9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

TİM President Gültepe: We reached $210 billion in exports in the first 10 months"

Mustafa Gültepe, President of the Turkish Exporters Assembly (TİM), announced that we achieved the highest October export with $22.9 billion. We reached $210 billion in exports in the first 10 months.

TİM President Gültepe: We reached $210 billion in exports in the first 10 months"

"Mustafa Gültepe, the President of the Turkish Exporters Assembly (TİM), attended the 'Stars of Export' award ceremony organized by the Southeastern Anatolia Exporters' Associations (GAİB) at their headquarters in Gaziantep. Gültepe stated that Gaziantep is always a city that produces and exports. He emphasized that exports are the locomotive of a country and exporters act with this awareness. Gültepe said, 'Last month, we demonstrated a highly successful export performance. We achieved the highest October export with $22.9 billion. We reached $210 billion in exports in the first 10 months. Thus, we turned positive in the total exports for the first 10 months compared to the previous year. This transition to the positive was very important for us. Demand in global markets is moving slowly. Our competitiveness has suffered due to high costs. On top of that, we experienced the earthquakes on February 6. The earthquakes, including 6 in the GAİB region, brought production and exports in 11 of our provinces to a standstill. However, we did not give up, we did not collapse. We stood shoulder to shoulder with our associations.'

Gültepe mentioned an economy management in Ankara that prioritizes exports and engages in consultations with exporters. He said, 'In the last 4-5 months, significant steps have been taken in terms of access to credit. For example, the credit volume of Eximbank has been increased. The daily limit of rediscount credits has been increased tenfold. The fact that the total interest rate of this credit will not exceed the policy rate was also an important step for our exporters.' Gültepe also explained that, as TİM, they signed credit protocols with 11 public and private banks. He stated, 'With the protocol, we envisaged a credit volume of $1 billion. In 2 months, we exceeded this volume by far. As of November 15, the total credit used by about 5,000 of our companies approached $1.7 billion.'

GAİB Coordinanator President Ahmet Fikret Kileci also reminded that the region experienced a major earthquake disaster on February 6. Emphasizing that they are working for the region to rapidly recover after the disaster, Kileci highlighted that exporters have the power to achieve this. He said, 'We take this confidence from the lands we live in and the strength coming from our ancestors. This is a challenging geography. It is not easy to be successful and survive here. We will not be affected by any negativity, and we will always stand tall. The world is changing rapidly. We must definitely keep up with this pace. We must somehow give up old jobs and produce new models of production suitable for the new order. Today, every product we produce finds a buyer everywhere in the world. The only point we stumble on is not the product we produce but the method. We must review our methods for sure.'"

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now