TIM President Gulle said, “We know that even though our neighbors Bulgaria and Romania have a total population of 25 million, these countries provide access to a wide market.”
Ismail Gulle, President of the Turkish Exporters’ Assembly (TIM), stated that Turkey’s export potential is much higher in ready-to-wear, processed foods and chemicals to Bulgaria, “(to Romania) We have a great export potential in ready-to-wear, processed foods and paper products.”
According to the statement made by TIM, TIM organized a “Virtual Trade Delegation” program that will offer opportunities for new cooperation and sales to participating companies in Bulgaria and Romania, and increase export figures in two countries.
The opening of the program, which took place under the coordination of the Ministry of Trade and with the organization of TIM, was made by Mehmet Tan, General Manager of Foreign Representatives and International Activities of the Ministry of Commerce, Aylin Sekizkok, Turkey’s Sofia Ambassador, Fusun Aramaz, Turkey’s Bucharest Ambassador and Ismail Gulle, President of TIM.
Speaking at the opening of the event, TIM President Gulle stated that they will reach the export target of $184 billion this year with the experience they have gained and the innovative steps taken, “We know that even though our neighbors Bulgaria and Romania have a total population of 25 million, these countries provide access to a wide market.”
Gulle made the following evaluations regarding Turkish investments in Romania and Bulgaria:
“Many cities of both countries are closer to the production centers of our country such as Istanbul, Tekirdag, Kocaeli and Bursa than Anatolian cities. Our cognates in the region also act as a bridge in our relations with these countries, strengthening the unity between us. Business people of our country have 65 large investments in Bulgaria. More than 3 thousand Turkish capital companies operate in the country.
In Romania, there are nearly 18 thousand companies with Turkish capital and 9 of these companies are among the 1000 largest companies in Romania. 9 companies have an annual turnover of over $1 billion. Both countries are a regional base for our companies. Companies producing in this country have the chance to export to the EU market without quota. I wholeheartedly believe that the cooperation established with both countries will continue to grow stronger in the upcoming period.”
“Exports to Romania and Bulgaria have increased significantly in recent years”
Ismail Gulle pointed out that exports to Romania and Bulgaria have increased significantly in recent years, and noted that exports to Bulgaria reached $1.8 billion in 2015, an increase of 49% last year, reaching $2.6 billion, while exports to Romania rose from $2.9 billion in 2015 to $3.9 billion in 2020.
Gulle said, “We see that mining products, chemicals and automotive sectors stand out in the imports of both countries. Our exports to Bulgaria are textile with $321 million in 2020, chemicals with $287 million, iron and non-ferrous metals sectors with $282 million. The sectors in which our exports to Bulgaria increased the most in 2020 were jewelry with $23.8 million (64% increase) and mining with $186.6 million (63% increase), fruits and vegetable products with $16.9 million (56% increase), fresh fruit and vegetables at $ 80.8 million (18% increase). Our export potential to Bulgaria in ready-to-wear, processed foods and chemicals is much higher.”
Stating that automotive with $696 million, steel with $572 million and chemical substances with $ 484 million ranked in the top 3 in exports to Romania, Gulle said, “Our sectors with the highest increase in exports to Romania were defense and aviation with $23.7 million (23% increase) and tobacco with $19.4 million (74% increase), Mining was $97.7 million (42% increase) and fresh fruit and vegetable $168.7 million (35% increase). Our export potential is also quite high in ready-to-wear, processed foods and paper products.”
Source: AA / Translated by Irem Yildiz