Focus on exports in Turkey's strategy

Following theelections on June 12, Prime Minister Recep Tayyip Erdoğan attended the Turkish Exporters Assembly (TIM) General Council meeting. TIM later became the first delegation he accepted after the formation of the new government. TIM President Mehmet Büyükekşi, who wished success to the Prime Minister and the new government, presided over the visiting delegation. The visit was highly important not only for TIM, but also for the future of Turkey's economy. Emphasizing the significance of the newly established ministries and the Undersecretariat for Foreign Trade joining the Ministry of Economy in his speech, Büyükekşi said, "We embrace the inclu sion of the primary outcomes of the 2023 Export Strategy that TIM began in all sectors in our new government's program with pleasure.”
Highlighting the importance of a competitive currency exchange rate that would not constrict the domestic market in its meeting with Prime Minister Erdoğan, the TIM delegation also discussed such matters as the ratification of the Eximbank Law and the bank's being moved to Istanbul, having exporters take advantage of the sources created in the export of food to Libya, and bringing ?exibility to employment. Also discussed was the provision of "special investment incentives” to investors for high value-added, cutting-edge technological products that will be produced in Turkey for the first time ever as part of the Input Supply Strategy (GITES), which is being coordinated by the Ministry of Economy with the aim of supporting exports at the manufacturing stage. Büyükekşi expressed the importance of these matters with the following: "We find it extremely important in terms of the development of our country's long-term competitive power for Turkey to move toward 2023 with a vision.”
A short while after this speech, it became understood once more that Turkey is moving with a vision toward 2023 and has made this issue a priority. The decisions taken by the economic administration assembled under the leadership of Prime Minister Erdoğan constitute the building blocks of the export-focused competitive economy. Considering the strong political stability and strong macroeconomic fundamentals it is based on, developments occurring in global economies are not expected to have lasting negative effects on the country, but Turkey remains cautious. Detailed in the Medium Term Plan, which will encompass the 2012-2014 period, the economic administration's priorities are listed as below:
• Fiscal discipline will be upheld and bolstered in the upcoming term
• Action plans concerning the improvement of the investing environment will continue being applied
• Employment-increasing policies will be continued
• The struggle against the shadow economy will continue and the privatization program will be applied decisively
• Work on the Export-Oriented Manufacturing Strategy, Input Supply Strategy, and Export Markets Diversification Strategy will be completed
• Efforts for Istanbul to become an international financial center will be expedited
• Steps geared toward reducing foreign dependencies in energy will continue
• Programs directed toward developing R&D and innovation will be applied actively.
Published on Thursday, October 20, 2011
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