International business

Turkey attracted $2.8 billion net foreign direct investment (FDI) in the first quarter of the year with a 1.9 percent year-on-year increase, data from the Economy Ministry showed on May 23. 

A total of $1.6 billion FDI entered into the country in March, according to the ministry data. 

Turkish companies' foreign direct investment (FDI) outflow has increased by 10 times over the past 15 years, according to an index released on May 17.

This year's edition of the Foreign Direct Investment Confidence Index is titled Glass half full. It finds that while business executives are increasingly worried about the negative effects of politics, they are nevertheless optimistic with regards to the global economy and the opportunities that foreign direct investments bring.

After two important visits to India and Russia, President Recep Tayyip Erdoğan's planned destinations for next week are China on May 14-15 and the United States on May 16-17. Then he will visit Brussels to attend a NATO summit. In Brussels, a high-level meeting with the European Union is also likely.

Customs and Trade Minister Bulent Tüfenkci has backed the World Trade Organization's (WTO) first-ever multilateral trade agreement, saying it would help developing countries boost their exports.        

Turkey received $457 million in foreign direct investment in February, the Economy Ministry stated in a report on April 24.        

Foreign investment in Turkey reached $1.059 billion in the first two months of this year, down by 34.3 percent compared with the same period last year.        

Protectionist trade policies may increase, rather than reduce, a country's trade deficit, the European Central Bank said in a study on March 22, just days after finance chiefs of the world's top 20 economies dropped their pledge for open trade.

Turkey attracted $12.1 billion in foreign direct investment (FDI) in 2016, higher than expected in light of the latest developments in both Turkey and the surrounding region, a top association announced on Feb. 24. 

Australia and New Zealand said on Jan. 24 they hope to salvage the Trans-Pacific Partnership (TPP) by encouraging China and other Asian nations to join the trade pact after U.S. President Donald Trump kept his promise to pull out of the accord. 

United States President Donald Trum has signed an executive order that initiates his country's pullout of the Trans-Pacific Partnership (TPP).

The TPP, a cornerstone of his predecessor Barack Obama's political doings, has never been ratified by the Congress whose members have given it a mixed reception.