The German sneaker company surpassed the Turkish giants

FORCE While claiming at every opportunity that Germany was jealous of Turkey, the industrialist provided a critical snapshot that shows the true face of the economy. The president of the Ankara Chamber of Industry (ASO), Seyit Ardıç, stated that the German sneaker producing company (Birkenstock) has left behind the largest companies in Turkey, such as Tüpraş, Arçelik, Vestel and Turkcell, with a value 10 billion dollar market.

WE ARE BEING IN OUR PLACE FOR 40 YEARS

Noting that the footwear brand (Nike), which is ranked 79th in the world with a market value of 147 billion dollars, has surpassed the 22 most valuable companies in Turkey, Ardıç drew attention to the importance of the brand.

Ardıç said: “We must attach importance to creating brand companies that can compete internationally.” Speaking at the joint meeting of ASO professional committees, President Ardıç said that developing countries have increased their participation in the world economy almost twice in the last 40 years, while Turkey remained in the 1980 level.

Ardıç said: “While Turkey’s share in the world economy was 0.9 percent in 1980, our share will be the same in 2022. In developing economies, this share was 24.5 percent in 1980 and increases to 42.5 percent in 2022. “Our participation in the world has remained stagnant for more than 40 years,” he noted. Ardıç stated that industrialists had to import at high levels in order to produce and export, which led to a current account deficit 3.7 times greater than growth. Noting that the way the economy grows is also very important, Ardıç said: “We experienced growth based on the current account deficit, that is, debt, in which industrial production and exports were reduced, consumption and imports increased.

The investor left, the real estate speculator came

ASO President Seyit Ardıç said foreign direct investment flows to Turkey remained at very low levels and net physical capital investments had a deficit of $108 million in June. Ardıç said: “In other words, there has been an outflow from our country in terms of physical investment of foreign capital. “This shortfall was offset by net sales of real estate to foreigners worth $223 million,” he said. While Ardıç also noted that the number of universities has increased recently, he stated that this situation led to industrialists being unable to find workers to employ.

Seyit Ardic

Messages from ASO President Ardıç:

one- The real investor left and the foreigner came for profit

2- The first problem of the industrialist.

3-Workers could not be found

4- Türkiye fell back 40 years in national income

5- Aid provided to 6.6 million poor should be reviewed for employment purposes

6- We are behind the world in the green transformation