image description
image description
Tell A Friend

Latest News

  • 24-10-20

    Turkey's economy becomes stronger in new normal

    (MENAFN) Turkey's trade minister expressed, on Friday, October 23rd, that the country has all sorts of assets and infrastructure to strongly start investing and producing in new fields, depending on the change in global value chains.

    Ruhsar Pekcan stated during an online conference of Restructuring of Global Supply Chain organized by the Turkish Industry and Business Association (TUSIAD) that mentioned improvements in information and communication technologies, cheaper transport expenses and a reduction of dues and non-dues barriers to trade and investments slow down behind the fast rise in global value chains.

    Pekcan declared "Today, we face the possibility that this trend of the last 40 years will change or transform," mentioning the impact of Covid-19 which instigated an exceptional global economic shock and reduction.

    She highlighted that the Covid-19 impelled reduction also undermined supply and demand while creating instability in financial markets.

    Pekcan spoke of the advantage for Turkey, caused by the change in the global value chains:"Many studies around the world show that our country has the potential to become one of the alternative supplier candidates in the new normal."

    Adding: "Turkey, potentially, is one of the countries that can be shifted to a more advantageous position."

    MENAFN2410202000450000ID1101009818

View the Financial News Archive
 

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved