Turkey has not made any revisions to its existing strategy and targets to have a word in concerned sector, despite the negative impacts of the global crisis. Turkey is determined to reach its targets of 2 million production, 1,5 million exports, US$ 50 billion worth of exports and a total employment of 600 thousand in the near future.
Hence the Turkish Automotive Industry is expected to rank among top 10 in global motor vehicle production, top 3 in European Union countries and among top 5 in terms of R&D expenditures in EU.
This sector is certainly expected to become locomotive of Turkish exports which is estimated to reach US$ 500 billion by 2023.
01 April 2011
SECTOR/BUSINESS TURKEY TODAY