Establishing Joint Ventures In Turkey

The considerable increase of foreign investors into the market, particularly in the form of joint ventures has played a significant role in the reform and liberalization of the laws governing foreign investors as part of Turkey's economic program adopted after 2001. These reforms have been significant in Turkey's pursuit for EU accession. Today, Turkey boasts the 17^th largest economy in the world attributable to its commitment to sustain a strong economic framework to foster an environment enabling businesses to prosper. Alongside other factors, its outward-oriented economic development strategy has spurred Turkey to adopt investment incentives that have certainly been a contributing factor to the increase of investment. This has also expedited the process in which foreign investors are able to establish joint ventures in Turkey.