Our Company Consultant Sami Altinkaya's Article titled Foreign Exchange Entry is Difficult Without a Safe Harbor was Published in Dünya Newspaper on 09.05.2022

In order to find out the perspective of foreign capital on the economy of Turkey, it is a good method to talk to the Turkish managers of foreign companies investing in Turkey. We talked about foreign trade and economy with Serdar Aslan, General Manager of Ferdinand Bilstein TR Otomotiv.

As the manager of a one hundred percent foreign-owned firm based in Turkey, Arslan points out that foreign trade balances are deteriorating. Aslan  says that: “Trade wars between China and the United States, especially the increasing demand for energy and commodities, including food, then flooding and earthquake disaster and COVID-19 outbreak changed the course of life and broke the balance in the world unfortunately”.

Aslan said: venter of all kinds of cheap labor that export goods to the whole China, with all these developments, has opened the way for exporting “inflation” to the whole world in the last yearand pointed out that:  “Of course, China got his share of this when exporting inflation to other countries, and now China has ceased to be the center of cheap labor. Although there are products for your money in China, it was the center of production of all kinds of quality products, from the latest technology products to the cheapest sub-segment, but now the situation has changed.”

From the point of view of the company operating in the automotive parts sector, China has 2 competing countries. These are India and Turkey. Due to the fact that the same situation applies to India in the last period when shipping costs have almost doubled 4-5 times, Turkey has been has positive advantage recently in terms of its proximity to Europe.

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