Country registers exports worth $9.1B in first 23 days of June amid pandemic
Turkey’s exports rose 34.3% year-on-year to reach $9.1 billion in first 23 days of June, the head of the Turkish Exporters’ Assembly (TIM) said on Wednesday.
As part of cooperation between the TIM and Turkish private lender Is Bankasi, exporters will be provided credit packages of up to $500 million, Ismail Gulle said in a meeting.
Exporters will benefit from low-interest rate credit packages,while positive discrimination will be available for woman exporters, he added.
The interest rate will be 8.4% for credits up to 1 million Turkish liras (nearly $150,000), and 1.05% for foreign currency loans.
In May, Turkey’s exports dropped 40.9% to $10 billion on a yearly basis, due to the economic fallout from the coronavirus pandemic.
He said that the number of online trade fairs, which surged during the pandemic process, will rise.
In April, credits used for exports reached 196 billion Turkish liras ($28.6 billion), Gulle noted.
Adnan Bali, the head of Is Bankasi, said the bank cooperated with the TIM to create a strong Turkey in international markets.
The bank determined the lowest rates possible for supporting exporters, Bali underlined.