Union of Chambers and Commodity Exchanges of Turkey

Timur Erk drew attention to the fact that the production industry share of GNP has dropped while the service industry’s share is on the rise. Erk stated that the 2023 export goals must be updated with these negative developments taken into consideration. Reporting that the chemicals industry goal for 2014 has been revised to 18 billion USD to this end, Erk said that the sector’s dependency on imports is at 56%, effecting the costs of the sector and lowering its competitive power.

Erk went on to speak in regards to exchange rates and their effects as well as the uncertainties in the legislative framework.

The meeting ended with the formulation of a strategy to raise the sector’s share of the GNP and the performance assessments of sector representatives in regards to 2013.