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

twitter

1 / 4

Year: 4 Issue: 19 Sep 9-20, 2013

www.tcp.gov.tr

NEWS

The Third Meeting of Turkey – Pakistan High Level Cooperation Council

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.

twitter

2 / 4

Year: 4 Issue: 19 Sep 9-20, 2013

www.tcp.gov.tr

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.

EVENT S

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.

twitter

3 / 4

Year: 4 Issue: 19 Sep 9-20, 2013

www.tcp.gov.tr

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.

twitter

4 / 4

Year: 4 Issue: 19 Sep 9-20, 2013

www.tcp.gov.tr

SEC T OR S

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.

____________________________________________________________________________________________