Turkey's foreign trade volume to reach $500 billion

The Chairman of the Turkish Exporters Assembly (TIM) said Istanbul had become "a finance center," but must now become a center for innovation and design

Turkey's foreign trade volume to reach $500 billion

World Bulletin/News Desk

Chairman of the Turkish Exporters Assembly (TIM) Mehmet Buyukeksi stated Wednesday that Istanbul had a $200 billion value in foreign trade volume, and they aimed to increase it to $500 billion in 2023.

Speaking in Istanbul at the 4th Istanbul Finance Summit (IFS), officially sponsored by Anadolu Agency (AA), under the theme of "finance of sustainable expansion," Buyukeksi stated exports gained a 5% increase in 2013 and more than 3,600 Turkish companies have exported goods worth over $5 billion.  

"However within the top 1,000, only 62 companies are accessible to the public," Buyukeksi said, reminding they had held a meeting with the Borsa Istanbul CEO over the expansion of exporter companies.

He noted the latest statistics showed exports had increased from 26% to 45%, and the support to the exporters would advance the Turkish economy through employment and especially investment.

Indicating that Turkish Airlines (THY) helped increase foreign trade volume, Buyukeksi said it helped them make Istanbul "a finance center." He added they also aimed to make Istanbul also a center for innovation and design.

Turkish Deputy Prime Minister Ali Babacan, Turkish Minister of Development Cevdet Yilmaz, head of Malaysian Bank Negara Zeti Akhtar Aziz, Deputy Assistant Secretary of US Treasury department of Middle East and Africa Andy Baukol and British CEO of MRL corporation Ltd. attended the meeting.

Mehmet Buyukeksi is currently the chairman of TIM as well as member of the Board of Export Credit Bank (EXIMBANK) of Turkey, Turkish Airlines (THY), Istanbul Development Agency, Export Union of Istanbul Leather and Leather Products and Energy Efficiency Association.

Representing the dynamic exporters of the Turkish economy, the Turkish Exporters Assembly (TIM) was established in 1993. TIM represents 13 general secretariats with 60 exporters unions organized in region and sector wide and 26 exporters sectors. As an umbrella organization of exporters unions, TIM officially represents fifty seven thousand active exporters in Turkey, who are pioneers of competitive Turkish sectors and work globally.

 

Last Mod: 18 Eylül 2013, 12:57
Add Comment