I believe in the strategic power of Turkey.
Investment potential, business opportunities, legal processes and disputes in all three countries were discussed at the ‘Turkey, Italy and USA Trade, Investments and Arbitration Panel’ organized by the Italian Embassy, Italian Chamber of Commerce and Industry Association and ILIDA International Law Investments and Development Association. .
Italy’s Ambassador to Ankara, His Excellency Giorgio Marrapodi, said, “Turkey’s position and importance is an indication that it will always have strong economic and political ties with the world,” while Livio Manzini, President of the Italian Chamber of Commerce and Industry, said, “If Turkey were an EU member state, Germany and “It would be the third largest economy in the region after Italy. This opportunity still exists,” he said.
The Italian Embassy, Italian Chamber of Commerce and Industry Association and ILIDA International Law, Investments and Development Association brought together the most important names of the field with a panel with high added value, where investment and business opportunities in Turkey, Italy and the USA were discussed.
President of the Presidency Investment Office Ahmet Burak Dağlıoğlu, President of the Italian Chamber of Commerce and Industry Association Livio Manzini, President of the International Law Investments and Development Association of ILIDA Atty. Arzu Ongur, President of the Union of Turkish Bar Associations Erinç Sağkan, UNIDROIT President Maria Chiara Malaguti, lawyers registered with the New York and Rome bar associations shed light on the investment and dispute issues of the three countries from the Venice Palace in Istanbul.
“I believe in Turkey’s strategic power”
Italy’s Ambassador to Ankara, His Excellency Giorgio Marrapodi, used the following statements in his speech at the panel: “The strong relations between Italy and Turkey date back to the Ottoman Empire. These relations have increased gradually in the past centuries. The collaboration of Florentine and Ottoman bankers, Rome and Istanbul.” “I believe in Turkey’s strategic power and potential, its importance for Europe and the future of its close relations with Italy. Turkey has a high young population and is a country that invests heavily in education. In addition, Europe’s opening to the Middle East is still continuing. It is very important to build personal relationships and bridges that will last for centuries. Turkey’s position and importance is an indication that it will always have strong economic and political ties with the world. The importance of international trade and communication tools such as energy and telecommunications is increasing day by day. We must provide macroeconomic initiatives to our companies. Solving problems for investors We have to give effective tools to the death.”
“If Turkey was a member of the EU, it would be the third largest economy of the union”
Livio Manzini, President of the Italian Chamber of Commerce and Industry, emphasized that the bilateral trade volume between Turkey and Italy has increased to 23 billion dollars. Manzini said, “If Turkey were an EU member state, it would be the third largest economy of the union.” It corresponds to 36 percent of the investment. We need to look at the investment. Although the pandemic has damaged, the entry of foreign investment into Turkey has reached good points. Italy has reached the third place in foreign country investments in Turkey with nearly 5 billion industrial investments. First of all, the United States of America “Europe, including its states, wants to break away from China. Loyalty to China has reached alarming proportions and the desire for trade from nearby geographies has increased as supply chains have been damaged by the pandemic. The point we should focus on is the USA and the EU. Since this is a production base, we also bring it to other potential countries.” These include Africa, the Middle East, Iraq, Azerbaijan, etc. Turkey has become a major production point. Germany is currently the largest production center in Europe. Italy comes second. If Turkey were a member of the European Union, it would be the third country in this ranking. Its land, people and industrial infrastructure are suitable for this. As long as an environment is created where foreign investors can see their way.”
“We are on the way to become the center of the region in production and logistics”
President of the Presidency Investment Office Ahmet Burak Dağlıoğlu also said that the commercial relations between Italy and Turkey are in balance. Dağlıoğlu said, “Turkey’s long-term economic success and its involvement in the international supply chain are in question. Many sectors such as the industrial sector, the chemical sector, the food and beverage sector operate in sync with world trade. Amazon’s $100 million investment in Turkey “This is an example. This situation clearly shows that Turkey is moving towards becoming a power center in the region as a logistics and production point. Financial investors are also increasing. Start-up companies continue to attract investments from international giants and invest in Turkish technologies.” used the phrases.
“There are over 2,000 Italian companies in Turkey”
Among the speakers of the panel was Erinç Sağkan, President of the Union of Turkish Bar Associations. Sağkan said that the commercial relations between Turkey and Italy are also of great importance for the legal profession and continued as follows: “We follow with interest the strengthening and development of the commercial relations between Turkey and Italy. Italy is the second partner. When we consider the Mediterranean Region, it is the largest commercial partner. This close commercial partnership with Italy, with which we share the same sea, offers important opportunities in terms of the legal profession. There are over 2,000 Italian companies operating in Turkey. These investors need pre-investment consultancy We are aware of the fact that our colleagues will be consulted in many legal disputes that are likely to arise in our services and investment processes.Arbitration, which is one of the dispute resolution methods, provides opportunities for the settlement of disputes in a fair and fast manner, including international countries. moment an app.”
The decisive factors are transparency and fast resolution.
President of ILIDA International Law, Investments and Development Association, Atty. Arzu Ongur, on the other hand, emphasized that it is critical to resolve disputes in foreign investments quickly and transparently. Ongur said, “Turkey and Italy have significant trade investments and import-export balances. Italy is Turkey’s fourth largest trade partner worldwide. One of the most important issues is that these two countries have a very common cultural and political history throughout history. Arbitration is a very important institution. “It is one of the most important mechanisms that ensure fast, transparent and result-oriented resolution of disputes. Investors focus on two important issues. One is profitable and the other is safe investment. The only mechanism that can ensure safe investment is law and the rule of law.” used the phrases.