The President of the Turkish Exporters Assembly (TIM), Mustafa Gültepe, shared his 2024 targets. Gültepe stated that 2023 will close with a record and the 2024 target is to increase exports by 10 percent. Emphasizing that exports increased despite the continued contraction in global markets with October, Gültepe stated that 11-month exports increased by 0.7 percent compared to last year with 232.9 billion dollars.
Gültepe said that they aim to close 2023 with a record of over 255 billion dollars and reach a historical value of 100 billion dollars in service exports. Stating that they will start 2024 with a growth target of at least 10 percent, Gültepe noted that he does not foresee a positive outlook for the first half of next year in global markets. Pointing out that the war in Ukraine has increased the uncertainties in the region, Gültepe emphasized that despite the difficult conditions, they will do their best and work to complete 2024 with the highest performance.
Gültepe highlighted the importance of access to financing and emphasized the need to make new investments and update technology for more production and exports. Emphasizing the importance of cost-effective financing to achieve these goals, Gültepe announced that in 2023, the Turkish Commercial Bank, Turkey's 'first private bank with national capital', was brought to exporters through İGE A.Ş. Gültepe also mentioned the important steps taken to facilitate access to financing and stated that the daily limit for rediscount credits was increased from 300 million TL to 3 billion TL after Eximbank increased its credit volume.
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