Foreign Economic Relations Board (DEIK) is an organization of the business community, which aims for the “high value added” integration of Turkey and the Turkish private sector with the globalization process.
Having assumed the duty of “managing the foreign economic relations of the Turkish private sector” according to Article 58 of Law No. 5174, DEIK has 750 member companies, 38 founding institutions, 109 business councils, 113 Commercial and/or Industrial Chambers and Commodities Exchanges representatives and 3 foreign representations as of March 2012.
Vision, Approach and Value Propositions
DEIK’s vision of Turkey is a country, which can shape economic and political developments regionally or globally in strong cooperation with its public and private sectors and civil society; which has sustained macroeconomic stability; which is globally competitive with leading entrepreneurs and brands; which is capable of producing high technology and innovative; which has a significant share in world trade; which is an important global investment, finance and R&D center, exhibiting highest standards in all fields.
DEIK has a holistic approach to foreign economic relations. DEIK actively operates in all commercial, investment and services areas including exports, imports, inward foreign direct investment and outward foreign direct investment, international construction, energy-related issues, banking and logistics.
DEIK’s value propositions are: to give consultancy to public institutions and organizations where necessary; to help companies penetrate deeper into their current markets or to access new markets; to organize international events; to set and execute strategies for foreign economic relations; to generate information much-needed by the business community; to work towards attracting more foreign direct investment into Turkey; to help companies expand their national, regional and global networks; to organize training programs with a view of building corporate capacities for companies willing to become global players; to support public diplomacy and to act as a catalyst in developing bilateral and multilateral social relationships, chiefly among these cultural and artistic activities; to represent the Turkish business community before international and multinational organizations; and to lobby for Turkey in international platforms.
Foundation and Historical Background
DEIK was established in 1986 by the directive of the President Turgut Ozal under the leadership of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and commenced operations as of January 1, 1987. Its mandate is “to help Turkish companies do business in foreign countries, and to ensure the coordination of the private sector in foreign relations”, “in principle to guide the private sector” and “to establish business delegations and organize meetings within the scope of formal visits ”.
The first business councils established during those years of economic sensitivity within DEIK, which came to act as a bridge between our companies and the world outside, were the Turkish-American and the Turkish-Japanese Business Councils. Giving priority to promoting relations with the European Economic Community (EEC) during its first years in operation, DEIK later turned its focus on establishing business council mechanisms and promoting relations with the Eurasian region following the dissolution of the Soviet Union; the Middle East and North Africa when the countries of the region started opening up to foreign markets and adopting development policies; the Gulf Region in the course of rising energy prices; the countries of Asia-Pacific amid their demographic and macro-economic transformations; and, as of 2000, Africa and Latin America thanks to the strategic initiatives taken by the Ministry of Foreign Affairs and Ministry of Economy. DEIK aims to organize effectively all around the world, chiefly in countries with Turkish Embassies.
DEIK’s Organizational Structure
DEIK has Founding Institutions composed of business institutions with intensive activities in the domain of foreign economic relations. It is through these founding institutions that DEIK coordinates the foreign economic relations of the private sector; and it is these institutions that DEIK aims to provide utmost service.
Elected by the General Assembly for a period of two years DEIK’s Board of Directors is responsible for ensuring coordination among the Business Councils, as well as supervising DEIK’s activities. DEIK’s Board of Directors is composed of the opinion leaders of the business community, chairpeople of the most influential business institutions, internationally-acclaimed professionals and chairpeople of the Chambers of the major towns of Anatolia. The Chairman of TOBB is also the Chairman of DEIK. The Board of Directors elects 9 representatives who form DEIK’s Executive Board. The Chairman of the Executive Board is the Deputy Chairman of the Board of Directors. DEIK’s Board of Auditors is composed of members from the General Assembly delegates.
It is through its Business Councils that DEIK establishes corporate cooperation. There are three types of business councils: Country Business Councils, Sectoral Business Councils and Special Purpose Business Councils.
Found in 100 countries in 8 regions under regional coordinatorships (in Africa, America, Asia-Pacific, Eurasia, the European Union, Southeast Europe, the Gulf and the Middle East), Business Councils are established through cooperation agreements signed with foreign counterparts with the purpose of promoting business relations with these countries.
Business Councils consist of two sides, one is the Turkish side and the other one is a counterpart institution in the relevant country, which is usually a representative body of the country’s private sector. Councils meet regularly each year at Joint Meetings.
