Written question asked by Lord Patten (Conservative) on Monday, 5 September 2016, in the House of Lords. It was due for an answer on Monday, 19 September 2016. It was answered by Lord Price (Conservative) on Monday, 19 September 2016 on behalf of the Department for International Trade.

Turkey: Overseas Investment

Question: To ask Her Majesty’s Government what is their assessment of the implications for inward investment in Turkey by UK companies and financial institutions of the attempted coup of 15 July.

Answer: The attempted coup of 15 July came as a surprise to everyone including UK investors in Turkey. The democratically elected government remains in power. Its policies, relating to international investors, remain the same or have been improved, with the aim of encouraging more foreign direct investment. UK investors were quick to confirm their intention to maintain or enhance their investments. We have consulted widely with the UK investor community, their message is clear; they are in Turkey for the long term and do not believe the events of 15 July have altered the economic fundamentals or the business case for continuing to invest in the market.

Secondary information