Ex-Im Bank :: Turkey Portal

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Ex-Im Bank Business Development Staff

Brian Sant Angelo
811 Vermont Avenue, N.W.
Room 1101A
Washington, D.C. 20571
1-202-565-3484

U.S. Government Contacts in Turkey

U.S. Embassy - Ankara
U.S. Consulate - Istanbul
U.S. Consulate - Adana
The U.S. Foreign Commercial Service in Turkey

The U.S. Commercial Service Turkey offers valuable assistance to help U.S. business to export goods and services to Turkey. The Commercial Service's trade specialists can help you identify trade opportunities, find local trading partners, counsel your company, and prepare market research reports and provide advocacy.

The American Chamber of Commerce in Turkey (The Turkish American Business Association)

Ex-Im Bank in Turkey: Overview

Ex-Im Bank is committed to supporting exports of U.S. goods and services to Turkey. Current exposure in Turkey is approximately $3 billion, representing Ex-Im Bank's fourth largest market (behind China, Mexico and Brazil). The expansion of the Bank's business in Turkey has followed the Turkish government's commitment to economic reform and the development of a hospitable investment climate. Annual authorizations for Turkey have averaged $225 million, a figure that should increase as the demand for U.S. capital goods and Turkish entities capacity to borrow continue to improve.

Ex-Im Bank's experience in this market has been very positive, marked by strong relationships with the Ministry of Finance, the Undersecretary of the Treasury and numerous private sector banks and companies. Ex-Im Bank is willing to work with credit-worthy buyers in both the public and private sectors on short, medium and long-term transactions. More information about Ex-Im Bank products and policies , as well as additional benefits available for limited recourse and aircraft transactions, can be found on our website.

In fiscal year 2004, Ex-Im Bank supported more than $240 million in financing for the Turkish market, including purchases of medical, transportation and power generation. Ex-Im Bank has supported large power projects in Turkey, including those in Ankara, Izmir, Zorlu, Gebze, Adapazari, and Marmara, all on a project basis. Ex-Im Bank has also provided financing in support of power plant expansions by several "autoproducer" and "generation" companies, including Zorlu Enerji, Nuh Enerji, Habas Sinai and Bis Enerji. Most recently, Ex-Im Bank authorized $160 million in financing for the purchase of U.S. good and services in support of the Baku-Tblisi-Ceyhan pipeline project. Going forward, Ex-Im Bank will continue to look for new avenues, such as our emergent municipal finance program, to support the development of Turkey's water, transportation and energy infrastructure.

Ex-Im Bank is also willing to work with Turkish companies participating in the ongoing reconstruction efforts in Afghanistan and Iraq. Although currently closed for routine transactions in Afghanistan, Ex-Im Bank could extend financing to a Turkish borrower purchasing U.S. goods or services who is ultimately selling to an Afghan buyer. Additionally, Ex-Im Bank can offer support for Turkish companies engaged in reconstruction efforts in Iraq through our $500 million short-term insurance facility with the Trade Bank of Iraq. .