Enhancing Canadian-Turkish trade relations through events, market insights, and advocacy.
The Canada-Türkiye Business Council (CTBC) is delighted to announce, “The Road to the Future - Canada-Türkiye Business Forum,” an event that will bring together Canadian and Turkish firms involved in the automotive value chain and advanced manufacturing. The CTBC Business Forum will be held on September 27, 2023, to coincide with ‘Automotive Day’ at the Canadian Manufacturing Technology Show (CMTS) at the same venue. Participants can take advantage of this unique opportunity to maximize networking and knowledge-sharing by attending both events under one roof on the same day.
The Business Forum will include panel discussions related to:
- The TOGG and ARROW Initiatives
- Critical Minerals for the Transportation Industry
- Technologies and Innovation for the Car of Tomorrow
- Business collaboration opportunities between Canada and Türkiye
The program also includes lunch and a networking reception.
Summary of Date & Venue Details
Wednesday, September 27, 2023
7:30 am – 3:30 pm (Business Forum)
3:45 pm – 5:30 pm (B2B Meetings)
5:30 pm – 7:30 pm (Networking Reception / Dinner)
To facilitate B2B meetings, the registration page includes a request for:
- Your firm’s web page address
- A short description of your firm’s core business
- A short description of the types of firms/niche sectors you hope to meet at the event
- Automotive Parts Market
- There is excellent potential for Canadian firms to export to, and invest in, the Turkish automotive sector:
- Türkiye is the 13th largest automotive manufacturer in the world, the 4th largest in Europe and the #1 source of vehicle imports into the EU.
- Multinationals are increasingly choosing Türkiye as a preferred hub for manufacturing and exports. This includes such well-known global brands as Ford, Fiat, Honda, Hyundai, Renault, Toyota and Mercedes-Benz along with Canadian auto parts company Magna.
- The Turkish automotive industry is now working to improve its R&D, design, and branding capabilities. As of 2022, 156 R&D and design centers belonging to automotive manufacturers and suppliers operate in the country.
- Türkiye is aiming to be a global hub for EV production. Already a producer of e-buses and coaches, its first fully electric automotive brand, TOGG, started production in late 2022. Ford Otosan produces its E-Transit van series in Türkiye for export to European markets. Türkiye is also positioning itself to become a major player in world battery production.
- The country is a major importer of parts and equipment, making vehicle production dependent on foreign companies for key components. This applies across the sector, including in the EV market where growing investments are expected to increase demand for related technologies as well as for OEM and aftermarket products.
- Advanced Manufacturing Market
- There is also strong potential for Canadian advanced manufacturing firms to collaborate with Turkish counterparts. According to Export Development Canada (EDC):
- Türkiye is already a major manufacturing hub and has production capabilities in diverse industries, including automotive, defence, plastics, textiles, agri-food, pharmaceuticals, machinery, chemicals, cement, iron, and steel production. In 2021, more than 40% of its overall exports were to the European Union (EU). But these evolving industries don’t have the strategic technological infrastructure to ensure seamless integration into the EU ecosystems.
- Türkiye recognizes that it must modernize its manufacturing capabilities if it’s going to be an integral part of supply chains from developed economies, especially the EU.
- Over the next decade, Türkiye plans to invest approximately US$1 billion to US$1.5 billion annually to make the country a global production and technology centre for innovation and digital transformation.
- Its willingness to make the necessary investments to achieve this goal presents significant opportunities for Canadian technology companies that can provide innovative solutions in digitalization and advanced manufacturing.
In addition to identifying export and investment potential into Türkiye for Canadian firms, the Business Forum will also provide an opportunity to explore potential Turkish investments in the Canadian automotive parts and advanced manufacturing industries.