TÜSİAD, the Turkish Industry and Business Association (Turkish: Türk Sanayicileri ve İş İnsanları Derneği), is Turkey's top business organization.
Founded in 1971, TÜSİAD is a voluntary, independent, non-governmental organization dedicated to promoting public welfare through private enterprise. TÜSİAD promotes principles of participatory democracy, a competitive market economy, environmental sustainability, and universal freedoms and human rights. The Association supports independent research and policy discussions on important social and economic issues in Turkey and abroad. TÜSİAD is composed of CEOs and executives from major industrial and service companies in Turkey, including Fortune 500 companies. The current Chairman is Simone Kaslowski, and the Secretary-General (CEO) is Bahadir Kaleagasi.
TÜSİAD represents more than 4,000 member companies, which represent half of Turkey's value-added, 80% of Turkey’s total foreign trade volume, more than 50% of private sector employment, and 80% of corporate tax revenue.
TÜSİAD headquarters are in Istanbul, and there are seven representative offices: Ankara, Brussels, Washington, D.C., Paris, Berlin, Beijing, and London.
TÜSİAD's activities are structured around round tables led by members of the board of directors and 36 working groups.
TÜSİAD partners with the Brookings Institution, the German Marshall Fund of the United States, and the St. Petersburg International Economic Forum (SPIEF).[1]
TÜSİAD is a member of the Business and Industry Advisory Committee to the OECD (BIAC),[2] Global Business Coalition,[3] and BusinessEurope.[4]
TÜSİAD is considered Turkey's secular, pro-Westernization business organization (For its pious Muslim counterpart, see MÜSİAD).[5] In the early 2000s, TÜSIAD coordinated heavily with the newly elected AKP majority, with the shared aim of joining the European Union.[6] TÜSIAD is also credited with laying the groundwork for Turkish support for the Annan PlanonCyprus.[7] However, as the EU accession process began to deteriorate in 2006, then-Prime Minister Recep Tayyip Erdoğan's administration reversed course away from the EU, driving a wedge between the two. Since then, TÜSİAD has embarked on a project of public diplomacy, opening representative offices in European capitals and Washington, D.C. to engage and collaborate with relevant actors in the private sector and the general public.[5]
In June 2016, TÜSİAD released a statement criticizing a proposed law which would enhance the government’s authority to appoint boards of trustees for companies. The controversial article was later removed from the law.[8]
Turkish President Recep Tayyip Erdoğan has criticized TÜSİAD on multiple occasions. In April 2015, Erdoğan was critical of comments made about the Turkish economy.[9] In December 2014, Erdoğan criticized the organization for apparently sidestepping his office after then TÜSİAD President Haluk Dinçer explained the organization works with the prime minister and ministers whose business is related to the organization’s efforts, not the president.[10]
Though occasionally at odds politically with the ruling AKP, they are a united front on economic matters; immediately following the July 15th 2016 coup attempt, TÜSIAD took out ads in major world newspapers[11] and held high-level meetings with American and European think tanks, NGOs, and government officials in tandem with Turkish government officials in order to brandish Turkey's image abroad and reassure investors of Turkey's economic and political health.[5][12][13]
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