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FinancialNews
02-03-21
Turkey to reduce its import bill by USD50B
(MENAFN)According to a senior official, Turkey is going to decline its import bill by USD50 billion by a plan supporting domestic output of hi-tech products.
Industry and Technology Minister Mustafa Varank posted on twitter that “Under the Technology-Oriented Industry Move, we support investments to produce, with local means and capabilities, 919 products that are hi-tech or for which we incur a heavy foreign trade deficit."
The ministry declared a number of areas and products that it said were of critical importance for the development of sectors for example chemicals, computer-electronic optics, machinery, pharmaceuticals, electrical equipment, transportation vehicles, and medical devices.
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