Türkiye Exporters' Assembly

Business leaders have voiced support for the measures announced by the government aimed at reining in spending and boosting efficiency in the public sector, saying that the package will contribute to the fight against inflation.

The savings package was unveiled by Vice President Cevdet Yılmaz and Finance Minister Mehmet Şimşek on May 13.

Türkiye's main exporters' association has voiced support for the government's decision to impose trade restrictions on Israel over the war in Gaza.

"We stand by our state in any sanction when the national interests of our country require it and to end humanitarian tragedies," the Türkiye Exporters' Assembly (TİM) said in a statement on social media platform X.

Türkiye's foreign trade deficit continued to decline in February, the preliminary data from the Trade Ministry have shown.

The country's foreign trade deficit declined by 42.3 percent last month to $7 billion, after shrinking more than 56 percent in January to $6.2 billion.