"Turkey's rapid rise in the Ease of Doing Business Index by the World Bank reveals its actual potential"
Ayşem Sargın, the Chairperson of International
Investors Association (YASED), commented on the rise of Turkey by 10 rows to
the 33rd rank in this year's version of the Ease of Doing Business Index by the
World Bank. Expressing their satisfaction with this rise, Sargın underlined the
contribution of focused cooperation by the public and private sector to this
achievement. Touching upon the importance of the consultation mechanism
created by the Coordination Council for the Improvement of Investment
Environment (YOİKK) in the field of investment between the public and private
sector, Sargın said that they believed the introduction of the Framework Investment
Legislation and the FDI Strategy covered by YOIKK as well as the Judicial
Reform and other reforms would bring Turkey to higher echelons in the ease of
doing business list.
According to the World Bank's report on the Ease
of Doing Business Index (Doing Business 2020), Turkey rose by 10 rows to the
33rd rank. Rising by 17 rows in the previous year's report, Turkey left behind
countries such as Switzerland, the Netherlands, Portugal and Italy with its
2-year performance. Remarking on Turkey's rising trend on the ease of doing
business, Ayşem Sargın, the Chairperson of International Investors Association
(YASED), stated that the report gave an important message to the business world
with regard to Turkey.
Stressing that the public and private sector's cooperation
and targeted work underlie this achievement, Sargın remarked that the
Coordination Council for the Improvement of Investment Environment (YOİKK) was
a very valuable platform guiding the communication of the public and private
sector in the field of investment and many other areas. She also went on to say: "We are all
very pleased to achieve such successful results. As YASED, we continue to
contribute to many significant activities concerning investment under YOİKK.
Our goal is to increase International Direct Investments fueling the
sustainable growth of Turkey and meeting its financing needs in a permanent
manner. We consider the Ease of Doing Business Index as important in terms of
its message to the investors we would like to attract as regards the business
environment in our country and we believe that the rise in this index will
positively contribute to investments. Turkey's rapid rise in the Ease of Doing
Business Index by the World Bank reveals its actual potential."
Bureaucratic processes will be shortened
Indicating that Turkey's share out of global FDI is
under its actual potential, Sargın stated that many successful activities were
performed in the background apart from the Ease of Doing Business Index. Sargın
added: "The Judicial Reform Strategy Document, the first component of the
Judicial Reform, has been adopted. Such developments are positively welcome by
investors. Issues such as the shortening of bureaucratic processes and the
simplification of taxes are other items in the agenda. Predictability is at the
top of the list for us. We are working in cooperation with our Presidential
Investment Office on two important efforts that would positively contribute to
investors in this area under YOİKK platform. We believe that we will make considerable
progress in investment competitiveness with the introduction of projects such
as 'the Framework Investment Legislation' and 'the FDI Strategy'."