‘Visa regime hinders trade for small firms’

Turks’ inability to obtain visas to Schengen countries violates the principles of the promotion of small and medium enterprises in the European Small Business Act (SBA), Turkey’s deputy technology minister has said.

“The visa barrier undoubtedly prevents trade” for small and medium enterprises (SMEs), Davut Kavranoğlu said during an Oct. 7 press meeting on the SBA and its application in Turkey that was organized by Turkey’s Confederation of Businessmen and Industrialists (TUSKON).

The European SBA, rather than a law, is a strategy that consists of 10 principles established to guide countries while SME policies are being formulated at the national and European Union level, said the EU’s Turkey delegation undersecretary, Tibor Varadi. “These are ‘a second chance’ for honest entrepreneurs that face bankruptcy to establish a better business.”

Sixty percent of Turkey’s annual exports, or $130 billion, are made by SMEs, the deputy minister said. “With their dynamic production, flexible structures and openness towards changes, SMEs are the key to get out of crisis, rather than be victims of economic crisis.”

Friday, October 7, 2011
ISTANBUL- Hürriyet Daily News