Bolat, the Minister of Trade, spoke at the Turkey Export Summit.

At the Turkey Export Forum held at the Konya Büyükşehir Belediyesi building in Ankara, a representative of Turkey stated that they have an open economy. He also noted that the export of goods and services in the country is going well and began in July of this year after the pandemic started. While global trade has declined, it has continued to grow in Turkey.

According to a representative, the growing global demand has led to a decrease in prices for many products and has generally reduced world trade. He also noted that a slight increase in global exports and GDP growth of around 3% is expected this year. In particular, China may achieve a growth of 5%, the USA around 2%, the European Union about 0.5%, while Germany has actually contracted. This has also affected their imports, especially in European countries.

A representative also noted that their goal is to achieve a service export volume of $100 billion.

The representative also noted that they are actively monitoring and preventing unlawful actions in the market, such as stockpiling and price manipulation. He mentioned that, thanks to the measures taken, the market has stabilized and returned to a normal state. He also reported the introduction of strict penalties for price manipulation in real estate and automobiles and warned that platforms for posting advertisements will be held accountable for such violations.

In conclusion, he noted that the Ministry of Commerce is working on changes to the legislation and tightening penalties for violators. They also plan to introduce temporary closures for businesses that repeatedly break the rules. He emphasized that compliance with rules and laws is essential for all sectors of the economy, and those who do not comply will face penalties.