Turkey’s strategic location connects Europe, Asia, and the Middle East, making it a hub for global trade. Its strong manufacturing base and diverse exports, including textiles, automotive parts, machinery, and IT services, make it an attractive partner for international businesses.

Turkey excels in:

• Textiles: Clothing and home furnishings.

• Machinery and Automotive Parts: Industrial equipment and vehicle components.

• Electronics and Chemicals: Consumer electronics and industrial chemicals.

• IT and Professional Services: Software development, engineering, and consultancy.

Due diligence helps mitigate risks by verifying a supplier’s:

• Commercial Records: History, ownership structure, and compliance.

• Production Capabilities: Ability to meet quality and volume requirements.

• Financial Stability: Solvency to fulfil orders without delays.

Key clauses include:

• Payment Terms: Detailed provisions on payment methods and penalties for delays.

• Dispute Resolution: Prefer Turkish courts or arbitration for faster outcomes.

• Intellectual Property (IP) Protection: Secure proprietary designs and trademarks.

To maintain quality control when importing goods from Turkey, consider the following steps: Pre-Production Samples: Request prototypes to verify quality. Third-Party Inspections: Hire independent inspectors to monitor production.

• Letters of Credit: Secure transactions between buyer and seller.

• Escrow Accounts: Safeguard funds until conditions are met.

• Milestone Payments: Break payments into instalments tied to production progress.

To mitigate fluctuations in the Turkish Lira:

• Monitor exchange rates regularly.

• Use hedging strategies for large transactions.

Ensure compliance with:

• Export/Import Regulations: Turkish export and destination country’s import laws.

• Product Labelling and Certification: Standards like CE marking for electronics.

• Customs Documentation: Properly filled documents to avoid delays or penalties.

• Incoterms: Clearly define terms like FOB (Free on Board) or CIF (Cost, Insurance, and Freight).

• Shipping Insurance: Protect goods in transit from potential damage or loss.

• Lead Times: Plan realistic timelines for production and delivery.

• Cultural Awareness: Understand Turkish business etiquette and communication styles.

• Site Visits: Visit suppliers to strengthen trust and assess capabilities.

• Risk Mitigation: Diversify suppliers and include force majeure clauses in contracts.

CCS Law provides:

• Supplier Due Diligence: Assessing risks and verifying reliability.

• Contract Drafting: Ensuring comprehensive, enforceable agreements.

• Regulatory Compliance Advice: Navigating customs and legal requirements.

• Dispute Resolution Support: Representing clients in Turkish courts or arbitration.

You can reach CCS Law via:

• Phone: +44 (0) 203 576 2076

• Email: info@ccs.law

• Office: Central House, 1 Ballards Lane, London, N3 1UX

Submit your query through our online form for expert guidance.