The mission has been organised by UK Trade & Investment (UKTI)to help companies explore the prospects in what is one of the fastest growing markets in the world.
Over £175 million worth of goods were exported to Turkey from the East of England over the 12 months to the end of September 2014.
During the mission companies will get the opportunity to take part in high level networking events with technology, renewable energy and healthcare companies and meet with potential local partners and companies one-to-one.
The companies will also take part in a special networking reception at the British Consulate in Istanbul with Minister for Trade & Investment, Lord Livingston.
Lord Livingston said:
“The Turkish Government is aiming to break into the world’s top 10 economies by 2023, and with trade between the UK and Turkey now worth over £10 billion a year the opportunities for UK companies are huge. We need to continue this success and market visits like this can be great door-openers for UK companies, so it is exciting to see the businesses on the trip seizing the initiative.”
Cambridge-based air conditioning company Invisible.AC, secured a place on the week-long trip.
The company, which offers innovative air conditioning, heating, venting and filtration solutions for homes, hotels, offices and retail outlets, is looking to identify a national distributor and have a demonstration installation operational within Turkey within the next 12 months.
The company, based at the St John’s Innovation Centre in Cambridge, designs and manufactures small duct high velocity technology products for customers worldwide and have their systems in countries including Spain and India.
Derek Noakes, Turkey expert for UKTI East, who is leading the mission, said:
"Joining UKTI on a mission offers companies a certain kudos. During the last 12 years Turkey has experienced rapid growth, with the national GDP trebling to $820 billion while the public debt has reduced by 36%. This sustainable growth indicates that Turkey is well on its way to becoming one of the largest economies in the world. What this means to UK companies is that Turkey is a very buoyant market where there is a high demand and need in all sectors, from consumer goods to industrial products as well as services. Generally speaking, Britain and its companies are very highly regarded in Turkey. Alongside this, Turkey offers a springboard to the markets of Central Asia and the Middle East."
Twenty-four companies in total will be on the mission. They will be in Istanbul from 23 to 27 February.
To find out more about UK Trade & Investment services in the East of England contact your local International Trade team:
Tel: 01707 398398
Email: [email protected]
Website: www.gov.uk/ukti
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