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FinancialNews
09-08-18
Turkey posts USD9.8bn in machinery exports
(MENAFN) Turkey was revealed to have seen an increase in the machinery sector's total exports during the first seven months of this year, standing at USD9.8 billion.
In a press statement, the Machinery Exporters' Association (MAIB) unveiled the exports to have recorded a 21.2 percent boost.
MAIB chairman Kutlu Karavelioglu confirmed "expanding protectionist policies in the U.S. are directly affecting all sectors willing to do business in this country, but the country where industrial production has increased by six percent annually also provides new opportunities in the commercial sense for strategic sectors such as the machinery."
Karavelioglu added that machinery exports to the US from January to July accounted for USD700 million, registering an annual 28.7 percent increase.
MENAFN0908201800450000ID1097271928
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