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Turkish defense industry, which is equipped with high technology systems and becoming more powerful due to its technological attempts and improved projects, recently has become a significant market for entrepreneurs and investors who are active in this field. Today, many investors get involved in defense industry projects or they provide materials and services as subcontractor or supplier of such projects.
1. What is “Offset Liability”?
Operations, which will be performed within the frame of procurement of product and services needed in defense area in order to increase manufacture, opportunity and capabilities of country’s industry and service sector and/or market shares/competitive power in international area and reduce the adverse impacts that can occur in balance of payments, are called offset.