History of YOIKK

Turkey developed its own structure for reforming the investment climate. In order to rationalize bureaucratic procedures and reduce red tape, a comprehensive reform program was launched in 2001 by Council of Ministers Leading Decision. Reform program is being implemented by two platforms which provide a channel to reflect views and priorities of the international and national private sector representatives.

The Coordination Council for the Improvement of the Investment Environment (YOIKK) has become a key structure where private sector makes contributions in the process of improving investment climate. The Council conducts its agenda with the help of 12 Technical Committees working on specific issues with participation of both public and private institutions. YOIKK is described as a success story of public-private platform in international arena.

YOIKK aims to rationalize the regulations on investments in Turkey, develop policies by determining the necessary arrangements that will enhance the competitiveness of the investment environment, generate solutions to the administrative barriers encountered by the domestic and international investors in all phases of the investment process including the operating period.