Turkey – EU : High Level Economic Dialogue – Final Communique.

AB – Türkiye Yüksek Düzeyli Ekonomik Diyalog Nihaî Bildirisi


AB ve Türkiye’deki yabancı doğrudan yatırımların teşviki ile yeşil ve mavi ekonomiler dâhil olmak üzere yatırımların önündeki engellerin kaldırılması; AB ve Türkiye arasındaki büyük potansiyel ve yatırımların daha fazla teşvik edilmesine yönelik eylemlerin geliştirilmesine ilişkin diyaloğun sürdürülmesi; Yatırım alanındaki hedefleri yakalamak için Avrupa Yatırım Bankası, Avrupa İmar ve Kalkınma Bankası ile Avrupa Konseyi Kalkınma Bankası başta olmak üzere, bölgesel ve çok taraflı yatırım ve kalkınma bankalarının kritik rolü…

Türkiye-AB Yüksek Düzeyli Ekonomik Diyalog Toplantısı


In the meeting between the Heads of State of European Union Member States and the Turkish Government on 29 November 2015 in Brussels, it was agreed that Turkey and the EU would work on the establishment of a High Level Economic Dialogue mechanism which would contribute to further enhancement of economic relations and create a business platform to bring business circles together.

Accordingly, the first meetings of the High Level Economic Dialogue (HLED) have been held on 25-26 April 2016. The Dialogue offered the opportunity for a substantial bilateral economic debate which resulted in an improved understanding of each other’s policy priorities and increased opportunities for mutually beneficial co-operation.

The HLED events were attended by Mr. Jyrki KATAINEN Vice President of the European Commission for Jobs, Growth, Investment and Competitiveness, Mr. Pierre MOSCOVICI, EU Commissioner for Economic and Financial affairs, Taxation and Customs, Mr. Johannes HAHN, EU Commissioner for Neighbourhood policy and Enlargement, Mr. Karmenu VELLA, EU Commissioner – Environment, Maritime affairs and Fisheries.

On the side of the Government of Turkey, Deputy Prime Minister Mehmet Şimşek chaired the event with participation of Mr. Volkan Bozkır, Minister of EU Affairs and Chief Negotiator, Mr. Mustafa Elitaş, Minister of Economy, Mr. Bülent Tüfenkci, Minister of Customs and Trade, Mr. Binali Yıldırım, Minister of Transport, Maritime Affairs and Communications.

The EU-Turkey Business Dialogue event, co-organised by the Ministry of EU Affairs of Turkey, Undersecretariat of Treasury of Turkey and the EU Delegation to Turkey in cooperation with the Union of Chambers and Commodity Exchanges in Turkey (TOBB)/Economic Policy Research Foundation of Turkey (TEPAV), brought ministers of the Government of Turkey in charge of economic policy-making and EU relations and their counterparts from the European Commission together with major Turkish and European business community representatives for the first time, allowing for direct discussions on matters falling within the remit of the HLED. The event that took place in İstanbul on 25 April 2016 was followed by a Conference on Foreign Direct Investments and Investment Climate together with Turkish and European business leaders, NGOs and researchers.

The economic dialogue at governmental level took place in Ankara on 26 April 2016. This event mainly focused on Investments, Structural Challenges and Policies in the EU and Turkey and Economic Situation and Macro-Fiscal Policies in the EU and Turkey.

EU – Turkey High Level Economic Dialogue Final Communique
April 26, 2016, Ankara

Turkey – European Union (EU) Summit of 29 November 2015 marked a new beginning yielding concrete results such as re-energizing accession process which constitutes the backbone of Turkey-EU relations, acceleration of visa liberalization dialogue, burden sharing in migration management, updating Customs Union and high level dialogue in the areas of common interest such as economy, energy as well as international issues.

As an important part of this process the European Union and Turkey held the first High-Level Economic Dialogue (HLED) in Istanbul and Ankara on 25-26 April 2016, which was co-chaired by Deputy Prime Minister Mehmet Şimşek and Vice President of the European Commission Jyrki Katainen. The EU delegation included Commissioners Pierre Moscovici (Economic and Financial Affairs, Taxation and Customs), Johannes Hahn (Neighbourhood Policy and Enlargement Negotiations) and Karmenu Vella (Environment, Maritime Affairs and Fisheries); the Turkish delegation included Ministers Volkan Bozkır (EU Affairs and Chief Negotiator), Mustafa Elitaş (Economy), Bülent Tüfenkci (Customs and Trade), Cevdet Yılmaz (Development and Binali Yıldırım (Transport, Maritime Affairs and Communications).

The High-Level Economic Dialogue aims to further enhance the economic relations, which have been significantly improved as a result of the Customs Union between the EU and Turkey, through developing a mutual understanding of economic policies and structural reform agendas. The first day included an EU-Turkey Business Dialogue in Istanbul where officials from the Commission and Turkish Government, and representatives of major Turkish and European businesses came together and focused on how to create a better business environment and deepen bilateral trade and investment links. The second day of the HLED was held in Ankara where ministerial-level discussions were held about the outlook for the EU and Turkish economies and the need for an ambitious reform agenda.

Ministers and Commissioners noted that global economic growth is weak and the outlook is challenging with risks mainly on the downside. Volatility in financial markets, geopolitical tensions, terrorism and refugee crises continue to weigh on the economic prospects both globally and regionally. Against this backdrop, both parties exchanged their views on these challenges, and noted that all available policy levers should be employed to achieve strong growth, sustainable development and balanced economy.

Ministers and Commissioners underlined the importance of reforms to address structural deficiencies and support potential growth in both the EU and Turkey. In this regard, they had an exchange on the structural reform efforts of the EU and welcomed the progress achieved in major reform areas. Both parties also noted the structural reform agenda for Turkey and the implementation track record of the Program for 2016.

The discussions put special emphasis on investment, in particular the Investment Plan for Europe, the promotion of foreign direct investments in the EU and Turkey, and addressing obstacles to investment, including in the green and blue economies. There was a common understanding on the great potential between the EU and Turkey, and agreement to continue their dialogue to develop measures to further promote investments.

To meet the ambitions in the investment area, Ministers and Commissioners reiterated the crucial role of regional and multilateral investment and development banks, in particular the European Investment Bank, the European Bank for Reconstruction and Development and the Council of Europe Development Bank, and welcomed their operational, financial and capacity building contributions.

Ministers and Commissioners welcomed the strengthening of relations between the EU and Turkey as stated in the Turkey – EU Summit of 29 November 2015 and further recognized the merits of the High Level Economic Dialogue and agreed to meet next year in Brussels. [Kaynak/Source]

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