Each Business Council within DEIK has its own General Assembly and each General Assembly elects its own Executive Committee every two years. The Executive Committee members then elect the Chairman for a period of two years. Executive Boards of the Business Councils meet at regular intervals to discuss cooperation opportunities, challenges and current developments. Business Councils may also establish sub-committees and working groups.
Having established business councils only at the country-level until 2009, DEIK founded its one and only Special Purpose Business Council, the World Turkish Business Council, in 2009 with the purpose of gathering all Turkish entrepreneurs in the world under its roof. Then came the first Sectoral Council, Health Tourism Business Council, in 2010 with the purpose of turning Turkey into a health tourism center, and commenced its activities with the participation of all stakeholders in health tourism, especially of the leading hospitals in Turkey. “Higher Education Business Council” was established in 2011 to turn Turkey into a regional and international center for education, with concentration on university education.
The Turkish side of Business Councils are formed by member companies, which have already undertaken business relations, or which plan to develop such relations with the relevant country. Turkish companies are free to take part in any of the Business Councils which are divided into 8 different regions under the Secretariat General of DEIK. In this respect, one Turkish company may join more than one group of Business Councils by appointing more than one representative. Thus DEIK has more than 1600 Council representatives from more than 750 member companies. DEIK shares approximately 2000 informative notes/memoranda with its members and provides services from bidding and buying platforms to matching companies in order to support the business promotion activities of its membership base.
The World Trade Organization (WTO), the World Bank (WB), the European Bank for Reconstruction and Development (EBRD), the Asian Development Bank (ADB), the Organization for Economic Cooperation and Development (OECD), the Multilateral Investments Guarantee Agency (MIGA), the Asian Development Bank (ADB), the Islamic Development Bank (IDB) and Developing 8 (D-8) are some of the international institutions with which DEIK tries to develop its cooperation and to work toward building new opportunities for the Turkish business community.
DEIK attaches special importance to organize events with an international focus. DEIK’s Turkish-American Business Council organizes an “Investment Conference” in New York every year where high-level Turkish and US government and private sector representatives analyze the current state of affairs in the Turkish economy and the corporate world as well as providing an outlook on the investment opportunities. The Business Council also organizes its Joint Annual Conference with ATC (American Turkish Council) on Turkey-US Relations in Washington DC for the past 30 years. The German Investment and Cooperation Conference, aiming to promote bilateral trade and collaboration between Turkish and German SMEs, is organized with strong German partner institutions. Another traditional and international DEIK event is the “London Finance and Investment Congress” which brings together the world’s top international financial institutions each year in London.
Another major regional business and economics event organized by DEIK is the “Turkish-Arab Economic Forum”, realized in cooperation with Al Iktissad Wal Aamal Group under the patronage of the Prime Ministry of Turkey bringing together a select group of speakers and participants from Turkey, the Arab world, and other countries, including high-ranking government officials and policy makers, banking finance, trade and industry leaders.
DEIK also works towards developing strategies for issues within the context of foreign economic relations. DEIK provides information about the economies of the countries the Turkish businesspeople operate in and shares opportunities for cooperation via its reports. DEIK maintains a business portal that gives comprehensive information about the Turkish economy and DEIK’s activities to foreign businesspeople. Publications such as “How to do business: Investors’ Guide to Turkey” and “Turkish Business Outlook”, a series of Doing Business Guides, and various sector reports are prepared by DEIK. Establishing various platforms on the internet, DEIK maintains www.healthinturkey.org to boost Turkey’s health tourism potential; www.dtik.org.tr to enable all Turkish entrepreneurs around the world to communicate over a single portal; www.turkey-now.org to inform the world about Turkish economy; and www.delovayaturtsia.org published in Russian.
In order to provide a wealth of information to businesspeople following the current developments in the world, DEIK cooperates with important research institutions and leading publications.
Attaching as much importance to “competencies” as it does to “activities”, DEIK launches corporate initiatives gauged according to the ever-changing needs of the era and works to build competencies in areas such as export of services, cross investment, and building exportation and financial capacities of SMEs, which fall within the scope of foreign economic relations. Such functions of DEIK are undertaken and guided by the Secretariat General as well as “working groups” composed of DEIK members.
