New package to pave the way for investments in Turkey

Published 17.04.2016 21:55

Stating that they would submit a package to improve the investment environment to Parliament in a few weeks, Deputy Prime Minister Lütfi Elvan said that 10 points out of the 52-point action plan prepared by nongovernmental organizations (NGO) would be included in this package, and the procedures of the other points, excluding a few, would be completed by late June. Elvan made some evaluations regarding the second Coordination Council for the Improvement of the Investment Atmosphere (YOİKK) meeting held at the ministers' level in Ilgaz.

Stating that they evaluated the 52-point action plan one-by-one, prepared by NGOs in coordination with the Union of Chambers and Commodity Exchanges of Turkey, Elvan said that they decided which action would be conducted in which period and coordinated by whom. Indicating

10 points of the aforementioned action plan would be included in the improvement package submitted to Parliament, Elvan said: "We will take serious and concrete steps to improve the investment environment in 2016." Elvan also emphasized that both public and private sectors were working in harmony and unity in terms of improving the investment environment, adding that the next period would be better and brighter regarding the economy and investment environment. The package will be conducted under six titles. Accordingly, the government initially plans to make investments more attractive by carrying out various projects under this title. Secondly, the following discussion includes deterrent factors sending investors away from Turkey, and the precautions taken to prevent this.

Some suggestions regarding the workforce, the establishment of a competitive atmosphere and more effective operation of the labor force market were evaluated by the government individually. Another important issue taken under consideration is how the integration can be globally increased, and how financial access can be provided more easily and safely. Lastly, mechanisms that provide solutions in terms of labor disputes have been elaborately discussed as well as the revival of the mediation system. Issues that have been discussed but never revived for the past eight or 10 years, will be put into action by the government one-by-one within this three-month period.

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