Ruhsar Pekcan

Turkey launches package to protect exporters amid virus

Turkey has launched a financial support package to cushion exporters from the impact of coronavirus, Ruhsar Pekcan, the trade minister, announced on May 22. 

The package, called the Stock Financing Support Package, came into use through Turk Eximbank, according to a press release issued by the Trade Ministry.

Turkey says export of dairy products to China will resume

Turkey's exports of milk and other dairy products to China will resume, Trade Minister Ruhsar Pekcan said on May 21 and added that 54 Turkish companies will be able to export to China.

In a tweet, Pekcan said she welcomed the Chinese dairy market opening to Turkish exporters, after Chinese authorities deemed Turkey an exportable country.

Turkey's automotive exports drop in Q1 due to COVID-19

Turkey's automotive exports decreased by 10% to stand at $6.98 billion year-on-year in the first quarter due to the novel coronavirus pandemic, Uludağ Automotive Industry Exporters Association said.

The country's automotive exports were $7.75 billion in the first quarter of 2019, the association's data showed on March 5.