DEIK SECRETERIAT GENERAL AND REPRESENTATIVE OFFICES
DEIK’s Secretariat General carries out necessary activities such as research, coordination and organization for all Business Councils. DEIK’s Secretariat General manages and supervises all the activities of the Business Councils and their relations with other private sector institutions, embassies and ministries as well as counterpart institutions. The Secretariat General is also responsible for setting up, coordinating and supervising all relations with international and regional economic, financial, research institutions and universities.
DEIK’s headquarters is located in Istanbul and it has representative offices in Washington, Moscow, and Ankara. DEIK also has representatives with the Chambers of Industry and Commerce in 108 major industrial cities in Turkey and the Turkish Republic of Northern Cyprus.
Chairman of Board of Directors: M. Rifat Hisarciklioglu
Chairman of Executive Board: Rona Yircali
Secretary General: Bahri Can Çalıcıoğlu
LIST OF BUSINESS COUNCILS
Turkish – Eurasian Business Councils
Turkish – Afghan Business Council
Turkish – Azerbaijani Business Council
Turkish – Belarussian Business Council
Turkish – Georgian Business Council
Turkish – Kazakh Business Council
Turkish – Kyrgyz Business Council
Turkish – Mongolian Business Council
Turkish – Moldovan Business Council
Turkish – Uzbek Business Council
Turkish – Russian Business Council
Turkish – Tajik Business Council
Turkish – Turkmen Business Council
Turkish – Ukrainian Business Council
Turkish – European Union Business Councils
Turkish – German Business Council
Turkish – Austrian Business Council
Turkish – Belgian Business Council
Turkish – Bulgarian Business Council
Turkish – Czech Business Council
Turkish – Danish Business Council
Turkish – Estonian Business Council
Turkish – Finnish Business Council
Turkish – French Business Council
Turkish – Dutch Business Council
Turkish – British Business Council
Turkish – Irish Business Council
Turkish – Spanish Business Council
Turkish – Sweden Business Council
Turkish – Italian Business Council
Turkish – Latvian Business Council
Turkish – Lithuanian Business Council
Turkish – Hungarian Business Council
Turkish – Maltese Business Council
Turkish – Portuguese Business Council
Turkish – Polish Business Council
Turkish – Romanian Business Council
Turkish – Slovak Business Council
Turkish – Slovene Business Council
Turkish – Greek Business Council
Turkish – Asia Pasific Business Councils
Turkish - Australian Business Council
Turkish – Bangladesh Business Council
Turkish – Chinese Business Council
Turkish – Indonesian Business Council
Turkish - Philippines Business Council
Turkish – Korean Business Council
Turkish – Indian Business Council
Turkish - Hong Kong Business Council
Turkish - Japanese Business Council
Turkish - Cambodian Business Council
Turkish – Malaysian Business Council
Turkish - Nepalese Business Council
Turkish – Pakistan Business Council
Turkish – Singapore Business Council
Turkish – Thailand Business Council
Turkish – Taiwanese Business Council
Turkish – Vietnam Business Council
Turkish – New Zealand Business Council
Turkish – Southeastern European Business Councils
Turkish – Albanian Business Council
Turkish – Bosnian Business Council
Turkish – Croatian Business Council
Turkish Montenegrin Business Council
Turkish – Kosovo Business Council
Turkish – Macedonian Business Council
Turkish – Serbian Business Council
Turkish – Gulf Business Councils
Turkish – UAE Business Council
Turkish Bahraini Business Council
Turkish Qatari Business Council
Turkish – Kuwaiti Business Council
