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Archive for the ‘Turkey’ Category

Turkey Strengthens Position in Global Hazelnut Trade with China

Agricultural Trade, News, Turkey

October 27, 2024

Turkey is celebrating a remarkable achievement in its hazelnut industry, solidifying its status as a leading exporter to China. According to reports, the 2023/24 hazelnut production season has yielded impressive results, with exports reaching 303,458 metric tons. This outstanding performance has resulted in an export value of $2.349 billion, reflecting a robust increase of 30.9% […]

Turkey’s Fruit Exports Reach $1 Billion, Strengthening Global Trade Position

Agricultural Exports, News, Turkey

October 24, 2024

In an exciting development for Turkey’s agricultural sector, the country has achieved a significant milestone by exporting fruits valued at over $1 billion to 114 countries in just the first nine months of 2024. This impressive achievement not only showcases the quality and competitiveness of Turkish fruits but also underscores the sector’s pivotal role in […]

Istanbul Hosts 12th Meeting of OTS Ministers of Economy and Trade, Uniting Turkic Nations for Economic Cooperation

International Trade, News, Turkey

September 14, 2023

Istanbul, Turkey, is currently the epicenter of strategic discussions and economic collaboration as it hosts the 12th meeting of the Ministers in Charge of Economy and Trade of the Organization of Turkic States (OTS). This significant gathering brings together leaders, policymakers, experts, and officials from Turkic nations to deliberate on crucial economic matters.   The […]

Türkiye and the United Kingdom Cement “Indispensable” Partnership, Paving the Way for Bilateral Prosperity

News, Trade Relations, Turkey, United Kingdom

September 14, 2023

The International Trade Council applauds the deepening partnership between Türkiye and the United Kingdom, as underscored by British Foreign Secretary James Cleverly during his recent visit to Ankara. The Council acknowledges the pivotal role that this strengthening alliance plays in fostering international cooperation and enhancing global security.   In a meeting with Foreign Minister Hakan […]

Türkiye Records $4.8 Billion in Foreign Direct Investments During H1 2023

Foreign Investments, News, Turkey

August 24, 2023

The International Trade Council acknowledges the recent announcement that Türkiye received foreign direct investments (FDI) totaling $4.8 billion (TL 125.9 billion) in the first half of 2023, as reported by Engin Aksoy, Chairperson of Türkiye’s International Investors Association (YASED). Of this FDI inflow, $2.5 billion was attributed to mergers, acquisitions, or direct capital inflows, as […]

ITC Comments On Turkish Central Bank’s Decision To Raise Interest Rates

Economic Development, News, Turkey

June 22, 2023

The International Trade Council (ITC) recognizes the substantial interest rate hike enacted by the Turkish Central Bank as an important move towards more traditional economic strategies to tackle persistent high inflation. The 6.5 percentage points increase to 15% signifies a shift in monetary policy and could be an early indicator of economic recovery. Despite the […]

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