Lord Patten – 2016 Parliamentary Question to the Department for International Trade

The below Parliamentary question was asked by Lord Patten on 2016-09-05.

To ask Her Majesty’s Government what is their assessment of the implications for inward investment in Turkey by UK companies and financial institutions of the attempted coup of 15 July.

Lord Price

The attempted coup of 15 July came as a surprise to everyone including UK investors in Turkey. The democratically elected government remains in power. Its policies, relating to international investors, remain the same or have been improved, with the aim of encouraging more foreign direct investment. UK investors were quick to confirm their intention to maintain or enhance their investments. We have consulted widely with the UK investor community, their message is clear; they are in Turkey for the long term and do not believe the events of 15 July have altered the economic fundamentals or the business case for continuing to invest in the market.