Turkey is the 13th
largest economy
in the world

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.

Turkey is a familiar territory for UK businesses

trade volume

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.

Turkish Innovation Resources

Doing business in Turkey: Turkey trade and export guide

Department of International Trade (DIT) guide on areas such as challenges, growth potential, and opportunities for UK business in Turkey.

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European Innovation Scoreboard 2019

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.

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Global Innovation Index 2019

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.

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Enhancement of EU-Turkey bilateral trade relations & modernisation of EU-Turkey Customs Union 2016

European Commission report assessing the bilateral preferential trade framework.

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