Published On: Sun, Jul 16th, 2017

Minister says Turkish economy will grow faster in the second quarter




Economy Minister Nihat Zeybekci delivered a speech in the semiannual evaluation meeting of the Turkish Exporters Assembly (TIM) on which occasion he commemorated with gratitude, those who lost their lives in the name of the future of the country to resist and block the treacherous coup attempt on July 15 last year by Fetö Terrorist Organization. Zeybekci stated that Turkey did not give up moving on its path despite the coup attempt and the Turkish economy was upright on the first working day after said attempt.

The minister explained that the Ministry of Economy worked to support exports and exporters more strongly and also stated that on the visit they paid to Iran the previous week they had discussions to add 120 products to the Trade Agreement which entered into force in January 2015 with a portfolio of 265 products.



The minister who said they had opened the Turkish Trade Center in Tehran added: “These centers are part of a project for which we have a budget of 3 million dollars for each center where a large number of exporters will be accommodated in the same building, with 70 per cent of the costs to be covered by us.

Zeybekci pointed out that they had launched a new export mobilization in 2016 with the support they started practicing to move on to a new phase in exportation and added that a consistent upward trend had been observed in exports since the last 2 months of last year.

The minister also referred to the positive developments in the first six months of 2017 in the world economy and said:

“The IMF forecasts that the world economy will grow 3.5 percent this year whereas this figure was 3.1 percent in 2016. After the 5 percent growth in Turkish economy in the first quarter of this year, improvements related to the 2017 growth forecast have been made. But even these improvements will not reach our growth rate by the end of the year. 2.2 percent of 5 percent growth in first quarter came from exports. We will see a bigger growth in the second quarter. We believe the contribution of exports to growth will continue in all four quarters.

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