Turkish – Omani Business Council
Turkish – Saudi Arabian Business Council
Türk-Yemen İş Konseyi
Turkish – African Business Councils
Turkish – Angolan Business Council
Turkish – Algerian Business Council
Turkish – Ethiopian Business Council
Turkish-Gambian Business Council
Turkish – Moroccan Business Council
Turkish – Ghanaian Business Council
Turkish – South African Business Council
Turkish – Libyan Business Council
Turkish – Egyptian Business Council
Turkish – Mauritanian Business Council
Turkish – Nigerian Business Council
Turkish – Rwandan Business Council
Turkish – Sudanese Business Council
Turkish – Tanzania Business Council
Turkish Tunisian Business Council
Turkish – Ugandan Business Council
Turkish – Kenya Business Council
Turkish – American Business Councils
Turkish – American Business Council
Turkish- Argentinian Business Council
Turkish -Brazilian Business Council
Turkish – Canadian Business Council
Turkish- Chilean Business Council
Turkish – Colombian Business Council
Turkish- Equatorian Business Council
Turkish- Mexican Business Council
Türkish – Peruvian Business Council
Turkish – Venezuelan Business Coucil
Turkish – Middle Eastern Business Councils
Turkish – Palestinian Business Council
Turkish – Iraqi Business Council
Turkish – Iranian Business Council
Turkish – Lebanese Business Council
Turkish – Syrian Business Council
Turkish – Jordanian Business Council
Independent Business Councils
Turkish – Israeli Business Council
Turkish – Swiss Business Council
Turkish-Turkish R.N.Cyprus Business Council
Special – Purpose Business Councils
World – Turkish Business Council
Sectoral Business Councils
Health Tourism Business Council
Higher Education Business Council
THE UNION OF CHAMBERS AND COMMODITY EXCHANGES OF TURKEY (TOBB)
ASSOCIATION OF TURKISH ACCREDITED HOSPITALS (AHD)
TRADE COUNCIL OF SHOPPING CENTERS & RETAILERS (AMPD)
PACKAGING MANUFACTURERS ASSOCIATION IN TURKEY (ASD)
ASSOCIATION OF ANATOLIAN BUSINESSMEN (ASKON)
TURKISH SHIPBUILDERS ASSOCIATION (GİSBİR)
YOUNG EXECUTIVES AND BUSINESSMEN'S ASSOCIATION (GYİAD)
THE ASSOCIATION OF REAL ESTATE INVESTMENT COMPANIES (GYODER)
ECONOMIC DEVELOPMENT FOUNDATION (İKV)
PHARMACEUTICAL MANUFACTURERS ASSOCIATION OF TURKEY (İEİS)
ASSOCIATION OF TURKISH BUILDING MATERIAL PRODUCERS (İMSAD)
CONSTRUCTION INDUSTRIES AND EMPLOYERS' ASSOCIATION (İNTES)
ASSOCIATION OF TURKISH FURNITURE MANUFACTURERS (MOSDER)
INDEPENDENT INDUSTRIALISTS AND BUSINESSMEN'S ASSOCIATION (MÜSİAD)
BANKS ASSOCIATION OF TURKEY (TBB)
ECONOMIC POLICY RESEARCH INSTITUTE (TEPAV)
THE CONFEDERATION OF TURKISH TRADESMEN AND CRAFTSMEN (TESK)
TURKISH EXPORTERS' ASSEMBLY (TİM)
THE PARTICIPATION BANKS ASSOCIATION OF TURKEY (TKBB)
Turkish Enterprise and Business Confederation (TURKONFED)
TURKISH CONTRACTORS' ASSOCIATION (TMB)
ASSOCIATION OF TURKISH CONSULTING ENGINEERS AND ARCHITECTS (TMMMB)
ASSOCIATION OF THE INSURANCE AND REINSURANCE COMPANIES OF TURKEY (TSRSB)
THE ASSOCIATION OF CAPITAL MARKET INTERMEDIARY INSTITUTIONS OF TURKEY (TSPAKB)
YOUNG BUSINESSMEN ASSOCIATION OF TURKEY (TUGİAD)
CONFEDERATION OF YOUNG TURKISH BUSINESSMEN (TUGIK)
TURKISH-ARAB COUNTRIES BUSINESSMEN ASSOCIATION (TURAB)
INFORMATICS INDUSTRY ASSOCIATION (TÜBİSAD)
ALL INDUSTRIALISTS’ AND BUSINESSMEN’S ASSOCIATION (TUMSİAD)
TURKISH HOTELS FEDERATION (TÜROFED)
ASSOCIATION OF TURKISH TRAVEL AGENCIES (TÜRSAB)
TURKISH INDUSTRIALISTS' AND BUSINESSMEN'S ASSOCIATION (TÜSİAD)
TURKISH TOURISM INVESTORS ASSOCIATION (TYD)
UNION OF TURKISH CHAMBERS OF AGRICULTURE (TZOB)
TURKISH – FRANCHISE ASSOCIATION (UFRAD)
INTERNATIONAL TRANSPORTERS’ ASSOCIATION OF TURKEY (UND)
INTERNATIONAL INVESTORS ASSOCIATION (YASED)