performance of the EU Member States as well as the selected third counties as a comparative assessment.Read the report
Cornell University, INSEAD and WIPO report on energy innovation. The report focuses on analysing the energy innovation landscape and identifying possible breakthroughs in areas such as energy production.Read the report
European Commission report assessing the bilateral preferential trade framework.Read the report