The Turkey Government Will Announce Its Export Expansion Programme In August.
According to the Turkey daily Daily (Sabah) report, the Turkey government will announce the Export Master Plan in August (2019). According to trade minister Ruhsar Pekcan, the plan will decide Turkey's long-term export potential and advantage and develop a long-term strategy to expand exports, ensure that the export / import ratio can continue to increase, increase the export of high value-added products and raise the unit price of export products.
According to the statistics of the Ministry of trade of Turkey, the export volume of Turkey in the first half of this year ($2019) was US $88 billion 200 million, a record high, compared with 2.18% growth in the same period (2018). In the first half of this year, the import value was US $102 billion 200 million, a decrease of 20.3% over the same period last year. In the same period, Turkey's trade deficit was reduced to 13 billion 960 million US dollars, and the export / import ratio grew from 86.3% in the same period last year to 86.3%.
According to statistics, Turkey's exports amounted to US $167 billion 900 million in 2018, up 6.94% compared with us $157 billion in 2017. In the past ten years, the export / import ratio of Turkey reached 75.3% in 2018, and the trade deficit also decreased from 106 billion US dollars in 2011 to US $55 billion.
Turkey trade minister Ruhsar Pekcan said that as the global economic growth slowed down, Germany's most important exporter, Germany, also lowered its economic growth rate to 0.4% this year. Turkey's export trade bears the brunt. Turkey, in addition to stabilizing its advantages and network in the existing market, will also gather in the Jiao Xinxing market and cooperate with the industry to develop new products and develop new export strategies.
The Minister of R also mentioned that the United Kingdom would have an impact on Turkey's exports (according to Britain's second largest exporter of Turkey), and stressed that it had already studied trade with the British Trade Minister Liam Fox to reduce Britain's bilateral trade impact.
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