9,347.17 TL BIST 100 BIST 100
4.34 CNY CNY CNY
31.06 $ USD USD
€33.62 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

Foreign trade is the key to increasing economic prosperity

The dynamics of foreign trade were discussed in sessions attended by bureaucrats, business people and academics at the Foreign Trade Summit organized under the theme of "The Legacy of 100 Years in International Trade and the Vision of a Sustainable Future".

Foreign trade is the key to increasing economic prosperity

Dr. Hakan Çınar, President of the Association of Foreign Trade Leaders (DIŞYÖNDER), said that the only way to increase the level of welfare in economies is through foreign trade. Emphasizing that the whole process should work correctly for the development of foreign trade, Çınar said, "We should talk not only about exports but also about imports; we should be able to say 'the king is naked' when necessary."

Speaking at the opening of the '1st Foreign Trade Summit' organized jointly by DIŞYÖNDER and Istanbul Kültür University, Dr. Hakan Çınar pointed out that Türkiye reached the highest values in exports, imports, foreign trade and foreign trade deficit in 2022.

Emphasizing that it is not possible to get anywhere by focusing only on exports and being afraid to talk about imports

Prof. Dr. Çınar continued as follows:

"Foreign trade is constantly growing and developing in our country as well as on a global scale. On the other hand, we all know that our exports are largely based on imports. In 2022, our exports increased by 12.9 percent to 254.2 billion dollars and our imports increased by 34.3 percent to 364.4 billion dollars. We should not hesitate to talk and discuss this reality. In order to develop correct and realistic policies, we must consider the whole of foreign trade. If we want to achieve greater success in the second century of the Republic, we must take this perspective to the center. DIŞYÖNDER was founded with this awareness. We strive to provide all kinds of support to our ministries with the responsibility of being the only non-governmental organization represented by every chair of the table related to foreign trade."

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

The US imposes sanctions on 93 entites, including Türkiye: Here are 16 targeted companies from Türkiye

Saturday, February 24, 2024

Steel sales in Germany increased around 74 percent in January

Thursday, February 22, 2024

EU announced the mission for safeguarding the Red Sea

Tuesday, February 20, 2024

Statement from the Mining Platform regarding the mining accident that occurred in Erzincan

Tuesday, February 20, 2024

Limak Cement public offering results have been announced!

Monday, February 19, 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