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Turkey

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Turkey
Map of Turkey

Country Facts

Nominal GDP819.94 Billion USD
Population75.38 Million
Total Trade/GDP57.95%
CurrencyTurkish Lira (TRY)
Merchandise Imports from Canada914.82 Million CAD
Canadian direct investment824 Million CAD
Main importsFuels, Chemicals, Machinery & Equipment, Transportation Equipment

EDC in Turkey

Canadian companies assisted178
International buyers insured470
Business volume1,834.38 Million CAD

Business Environment

Turkey is the largest and most important market for EDC in the Eastern Mediterranean region, evidenced by the opening of our Istanbul representation in 2011.  The country's economy is increasingly driven by its industry and service sectors, although its traditional agriculture and textile sectors remain important employment drivers.  Privatization of national assets is a growing trend creating investment opportunities for companies. Canada has a well established trade relationship with Turkey and the country has a relatively strong dependence on trade, also positioning itself as a regional hub. The country’s stable political climate and economic liberalization program has led to an increase in trade opportunities.  Further economic and judicial reforms and prospective EU membership are expected to boost Turkey’s attractiveness to foreign investors. Overall, there is great potential for trade and investment for Canadian companies  across a wide range of sectors.  

Key Industries

  • Construction & Infrastructure
  • Knowledge Based Industries
  • Medical Technology & Devices
  • Mining & Metals
  • Oil & Gas
  • Power
  • Transportation Services
  • Telecom

How we can support your business

Through our representation Istanbul, Turkey, we provide on-the-ground support to Canadian companies planning on or currently doing business in Turkey. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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