The main objective of this dissertation is to examine the economic relations detailly between Turkey and Italy from past to present and to describe Turkish Economy and business environment of Turkey from the global point of view by applying relevant economic terms. In order to achieve the objective of this thesis, a qualitative research methodology was used during the study. Both primary and secondary resources were applied in terms of collecting adequate and reliable information. The primary resources were acquired from government documents, statistical data and research reports, while journal articles, books, encyclopedias relevant dissertations were used to obtain the secondary resources.