The economic relations between Turkey and Italy

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. The results from data analysis demonstrate that the bilateral economic relationships between the countries possess a considerable importance in terms of trade and the foreign direct investment issues. However, the population of immigration among those countries was surprisingly seen much lower than expected. With regard to the economic volatility in Turkey, the reasons were originated from crises, sanctions and governmental issues. Even if the bilateral relations were also negatively influenced by Turkey’s unbalanced economy, both of countries strive to increase the volume of trade facilities and ease of doing business in their own countries under the favor of mutual political relations every passing day. In conclusion, the article gives an opportunity to understand the strong ties and the cultural closeness coming from the past and, by analyzing current economic and politic relations to prove that Turkey and Italy are just more than friends.