Union of Chambers and Commodity Exchanges of Turkey

Extending his well wishes for the outcome of the elections, Hisarcıklıoğlu underlined the fact that TOBB is Turkey’s most democratic institution. TOBB President Hisarcıklıoğlu said, “Our command structure goes from bottom to the top. Sometimes, there is misinformation in the public domain. It is argued that Turkey is the only country with mandatory membership of chambers and exchanges. This is untrue. Mandatory membership is found in many countries in the world.”

- “We’ve invested a sum of 132 billion USD”

The Union of Chambers and Commodity Exchanges of Turkey, the community of which we are a part, represents a total of 1.5 million traders, industrialists, companies and sole proprietorships. When you look at it, we provide 14.5 million people with employment as the Turkish private sector. 75% of Turkey’s national income, 560 billion USD, is produced by our members. 82% of all investments in Turkey and 90% of Turkey’s exports are conducted by our members. You represent this community. You speak and act for this community and come together to solve its problems. Our members have provided 840,000 people with employment in just the last year alone. When you consider that 750,000 new people join the workforce each year, it is evident that the contribution of our members to abolishing unemployment is quite significant.

As the Turkish private sector, we invested a sum of 132 billion USD to the future of this country in the last year. 87 billion USD is investment in machinery and equipment investment while our members conducted 140 billion USD’s worth of export. 12 billion USD of it is agricultural goods.”