Mustafa Gültepe
Red Sea crisis ‘creates opportunity’ for Turkish manufacturers
The recent attacks by the Houthi rebels on ships in the Red Sea have already started to significantly affect trading activities, especially in the container segment, while creating an opportunity for Turkish manufacturers.
Turkish exporters to target large economies this year
Turkish exporters will focus more on large economies, such as the U.S, China and India, this year, as they aim to boost goods and service export revenues to a total of $402 billion, says Mustafa Gültepe, the head of the Turkish Exporters' Assembly (TİM).
"We are shifting our focus to the alternative markets with large import potential," he told reporters.
Attacks in Red Sea likely to impact Turkish consumers
The attacks on commercial ships in the Red Sea by Yemen's Houthi rebels have rerouted a majority of global trade away from the crucial maritime artery for goods and supplies that are likely to impact Turkish consumers through rising prices.
Business circles welcome new medium-term program
Türkiye's leading business associations have welcomed the government's new medium-term program, as they expect the economic roadmap to increase predictability.
The new medium-term program, which covers 2024-2026, outlines a comprehensive strategy aimed at reducing inflation, fostering growth and addressing various key challenges.
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Türkiye targets $50 bln in food, agriculture exports in 2028
Türkiye aims to increase its food and agricultural products export revenues to $50 billion in 2028, says Mustafa Gültepe, the president of the Turkish Exporters' Assembly (TİM).
The country generated some $27 billion in food and agricultural products exports last year.
Exporters confident $265 bln target within reach
Encouraged by the steps the new economic team has taken over the past two and a half months, Türkiye's exporters have voiced optimism that the target of generating $265 billion in export revenues appears to be within reach.
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Talks on minimum wage hike set to start this week
A commission is set to hold its first meeting later this week to discuss a hike in minimum wages for millions of workers.
Representatives from the government, labor union Türk-İş and the Turkish Confederation of Employers' Association (TİSK) will gather on June 13 at the Labor Ministry.
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Turkish Airlines helps companies boost exports
A deal between the Turkish Exporters' Assembly (TİM) and Turkish Airlines on cargo shipment has produced good results, helping companies boost their exports.
Under the deal, Turkish Airlines offers up to a 30 percent discount on cargo fees, which resulted in a 23 percent increase in export volume.
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Exports may gain momentum again, says association
With the key elections now over, Türkiye should again focus on production and exports, which may gain momentum in the remainder of the year, Mustafa Gültepe, the head of the Turkish Exporters' Association (TIM) has said.
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Auto industry unveils sustainability plan
Türkiye's automotive industry has unveiled a sustainability action plan that is designed to guide and help local carmakers keep their competitiveness in a fast-changing market.
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