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TIM President: The number of exporters will triple in 10 years

Central Bank Governor Sahap Kavcioglu’s emphasis in the latest Inflation Report on the disruptions in the supply chain and on the target of becoming a country with a current account surplus by becoming Turkey’s production base had an echo on the exporters side. Turkish Exporters Assembly (TIM) President Ismail Gulle stated that the country’s exports were $50 million in 1923 and said, “Today, it goes to $220 billion. We are determined to bring Turkey into an economy with a foreign trade surplus.” Gulle stated that the post-global crisis period will be a new leap period for Turkey and gave the following information: “Turkey will increase its exports to over $300 billion annually in the next 5 years. Today, the number of our exporters has reached 100 thousand. We want to increase this to 130 thousand in 5 years and 300 thousand in 10 years.”

FOREIGN TRADE DEFICIT MAY TURN INTO SURPLUS

Noting that it is possible for Turkey to turn the foreign trade deficit and indirectly the current account deficit into a surplus in the medium and long term, Istanbul Ferrous and Non-Ferrous Metals Exporters’ Association President Tahsin Oztiryaki said, “Of course, the most critical issues here are to take steps on the raw material and energy side. By using these ways, we can close the current account deficit. Incentives are given in these matters. We, as a few sectors, have a foreign trade surplus. There are also studies and steps taken on the production of intermediate products. We can say that we have reached a positive picture there. But of course, we have to solve the energy and raw material problem in order to have a surplus.”

Source: Sabah / Translated by Irem Yildiz

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