Foreign Trade Capital Companies (FTCC) of Türkiye |
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An important issue in the area of foreign trade is the introduction of new
"company models", creating a legal environment & organizational
basis, which enhances competitive strength of firms.
First step in this direction was the decision regarding "Foreign Trade
Capital Companies (FTCC)", introduced in 1984. Main aim of this regulation
was to encourage big-sized firms to organize and co-operate in the area of
exports. Due to this model, various companies established superior marketing
& promotion abilities in the world markets. These firms developed into
highly professionalized firms, which led the export boom in the 80’s and
served as institutions of education & training for future foreign trade
executive staffs.
Today the basic legislation, which sets up the legal basis for these
companies is the decree (2004/12) related to the status of the foreign trade
companies. This decree was published in the Official Gazette dated December 8th,
2004, but was effective on January 1st, 2005.
Within the framework of this decree, candidate firms are obliged to have a
paid in capital of 2 million New Turkish Liras and an export performance of 100
million US $ throughout the previous year.
Today there are 50 companies, which have the "Foreign Trade Capital
Company” status. In 2004, 29.31% of the 63 billion $ total export was
performed by these companies.
You may follow this link to see
the list of companies, which have the "Foreign Trade Capital
Company” status.
(Source: Undersecretariat
of the Prime Ministry for Foreign Trade Web Site)