West Yorkshire Business Boost

Masterclass: Doing Business with Turkey

21 August 2024

Delivered by West Yorkshire Business Boost

 

Overview

With a Free Trade Agreement in place since 2021, total trade between the UK and Turkey is growing rapidly. In the year to the end of Q1 2023, the fastest-growing component of our bilateral trade was UK exports, up by 41.9% to £9.1 billion, out of a total of £23.8 billion.

The agreement ensures preferential trading terms for UK businesses. Among the UK’s most valuable exports to Turkey are mechanical power generators, metal ores, and cars. We also import a wide range of goods from Turkey, including road vehicles of all types, consumer electricals, and clothing.

Turkey straddles both Europe and Asia and borders a range of countries. Its strategic location means it can function as a springboard for UK companies to do business in markets such as Central Asia and the South Caucasus.

Aim of the Masterclass

The masterclass aims to give delegates an overview of Turkey and its markets for UK exporters, along with practical know-how to enable them to do business successfully there.

This masterclass is suitable for company managing directors, directors, senior managers, sales managers and marketing managers.

Masterclass Objectives

Delegates will receive an overview of Turkey’s market landscape – social, digital and regulatory. As a result, they should be better placed to develop a robust strategy for collaborating with partners in Turkey; grow sales; avoid pitfalls; and estimate costs and incomes. Up-to-date information will be shared, with real-life illustrations
from a range of sectors.

Masterclass Content

Morning session

  • Turkey – a view from the UK in 2024
  • Employment, governmental, immigration, legal, marketing, regulatory and taxation landscapes
  • Cost of doing business
  • Importing into the UK from Turkey
  • Pitfalls which await the unwary and the unprepared

Afternoon session

  • How to prepare and research the requirements for doing business with Turkey
  • How to ensure products are competitive – landed cost analysis
  • Incoterms® - the risk, cost and obligations for a shipment
  • Export documentation
  • Turkey customs procedures and regulations
  • Using the UK-Turkey trade agreement for preferential import
  • Compliance with the Rules of Origin
  • Sources of information

Presenters will include Turkey-specialist partners, both UK based and in-market.

Benefits

Delegates will come away from this masterclass with a clearer understanding of how to do business in Turkey. They will be better placed to develop an export strategies for growth within the market, as well as being more prepared to avoid pitfalls, and estimate costs and incomes.

Delegates will also realise the benefits of understanding document requirements and how to take advantage of the Free Trade Agreement in place between the UK and Turkey. The workshop will provide an excellent foundation for all delegates to start, develop and grow their business with Turkey.

 

*West Yorkshire Business Boost is delivered by Exemplas & key partners, funded by West Yorkshire Combined Authority through the UK Shared Prosperity Fund. 

 

Date: 21 August 2024

Time: from 9:30am to 4:30pm

Venue: Online via Zoom

This event is part of a programme, only available to West Yorkshire SMEs, funded by West Yorkshire Combined Authority through the UK Shared Prosperity Fund. 

To register to the West Yorkshire Business Boost Programme and book your place, CLICK HERE. 

 

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