Economy Minister says Turkey’s exports have increased by 5 fold in last 15 years

Nihat ZEYBEKCI, Turkey’s Economy Minister addressed the Ordinary General Assembly of the Foreign Economic Relations Board (DEIK) attended by President ERDOGAN as well. In his speech, ZEYBEKCI explained that 63 of the 100 largest Turkish companies and 28 of the largest 45 international contracting companies were DEİK members. He also added that DEIK, with its new concept, continued to serve as one of Turkey’s most important soft powers, in 6 continents.

In his speech ZEYBEKCI evaluated the effects of the macroeconomic steps introduced in the business world for last 15 years informed that investments had increased by 82 percent in monetary terms, in 2017.

Based on data provided by official authorities Turkey is the fastest growing country in G20 and Turkey’s exports and national income have increased by 5 times and 3.5 times respectively, in last 15 years. On the other hand investments in have increased by 82 percent, in 2017.

The Minister pointed out that Turkey had become an economic and political hub in its region mainly and shared that they had received demand from four international investors regarding the “Project Based Incentive System”. He stated that with the “Project Based Investment Incentive System” great opportunities were introduced for the Turkish business world. He went on to say “Today we see we will break records in exports, every consecutive month and reach 170 billion dollars by the end of the year. We also see the growth for the first quarter of 2018 will be slightly more than 7 percent as per our expectations.

The Minister also said the following: “Now is the time to make an intercontinental breakthrough. It is time for the star of the Turkish business world to shine more distinctly. DEIK will continue to wave the flags of the Turkish economy in 6 continents during this rising period of Turkey. That is why we say that DEIK is the raider of the economy world.”