Coup attempt won’t affect FDI flow into Turkey: Association
ISTANBUL - Anadolu Agency
REUTERS photoThe coup attempt in Turkey will not have any effect on the stance of foreign investors about the country, according to the head of the International Investors Association (YASED), who added it was time to take steps to strengthen democracy and the rule of law in the country.
“We do not expect the devastating developments over the weekend will have any effect on the stance of international investors about Turkey. The road has opened to take steps that will further strengthen our democracy and the rule of law. Such steps will enable foreign investors to have more confidence in Turkey,” said YASED head Ahmet Erdem.
He noted foreign investors made long-term investment decisions and their actions showed their confidence in the country where they invested.
Erdem said that as the foreign direct investors in the country, they were against any intervention in the functioning democracy.
“We are very happy that the coup attempt against a legitimate government - which was elected by the national will - the presidential office and the constitutional institutions failed,” he added.
He noted further steps to strengthen democratic rule and the rule of law should be taken now.
Meanwhile, Turkey became the 20th most popular destination for foreign direct investment (FDI) inflow in 2015, rising two spots from its 22nd ranking the previous year, a fresh report showed on June 21.
Turkey saw an FDI inflow worth $16.5 billion in 2015, a 36 percent increase from the previous year, rising by four points to 8th among emerging markets, according to the latest World Investment Report 2016 by the United Nations Conference on Trade and Development (UNCTAD).