Turkey increases its stock of world trade to 1.08 percent
Date
11/27/2024 1:31:18 AM
(MENAFN) Through the past 22 years, under its present ruling party, Turkey’s stock of international trade has surged from 0.49 percent to 1.08 percent, also hitting the position of the 17th-highest Economy in the world in terms of GDP and 11th in terms of buying power parity, the Turkish trade minister stated Tuesday.
Giving a speech at the Independent Industrialists and Businessmen’s Association (MUSIAD) Expo 2024, which gathers entrepreneurs and traders from 88 nations in Istanbul, Omer Bolat stated that "We should be proud of these developments and achievements, but are they enough? No, we have a long way to go."
The four-day event, beginning on Tuesday, aims USD1 billion in trade rate via business-to-business (B2B) meetings, a Turkish news agency is the international communications partner of the expo.
Bolat highlighted that the event is a significant global trade and investment platform that gathers the Muslim business world from the US to Indonesia, from South Africa to Russia, as well as from Portugal and the UK to the Middle East and Turkey.
The Trade Ministry always supports the side of exporters and is spending all its elements to work to strengthen shipments and supply exporters with resources.
On the encouragements and support provided to exporters, Bolat stated the ministry also creates trade pacts with international nations, conducts international conferences and discussions, and plays a team game with all participants in the field.
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