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Machine sector requests to be designated as a strategic sector

29 May 20192 min reading

KutluKaravelioglu3Kutlu Karavelioğlu, Chairman of Machine Exporters’ Union, said that the machine sector should be among the strategic sectors and backed with trade policies in line with the New Economic Program. 

The machine sector of Turkey has increased its export to the United States, the UK, Italia, and France substantially in the first four months of the year and increased its export to the world by %18.1. Because of the stagnation in the industry of Germany, which is the largest export market for Turkish machine manufacturers, the export fell by %8.8 percent to this country. With this performance, the export revenue of Turkish machine sector has increased by 6.5% in the first four months of the year when compared to the previous year.

Kutlu Karavelioğlu, Chairman of Machine Exporters’ Union, said that the rate of exports meeting imports in the machine sector has increased to %78.8, adding that, “The increase in the amount of machine export should be met in the value basis as well. We have enough technical information and experience to realize this. Local machine is the medicine of Turkey. In order to lift the effectiveness of this medicine quickly, the machine sector should be placed in the strategic sector in line with the New Economic Program. Under this program, local industrialist should be encouraged to use the local machine and the supportive policies should be prioritized to encourage the export of high-tech goods and products particularly machine. Closing the foreign trade deficit is our national responsibility.”

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