Türkiye Strengthens Its Position in Global Markets: Minister of Trade Unveils Strategic Plan

The Republic of Türkiye Continues to Implement Policies for Production Growth, Economic Expansion, and Strengthening International Trade

The Republic of Türkiye’s Ministry of Trade continues to implement policies focused on boosting production, economic growth, and international trade. As a result of these efforts, Türkiye’s Gross Domestic Product (GDP) has surpassed the $1 trillion mark for the first time in its history, while the per capita income has reached $13,000.

The Ministry highlighted that production, employment, investment, and exports are prioritized as key pillars, with progress in these areas directly contributing to economic growth.

New Target Markets in Export Strategy

Türkiye aims to increase market diversification in its foreign trade policy. Particularly, the country is actively working to enhance its presence in new markets across Asia, Africa, and Latin America through initiatives like the “Far Countries Strategy” and the “Islamic Countries Export Development Strategy.”

In line with these goals, the “2028 Export Development and Marketing Vision” program covering 41 sectors has been established. Export capacity is also set to be boosted through country- and sector-focused trade fairs, updated incentives, and promotional activities.

New Investments in Free Zones

Currently, more than 2,100 companies operate across Türkiye’s 19 free zones, employing nearly 100,000 people. In 2023, exports from free zones increased by 10.7%, reaching $12.7 billion.

New free zones are being established in Menemen, Ordu, and Central Black Sea regions, while the expansion of the existing Aegean and Kocaeli free zones is underway. Additionally, efforts are being made to restructure free zones in alignment with digitalization and green transformation goals.

Enhancing Trade with Islamic Countries

Islamic countries currently account for 26% of Türkiye’s total exports. According to the Ministry’s announcements, this share is targeted to increase to 30% by 2028. Priority markets include the United Arab Emirates, Saudi Arabia, Morocco, Egypt, and Indonesia.

Türkiye aims to strengthen these ties through regional partnerships such as the Free Trade Agreement signed with the UAE and a planned agreement with Qatar. Furthermore, support for halal certification has been increased to help Turkish firms gain greater access to the halal products market.

Through these strategic initiatives, Türkiye is determined to boost its exports and strengthen its competitive position in global trade.