Turkey is one of the most prominent export oriented automobile markets in the world. The country is driven by high production volumes and a very high ratio of exports to production. Domestic market is characterised by tremendous demand potential, low penetration, and favourable regulatory policies. Supported by all these factors, the production growth of automobile production again increased in 2010 and sales grew faster than the previous year. It is expected that the sales of vehicles in terms of volume will increase at a CAGR of around 13.5% during 2011-2015.
Turkey off many accountings of world auto production, since it's in the international Top 10. Turkey is the world's best-kept secret: A place to build cars with a skilled workforce, close-by export markets and low overhead.
Ketenci&Ketenci advises international corporate clients on Turkish legislation. Our advise includes general corporate law advise as well as financing to M&As, joint ventures, commercial aspects , competition law, employment and intellectual property.