Speech by the President of the Republic of Finland




 

SPEECH AT A DINNER HOSTED BY TÜSIAD
at the Ciragan Palace Hotel (Ottoman Cabinet)


First I would like to stress how fruitful these past days have been for Europe and Turkey in particular. Just a few hours ago the OSCE Istanbul Summit was brought to a successful conclusion and I am happy to say that congratulations are in order. The organisers did an excellent job and I am confident that all the participating states were pleased with the results of this Summit.

I would like to express my deep regret for the loss of lives in earthquakes both in August and a few days ago. Disasters have shaken the life of people in North-West Turkey and caused a lot of material damage. We, in Finland and in the European Union, pledge our continuous support to Turkey to cope with the damage. Finnish enterprises are also ready to co-operate with the Turkish authorities and business partners to supply material and equipment which is needed to alleviate the short-term problems caused by the earthquakes. They are also naturally prepared to participate in reconstruction work in different ways.

I have come to Turkey representing both Finland and the Presidency of the European Union - of which Finland is in charge until the end of this year. I am glad to say that our bilateral relations are on a solid basis. However, there is certainly room for intensifying our contacts and dialogue, be it political, cultural or economic. We are looking forward to more active cooperation that can benefit both of us.

The Finnish Presidency attaches great importance to improving relations between the EU and Turkey. Turkey is an important partner for the European Union, and we are committed to integrating Turkey further into European structures. This would benefit us both.

Turkey’s status in the enlargement process will be discussed at the forthcoming Helsinki Summit. We are working for a good result that can pave the way for even closer cooperation in the years to come. The aim is to place Turkey on an equal footing with the other candidates, bringing both benefits and obligations.

This evening will give us all a valuable opportunity to exchange views on bilateral trade relations and economic cooperation between Turkey and Finland. This evening is also a demonstration of the good connections of the TÛSIAD, our host tonight, to whom I want to express warm thanks for arranging this dinner.

For me, this evening provides an opportunity to share with you some thoughts about how to develop our bilateral economic and trade relations. I am confident that you will agree with me when I say that on that score we have already come a long way, but there is scope to do much more and better. I am also delighted to see again many important players in the Turkish-Finnish business circles with whom I had a chance to meet briefly in Helsinki a short time ago.

Trade and economic cooperation between our countries have developed briskly since Finland joined the EU at the beginning of 1995 and Turkey was included in the European customs union one year later. I am happy to say that even before that many Finnish enterprises had long-term relations with Turkish business partners, and during the past four years those trade ties and business interests have been further strengthened.

Turkey's recent industrial development and the establishment of a customs union has also attracted more and more Finnish investors to Turkey. Currently 12 Finnish companies have established operations in Turkey. This may sound rather modest, but let me add that over 50 Finnish companies are represented here through local agents.

Tonight we have here a very representative collection of business leaders from Finnish companies which are active on the Turkish market. Around this table we have representatives of Nokia and Sonera from the telecom sector. Then we have Kone Corporation, which makes elevators and cranes, and Metra-Wärtsilä, which makes diesel engines. The Metso Corporation is also represented. We also have here tonight the chairman of the Finnish-Turkish Business Association, who is also representing Polydata, a specialist in the construction sector. Last but not least the Confederation of Finnish Industry and Employers, instrumental in the shaping of the Finnish business delegation, has sent a representative. This composition reflects the current presence and also the potential presence of Finnish expertise on the Turkish market.

Turkey is Finland's most important non-EU export market in the Mediterranean. Our enterprises look forward to cooperating with their Turkish customers and partners in many sectors, of which some are new. I will not try to mention them all. They cover, among other things, environmental management in electricity production; forestry development, including fighting forest fires; supplies for construction such as elevators, cranes, construction components and elements, and complete housing modules; pre-fab houses; diesel engines for decentralized energy production and marine use.

Finnish enterprises have been active in Turkey and that is why the latest trade figures show that Finnish exports to Turkey are rising. The balance of trade shows a surplus for Finland, but the balance of tourism and investments made by Finnish companies in Turkey level the surplus significantly. Turkey continues to figure as one of the favourite holiday resorts for Finns. This field has good prospects in the future as well. I wish to encourage Turkish enterprises to be more active in Finnish markets. Finland is always interested in studying new possibilities and sectors in which to improve economic relations with Turkey and also possibilities for co-operation in third countries. To Turkish companies, I would like to point out that Finland has a lot to offer investors, too.

Trade and economic cooperation between Finland and Turkey have experienced an encouraging development and diversification during this decade. Many factors have contributed to this. Let us keep this process in motion. Let us all raise our glasses to constructive and positive efforts that lead our countries and the whole of Europe into the new millennium.

Thank you very much!