YASED International Investors Association: We are proud that Turkey has climbed 17 ranks in the World Bank's Ease of Doing Business Index...

The World Bank released the "Ease of Doing Business Report 2019". In the World Bank's Ease of Doing Business Index, Turkey has risen 17 ranks compared to the previous year, and ranked 43 among 190 countries.

Ahmet Erdem, the Chairman of International Investors Association (YASED), indicated that it is a great success for Turkey to have risen 17 ranks in the 'World Bank's Ease of Doing Business Index'  compared to the previous year .The Doing Business Index is considered an important indicator for international investors.

In his written statement, Ahmet Erdem addressed the importance of the ground covered by Turkey in terms of ease of doing business in such a period when countries compete to attract more direct investments on a global scale, and said:

Turkey's rising of 17 ranks compared to the previous year in the World Bank's Ease of Doing Business Index is an indicator of very significant improvements made by Turkey in the relevant criteria and it is proof that  reforms have been implemented successfully. This result is very positive and an important development in terms of both new investments and the efficiency of maintaining current investments. Also, thanks to the reforms made in the criteria for ease of doing business, Turkey is one of the top 10 improving countries among 190 countries this year and has become the only country in this group from Europe.

The "Ease of Doing Business Report and Index" is a study released by the World Bank every year and is considered a guide by investors at the stage of making investment decisions. It grades the applications which provide ease in terms of companies in many fields such as company establishment, foreign trade processes, obtaining loans, tax payment, enforcement-bankruptcy and construction permit processes. The countries, which improve within the specified  criteria in the World Bank's Ease of Doing Business Index, increase their competitiveness in terms of attracting investments.

To improve business conditions, highly intense work has been performed recently on the Coordination Council for the Improvement of The Investment Environment (YOIKK) platform. YOIKK is one of the most successful examples of the public-private sector collaboration tasked to improve the business and investment environment in Turkey. Under the auspices of our Chairman, YOIKK has recently gained an effective and efficient structure. Its coordination is made by the General Directorate of Incentive Practices And Foreign Capital within the Ministry of Industry and Technology of Turkey. This success is a result of focused and well-coordinated activities.

We sincerely express our gratitude to the Vice Prime Ministers, the Ministers and their teams for the relevant period who directed YOIKK and enabled it to achieve this success. As YASED, we have also made significant contributions to these activities in YOIKK for over 16 years and continue to do so. We thank and congratulate TOBB (Turkish Union of Chambers and Commodity Exchanges), DEIK (Foreign Economic Relations Board), TIM (Turkish Exporters Assembly), TUSIAD (Turkish Industry' and Business Association) and MUSIAD (Independent Industrialists’ and Businessmen’s Association) with which we have worked in cooperation and harmony to contribute to the development and improvement of Turkey's economy.

I would like to indicate that, as YASED, we will continue to support, with all our strength, the economic and legal reforms which will carry Turkey even further in all areas thanks to our members' international knowledge and experience.

 

Yours faithfully,

Ahmet Erdem
Chairman of YASED (International Investors Association)


With contributions of Vodafone