Bolat: We expect a large increase in direct investments

Trade Minister Ömer Bolat stated that a significant increase in direct investments is expected and that a period is expected in which Turkey’s economy and foreign trade will continue on a positive path in the international arena.

Bolat, who accompanied President Recep Tayyip Erdoğan in New York to attend the 78th United Nations (UN) General Assembly, made assessments about his contacts in the United States.

Bolat stated that the greatest benefit of summits such as the UN General Assembly, which is held each year in September, is that they also allow meetings of heads of state and relevant ministers, and that UN meetings are an important economic and Trade between Turkey and the United States, which is the country with the world’s largest economy and the largest volume of foreign trade, also said that it offers an important opportunity to develop investment relations.

Bolat stated that, as ministers of economic management, they held meetings with their interlocutors in their respective fields, and explained that they attended important investment meetings and held bilateral meetings.

Ömer Bolat stated that they met with representatives of large American companies that have direct investments in Turkey in the meeting organized by the American Chamber of Commerce and the Union of Chambers and Commodity Exchanges of Turkey within the framework of the Concordia Summit , which was also attended by President Erdoğan. attended and that topics such as new investment plans were discussed.

‘WE PRESENT THE GOALS AND OPPORTUNITIES’

Bolat also stated that they attended the 13th Turkey Investment Conference, organized by the Foreign Economic Relations Board (DEİK) and the Turkey-US Business Council (TAİK) and organized by Goldman Sachs, and said:

“There was incredibly high attendance here. (At the meeting) about 125 American investors, directors of organizations and owners or senior managers of major Turkish companies were present. In the first part, as the Ministry of Commerce, we discussed the general situation of the Turkish economy, our foreign trade, investments and the economic, trade and investment dimensions and improvements of Turkish-American relations. We establish the objectives and opportunities for the next period.

Then, our Minister of Treasury and Finance Mehmet Şimşek gave a comprehensive presentation on the monetary, fiscal, exchange rate, interest and budget policies of our government in the new period in Turkey.”

‘A LARGE FLOW OF FINANCING AND RESOURCES WILL BE PROVIDED’

Recalling his previous visits to the Gulf, Europe and the Far East, Trade Minister Bolat said:

“In this short time we are in the United States, on the other side of the Atlantic Ocean… The weight, influence, prestige and perception of our Turkey is very positive. There is growing interest among business organizations who want to do business, trade and invest in Turkey, which faces a five-year period of political stability.

When we spoke to Turkish managers working here, they told us that this level of perception is constantly increasing and that there is still a long way to go. With these promotions and meetings, Turkey will be provided with a significant flow of funds and resources in the near future. “We expect a significant increase in direct investments.”

Bolat stated that even in a period in which global production and trade remain horizontally stagnant in 2023, a period in which Turkey’s economy and foreign trade follow a positive course in the international arena is expected.

PTM DECLARATION

Emphasizing that the Medium Term Program (PMP), which was prepared as a result of long consultations on the government’s economic policy and covers a period of three years, is of great importance, Bolat said that the program is a holistic economic program, compact and inclusive. program, which covers money, finance, currencies, interests, foreign trade, production, etc. He explained that he outlined the policies to be followed and the reforms to be carried out in the field of investments.

Bolat stated that the PMP is the “government’s roadmap” in terms of being a strong, reliable and enlightening economic program for the future, and said that the PMP is considered an important turning point in terms of international markets, the real internal sector and financial markets. (AA)