International Investment Summit began organized to improve the efficiency of international companies in Turkey and the country’s investment attractiveness. According to the statement of the International Investors Association (YASED), YASED which has members from 30 countries and 15 sectors and represents the 85 percent of direct international investments to Turkey, brought together the world’s leading international investors for the first time in its online International Investment Summit, in its 40th year.
International Investment Summit, sponsored by SAP, Boeing, Fiat, Kale Group, OYAK Renault Automobile Factories and PepsiCo and SOCAR Turkey, will last until Friday December 7. The summit will be one of the most important summits in the field with panels and speeches attended by valuable and well-known names of the global investment environment.
At the YASED International Investment Summit, senior state representatives, senior executives of multinational and international companies, academics and futurists will come together to interpret the challenges to be encountered in the global investment environment, global supply chains, digitalization, impact investments and entrepreneurial ecosystem.
‘’ Turkey is a second home for us’’
Aysem Sargin, the president of YASED stated that every investment needs stability and predictability. Reminding that YASED was founded 40 years ago, Sargin said:
‘’ 40 years of YASED is a testament to the commitment and confidence shown by members of the doubt to Turkey. We even have members whose investments date back to the Ottoman period. All this time, Turkey has always been a friendly investment direction. It’s really a second home for us
Turkey developed business culture and access to key markets with its growing economy, young and talented workforce; Turkey has provided us with significant opportunities.
As Turkey’s international companies, we contribute to the growth of Turkey’s exports and R&D via high value-added manufacturing, business opportunities. We continue to believe that Turkey’s strong potential and we look forward to contribute to success in the coming years. ‘’
‘’ The global market will continue to offer new opportunities to investors. ‘’
Reminding that the United Nations defines the new type of coronavirus (Covid-19) epidemic as “a supply, demand and policy shock for the global economy and international direct investment”, Sargin said:
‘’ Investors face a global shock in this size and time for the first time. This reflected in the first half of 2020 as a 49 percent decline in global international direct investments. Now, we see that this shock will create long-term change in the global economy. Business world, decision makers, Supervisors and civil society must be more innovative than ever to transform for the better. We have learned that common challenges such as pandemics or climate change require global cooperation. The ongoing epidemic reminded once again that all countries in the world are interconnected.
Today’s trends are changing and investors are trying to catch up with today’s changing dynamics as they prepare to remain competitive in the post-epidemic period. For international direct investment, we expect the downward trend to continue for at least a few more years. But, like everything else, international direct investment will transform and improve. We anticipate that some trends will rise, such as regionalization, domestic investment, nationalization of production and reshaping of the global supply chain. We know that despite all these changes, the global market will continue to offer new opportunities to investors. ‘’
source: AA / translated by Melisa Karayusufoglu