The World Trade Centers Association and the Union of Chambers and Stock Exchanges of Turkey sign a Memorandum of Understanding to foster the promotion of international trade
Partnership offers close collaboration on creating international business opportunities with WTCA members in Turkey
NEW YORK, July 28, 2022 /PRNewswire/ — The World Association of Trade Centers® (WTCA®)an international trade organization connecting more than 300 World Trade Center® (WTC®) sites in nearly 100 countries, has signed a memorandum of understanding with The Union of Chambers and Commodity Exchanges of Turkey (TOBB) last week on July 21to formalize its cooperation in facilitating and promoting global trade by combining the strengths of the global networks of TOBB and WTCA.
TOBB is the highest legal entity in the country of Türkiye, representing and guiding the private sector. It consists of 365 local chambers of commerce, industry, maritime commerce and commodity exchanges in 81 provinces and 160 counties, involving 1.5 million businesses. TOBB represents the Turkish business community on the international stage and helps small and medium-sized enterprises (SMEs) to access foreign markets.
Turkey is open to international investment and hopes that the MOU and the power of the WTCA global network – as well as its existing WTC business in Ankara and Istanbul – can help boost business investment in the country and support trade efforts. Together with WTC Istanbul and WTC Ankara, the WTCA is delighted to also collaborate with TOBB in Türkiye to support mutual strategic initiatives and the growth of the WTCA network in Türkiye.
The Memorandum of Understanding establishes a privileged partnership between the WTCA and TOBB. Joint activities will focus on:
Organization of incoming and outgoing trade missions.
Mutually provide support for incoming and outgoing trade missions to members of each party.
Increased WTCA outreach efforts in Turkey.
Exchange networking opportunities that will benefit WTCA members.
“I am proud that together with WTC Istanbul and WTC Ankara, we have created a unique partnership with TOBB strengthening our respective organizations in their efforts to promote and facilitate international business opportunities. The partnership between WTCA and TOBB will be extremely beneficial for both parties,” said Robin van PuyenbroeckWTCA Executive Director – Business Development,” and the memorandum of understanding between the two entities will usher in a new era of international business collaboration in a region that sits at the crossroads of Europe, Asia and Africa.”
“Under this MoU, exports of goods and services, joint investments inside and outside the country are extremely important. We are working to bring more direct investment into our country,” said Rifat Hisarcıklıoğlu, chairman of TOBB. “With this MOU, the necessary platform will be provided for cooperation among our members. I hope this agreement will be beneficial for the business community in our country.”
Mr. van Puyenbroeck also added: “Our mission to facilitate and promote trade is now more important and relevant than ever. This is not just a business project, but a peace through trade project to bring the business community together.
World Association of Commerce Centers (WTCA)
Telephone: +1 212 432 2644
Email: [email protected]
Telephone: +1 917 331 4855
Email: [email protected]
About the World Trade Centers Association (WTCA)
The World Trade Centers Association (WTCA) is a network of more than 300 highly connected and mutually supportive companies and organizations in 92 countries. As the owner of the “World Trade Center” and “WTC” marks, the WTCA grants exclusive rights to these marks for members to use in conjunction with their independently owned iconic commercial properties, facilities and service offerings. Through a strong portfolio of events, programs and resources it offers to its members, the WTCA’s goal is to help local economies thrive by encouraging and facilitating trade and investment through the world through member engagement. To learn more, visit wtca.org.
About Union of Chambers and Commodity Exchanges of Turkey (TOBB)
The Union of Chambers and Stock Exchanges of Turkey (TOBB) is Turkey’s umbrella organization representing the private sector. Small, medium and large companies from all sectors are members of TOBB. TOBB has more than 1.8 million member companies of chambers and commodity exchanges. Today, TOBB has 365 members in the form of local chambers of commerce, industry, commerce and industry, maritime commerce and commodity exchanges.
TOBB also has sector councils in 61 different sectors. In 2005, TOBB established a university. Over the years, it has become one of the most successful universities in Türkiye. TOBB has created a think tank, TEPAV. TEPAV focuses on economic policy issues. TOBB is a member of an extensive international network of chambers; EUROCHAMBRES, Islamic Chambers, Confederation of Asia Pacific Chamber of Commerce, D8 CCI, Turkish Chamber of Commerce and Industry. For more details, please see “TOBB in Brief” at: https://www.tobb.org.tr/ozetleTOBB/ozetletobb-en.pdf.
SOURCE World Association of Malls