The coronavirus pandemic has changed many companies’ approach to doing business abroad. What has been the perception of Germany as a business location during these challenging times?
Dr.Thilo Pahl: Without doubt the pandemic has severely affected the global economy, and this development has negatively impacted German-Turkish commercial relations as well. Nonetheless, in our conversations with local business representatives, partners and members, we’ve had some significant, positive experiences. During the first peak of the pandemic, Germany has been the only country in Europe to which Turkish firms could still export their products and services. That was important for German-Turkish relations. There is enormous economic potential in intensifying cooperation between Turkey and Germany. Post-corona, when German companies reevaluate their supply chains, Turkey has a good chance to position itself as a new major supplier. Turkey has a broad and deep industrial foundation and excellent logistics infrastructure – these advantages have proven their worth during the corona pandemic.
Which German sectors are Turkish companies particularly interested in, and why?
Pahl: Companies in the construction industry are particularly interested in investing in Germany. Many Turkish companies are already involved in construction projects in Germany as subcontractors. Many of them would like to enter the German market directly, especially because Turkish companies can provide German firms with qualified specialists.