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Written question asked by Lord Patten (Conservative) on Tuesday, 18 October 2016, in the House of Lords. It was due for an answer on Tuesday, 1 November 2016. It was answered by Baroness Anelay of St Johns (Conservative) on Tuesday, 1 November 2016 on behalf of the Foreign and Commonwealth Office.


Turkey: Overseas Investment

Question

To ask Her Majesty’s Government what is their assessment of the political situation facing UK companies contemplating investing in Turkey.

Answer

UK companies are active in a range of sectors in Turkey, and the UK is consistently among the country’s top sources of foreign investment. The failed coup in Turkey on 15 July and its aftermath has had some short term impact, and the political situation remains challenging. The Turkish economy is well under-pinned and offers significant opportunities for investors in the medium and long term, particularly if the government proceeds with planned structural reforms.


Secondary information

Type
Written question
Reference
HL2416
Session
2016-17
Related items
Turkey: Overseas Investment
Monday, 21 November 2016
Written questions
House of Lords
Subjects
Politics and government Overseas investment Turkey
Link
View this Written question on www.parliament.uk