Tag Archives: turkey

EU-Turkey: to upgrade Customs Union?


The request of the European Commission to modernise the existing EU-Turkey Customs Union is motivated by the necessity to adapt the contemporary EU-Turkey trade relations, raising substantially the beneficial for both parties.

With the evolution of the economic environment and the significant growth of EU-Turkey trade, the Customs Union that entered into force in 1996 is becoming less and less equipped to deal with the modern-day challenges of trade integration. The first EU-Turkey High Level Economic Dialogue last April underlined the potential of its modernisation. The modernisation and extension of the Customs Union could unlock further opportunities for EU companies in the agri-food and services sectors and the public procurement market. Respect of democracy and fundamental rights will be an essential element of the agreement.

Turkey is the EU’s 5th largest partner in trade in goods. The value of bilateral trade in goods has increased more than fourfold since 1996 and currently amounts to €140 billion annually. The EU has a positive balance of €17 billion. For Turkey the EU is the most important trading partner, representing 41% of Turkey’s global trade. Moreover, two thirds of foreign direct investment (FDI) in Turkey currently originates in the EU.

The upgrade of the EU-Turkey trade relation forms an essential part of the efforts made by the EU and Turkey to deepen their relations in key areas of joint interest identified at the EU-Turkey Summit of 29 November 2015 and in the EU-Turkey statement of 18 March 2016. By making this proposal, the Commission continues to deliver on the commitments it has made. (Source: European Commission)

Turkish stream: Gazprom rompt le contrat #business #gazprom #russia #turkey


Gazprom a annoncé la rupture de contrat avec Saipem concernant la construction du gazoduc Turkish Stream. Les négociations avec la Turquie traînent en longueur, ce qui empêche le lancement des travaux. Le ministre turc de l’Energie, Taner Yildiz, espère que ce document sera signé le plus vite possible.

Une filiale de Gazprom, South Stream Transport BV, a informé l’italien Saipem de la rupture du contrat portant sur la construction de la première branche du gazoduc Turkish Stream.

Cette décision est inattendue, notamment compte tenu du fait qu’un navire de cette compagnie italienne spécialisée dans la recherche et les forages pétroliers avait jeté l’ancre le 6 juillet près d’Anapa, en mer Noire, pour commencer les travaux.

South Stream Transport BV explique cette décision par la nécessité “d’arriver à un accord sur les questions pratiques et commerciales en ce qui concerne la réalisation du projet de Turkish Stream”. Les négociations avec la Turquie traînent en longueur, ce qui fait obstacle au lancement des travaux.

En raison de la rupture de contrat, Gazprom paiera à Saipem 300 millions de dollars pour la durée d’immobilisation de six mois, période écoulée depuis la suspension de South Stream. Les experts estiment que le groupe russe pourrait négocier le prix des compensations.

Gazprom avait auparavant signé un contrat sur les services de deux navires de forages de la compagnie italienne, Saipem — Castoro 6 et Saipem 7000 — pour la construction de la partie sous-marine de gazoduc South Stream. Ce projet a été abandonné début décembre 2014 et remplacé par le projet de Turkish Stream.

Le 8 mai, Saipem a annoncé le renouvellement de son contrat avec South Stream Transport portant sur la construction de la partie sous-marine du gazoduc Turkish Stream.

Lire la suite: http://fr.sputniknews.com/russie/20150709/1016924418.html#ixzz3fr6cgVnV


Turkey was holding the EUREKA Program chairmanship since July of last year. Recently, the chaimanship was handed over to Norway.  

Eureka - Copy

“EUREKA is a critical platform which supports international strategic partnerships formed by businesses, research centres and universities carrying out market-oriented research projects,” EUREKA Chairman Okan KARA stated. “Turkey was one of the founding members of EUREKA in 1985.  Though not actively taking part in the program until 2006, Turkey has been drawing a lot of attention in recent years with both increase in number of involved projects and critical technologies developed by Turkish companies through the programme,” Okan KARA added.


Throughout the Turkish EUREKA Chairmanship, Turkey moved up to 4th place from 11th among 42 countries

“Every company should think to benefit from the global cooperation and collaboration opportunities in which one of the opportunities is EUREKA Programme whose main agenda is to enhance the global cooperation in the scope of high technology product and processes” Okan Kara, former EUREKA Chairman, stated. “Turkey undertook the EUREKA Chairmanship; it is aimed to become very active towards the number of projects and ranked in top 10 EUREKA countries. As today with a great success, Turkey became the 4th country with respect to project number among the EUREKA Member countries. Turkey was ranked as 28th country in 2007, 11th country in 2012. Turkey is ranked in the 4th place after Germany, France and Spain with 48 projects. Hence Turkey is considered to be the “Shining Star” of the EUREKA Programme,” he continued. “In the period 2010-2012, 120 Turkish company took part in 42 projects with a total budget 50 Million Euros and more than half of these companies are SMEs which followed by large enterprises and universities. The rising technology area in Turkey is information and communication technologies which is followed by environment and biotechnology,” he added.


Creating tenfold value-added

“TUBITAK is responsible for the coordination of EUREKA Programme in Turkey and TUBITAK aims to increase the number of Turkish companies participated in the programme through organizing international brokerage events, information days and supporting Turkish companies for the development of project proposals” former Head of EUREKA Executive Group, Okan KARA stated. Okan KARA draws attention to the importance of the programme with an analysis showing that 1 million Euros public funding to a EUREKA Project creates 10 million Euros value-added. “Besides, this programme provides crucial technology transfer and international cooperation opportunities to the companies intending to run in the high-tech race,” he said.


Turkey has determined the R&D agenda of EUREKA Programme“During the EUREKA Chairmanship period, Turkish Chairmanship determined the R&D agenda of EUREKA Programme and developed strategies to adopt the programme for the future challenges” Okan KARA emphasized. “We endeavoured in order to turn the chairmanship into an opportunity for Turkish industry and SMEs through organizing so many international events in the scope of annual work programme. By this means, member states were aware of the R&D capabilities and potential of Turkish companies as well as increasing awareness of Turkish companies about the programme,” he added.

What is EUREKA ?EUREKA is a Europe-wide, bottom-up initiative which was established to enhance Europe’s competitiveness by supporting businesses, research centres and universities which carry out pan-European, close-to-market research projects. EUREKA offers flexible and decentralized support for innovative and close to market research and development projects by facilitating access to national public and private funding schemes. Over the 27 years since the foundation of EUREKA in 1985, more than 4000 projects and nearly 30 million Euro R&D volumes have been created. Also participation of SMEs has significantly increased and has risen to 50% level of total participation. Many important Turkish companies including Turkcell Technology, Turk Telekom and TUPRAS are board members of clusters focused on specific technology areas.