Government-backed incentives for manufacturers in the 1990s and integration into the European Customs Union have transformed the Turkish automotive sector. Productivity and growth are high and with the removal of productivity constraints, a highly skilled labour force and increasing technological developments, the sector is attractive for joint ventures. It is estimated that over 60% of automotives and automotives parts are destined for the EU market, demonstrating Turkey's significant role in global supply chains.
Pekin & Pekin advises multiple automotive clients on Turkish legislation, from matters of financing to M&As and joint ventures, corporate and competition law, employment and intellectual property.
Team Leader: Ahmed Pekin