WE ARE SURE TO FULFILL AND EXPECT TO EXCEED TARGETS

The Chairman of the Turkish Exporters' Assembly (TIM), evaluated the Medium Term Program (OVP) covering the years 2018-2020, which was announced on September 27th.

Büyükekşi said “Forecasts and targets in the previous OVP, which was announced around these days last year, displayed a negative picture. Growth and export expectations were revised downward while budget deficits and unemployment were revised upwards. Exactly one year later, when we look at the revisions made in OVP, we can clearly see how our country is improved.”

TIM Chairman stated that 2017 growth data was revised from 4.4% to 5.5% and export target was revised from 153.3 billion dollars to 156.5 billion dollars, and added; “If we succeeded in keeping our exports at the same level as the previous year despite everything that happened in 2016, 2017 would be even better. We can see clearly what we have made the right call in declaring 2017 as “the year of breakthrough” with these revisions. Turkish economy grew 5.2% in the first quarter and 5.1% in the second quarter. In the first half, net exports contributed by 2 points to growth. In the first 8 months, exports increased by 10.8%, and our exports in the last 12 months have already reached 153.3 billion, the former OVP target. However, at the beginning of the year, we announced that we were going to surpass the OVP target and reach 155 billion dollars. We are proud of the upwards revision of the OVP as an acknowledgement of our export success.”

Referring to the export targets for the years 2018-2020, TIM Chairman told “Expectation of our export for next year was announced as 169 billion dollars, 182 billion dollars for 2019 and 195 billion dollars for 2020. However, we as exporters believe we can exceed these goals. As TIM and Exporters Unions together we have accomplished a lot. We are sure that we will fulfill our Medium Term Targets and we are hoping to exceed them.”

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