Turkish Trade Minister: We aim for 20% growth in the second quarter

Trade Minister Dr. Mehmet Mus attended the closing session of the Foreign Economic Relations Board (DEIK) Ordinary Financial General Assembly. Mentioning the importance and content of DEIK’s work in his speech, Mus stated that Turkey has gained a solid place in global value chains with its export-based growth strategy. Sharing the goals for this year, Mua said, “We aim to achieve an economic growth of 20% in the second quarter of 2021, and an economic growth of 6% by exceeding our potential growth rate in 2021, but I would like to express that these growth forecasts are increasingly revised upwards.” Mus stated that the expansionary monetary and fiscal policies implemented within the scope of the fight against Covid-19, drought, production restrictions, problems in supply chains and supply-demand imbalances caused both demand and cost-based price increases in many countries. “Our government and our Central Bank are taking and will continue to take all necessary steps to eliminate this inflationary pressure and to minimize the cost pressure that our business people will face.” Noting that they are preparing the Strategy for Increasing Exports to Faraway Countries, Mus said, “We aim to increase our exports to 17 countries with an average distance of 8,650 kilometers by approximately 4 times.”

Source: Sabah / Translated by Irem Yildiz

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