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 The Third Meeting of Turkey – Pakistan High Level Cooperation Council  Economy Minister Caglayan: Turkey’s Budget Deficit Less Than 21 EU Countries  Ministry Allots $270 Million to 103 Brands  Turkey’s Foreign Trade Volume to Reach $500 Billion  Turkey’s Passenger Car Sales Up 25.16 Percent in August  Turkish Mining Sector Exports Reach 3.3 bln USD


www.tcp.gov.tr Year: 4

Issue: 19

Sep 9-20, 2013

NEWS The

Third

Meeting

of

Turkey – Pakistan High Cooperation Council

Level

The third meeting of Turkey – Pakistan High Level Cooperation Council (HLCC) was held in Ankara on September 17, 2013 under the chairmanships of Prime Minister of Turkey, Recep Tayyip Erdoğan and Prime Minister of Pakistan, Nawaz Shariff. Speaking at the joint press conference, Prime Minister Erdoğan said that the steps that could be taken to develop bilateral cooperation, especially in energy and trade relations, were discussed. Furthermore, he indicated that the bilateral trade volume is far from the desired levels and said that it was agreed that the trade volume should be increased to higher levels. “Joint Declaration on Turkey – Pakistan Strategic Cooperation” was signed by Prime Minister Erdoğan and his Pakistani counterpart during the press conference. Additionally, 13 agreements and memorandums of understanding were signed on a varied range of fields between various institutions of Turkey and Pakistan. Source: Ministry of Foreign Affairs

Economy Minister Caglayan: Turkey’s Budget Deficit Less Than 21 EU Countries Turkish Minister of Economy Zafer Caglayan came together with representatives of Turkish foundations and US-based Turkish businessmen in New York City. Caglayan informed US-based Turkish businessmen about Turkey’s recent economic condition and the intended Free Trade Agreement between the USA and Turkey. Caglayan said that Turkey’s budget deficit ratio to GDP was 2%, less than that of 21 EU countries, and added, “Turkey has not had a deficit in its budget in the first eight months, but rather a budget surplus.” Caglayan indicated that the intended Free Trade Agreement between the US and Turkey was a long process. Addressing the US-based Turkish businessmen, Caglayan said, “You are our permanent promotional representatives (in USA).” To view the news report, please visit Ministry of Economy website.

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www.tcp.gov.tr Year: 4

Issue: 19

Sep 9-20, 2013

Ministry Allots $270 Million to 103 Brands The Economy Ministry’s Turquality program, which offers Turkish brands both monetary and advertising assistance, have allocated 540 million Turkish Liras ($270 million) of funds to 103 brands since 2006, Economy Minister Zafer Çağlayan has said. Meanwhile, the government aims to ensure that at least 10 Turkish brands become global brands by 2023, hence the Turquality program, currently supporting 103 brands across 91 companies. The Economy Minister said the program also raised Turkey’s export value per kilogram. “Turkey’s average export unit price per kg was $1.58 in 2012. However, the companies within the scope of the Turquality program have an export unit price per kg at $2.34,” he said. To view the news report, please visit Ministry of Economy website.

Turkey’s Foreign Trade Volume to Reach $500 Billion Chairman of the Turkish Exporters Assembly (TIM) Mehmet Buyukeksi stated that Istanbul had a $200 billion value in foreign trade volume, and they aimed to increase it to $500 billion in 2023. Speaking in Istanbul at the 4th Istanbul Finance Summit (IFS) under the theme of “finance of sustainable expansion,” Buyukeksi stated exports gained a 5% increase in 2013 and more than 3,600 Turkish companies have exported goods worth over $5 billion. He noted the latest statistics showed exports had increased from 26% to 45%, and the support to the exporters would advance the Turkish economy through employment and especially investment. To view the news report, please visit Ministry of Economy website.

EVENTS Turkish Companies To Participate In Marmomacc 2013

Marmomacc 2013 – the International Trade Fair for Stone, Design and Technologies will be held in Verona, Italy on September 25-28, 2013. Turkey will participate in the event at national level. Turkish companies operating in natural stones sector will be present at the fair. For more information about the fair, please visit its website.

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www.tcp.gov.tr Year: 4

Issue: 19

Sep 9-20, 2013

Turkish Companies To Participate In Heimtextil Russia Heimtextil Russia – International Trade Fair for Home Textiles, Floor Coverings and Interior Furnishings will be held in Moscow, Russia on September 25-27, 2013. Turkey will participate in the event at national level. Turkish companies operating in home textile sector will be present at the fair. For more information about the fair, please visit its website.

Turkish Companies To Participate In The Big4 Show Rebuild Libya

The 4th version of Big4 Show Rebuild Libya International Construction Industry Exhibition will be held in Tripoli, Libya on September 23-26, 2013. Turkey will participate in the event at national level. Approximately 70 Turkish companies operating in building and construction sector will be present at the fair. For more information about the fair, please visit its website.

Wood Processing Machinery Fair, Oct. 5-9, 2013

Wood Processing Machinery 2013 – 26th International Wood Processing Machines, Cutting Tools, Hand Tools Fair will be held in Istanbul on October 5-9, 2013. The fair will be attended by around 900 company and company representatives from 30 countries and are expected to host 65.000 visitors from around 100 countries by the support of overseas promotion activities. For more information about the fair, please visit its website. 3/4

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www.tcp.gov.tr Year: 4

Issue: 19

Sep 9-20, 2013

SECTORS Turkey’s Passenger Car Sales Up 25.16 Percent in August According to the statistics released by the Turkish Automotive Distributors Association (ODD), in the first eight months of this year the domestic passenger car market increased by 20.9 percent compared to the same period last year, with sales rising to 399,429 units. In August, domestic sales of passenger cars totaled 51,611 units, up 25.16 percent compared to August 2012 and down 7.36 percent month on month. In the first eight months, sales of light commercial vehicles in Turkey declined by 9.08 percent compared to the first eight months of last year, falling to 118,953 units. In August, sales of light commercial vehicles totaled 13,432 units, up 15.4 percent compared to July this year and falling 20.6 percent year on year. To view the news report, please visit Ministry of Economy website.

Turkish Mining Sector Exports Reach 3.3 bln USD Turkish mining sector’s exports reached 3.3 billion USD in the first eight months of 2013. Istanbul Minerals and Metals Exporters’ Association (IMMIB) stated that Turkish mining industry continues to provide added value into Turkish economy with success in export. The sector has succeeded a 3.3 billion USD export between January and August in 2013 and increased its export by 26.5% when compared with the same period of 2012. Mining export was made mostly to China, US, Iraq, Belgium and Italy respectively during the mentioned period of 2013. Turkish mining industry’s export was 401 million USD in August increasing by 17.1% when compared with the same month of 2012. To view the news report, please visit Ministry of Economy website.

Warning: This bulletin is prepared by Republic of Turkey Ministry of Economy General Directorate of Exports only for information purposes, by making use of public resources which are assumed to be reliable. Ministry of Economy in no way guarantees that the information included here is completely accurate and does not accept the liability of harms and losses that may result from the utilization of information included in this bulletin.

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Turkey Trade Channel News Year: 4 Issue: 19