President Recep Tayyip Erdoğan stated Wednesday that confidence in Türkiye’s financial stability has strengthened following the nation’s May presidential polls, highlighting the give attention to establishing a “sustainable growth climate.”
“We are pleased to observe that confidence in our country’s economic stability has strengthened after the elections,” the Turkish chief stated in his tackle at an occasion organized by the Türkiye-U.S. Business Council (TAIK) in New York.
Highlighting the substantial contributions of Turkish business circles to the American financial system, Erdoğan famous that Turkish firms’ direct investments within the U.S. have reached roughly $8.6 billion (TL 232.64 billion) over the previous decade.
“We will mutually increase these investment figures with the efforts of business representatives,” the president stated.
He stated Türkiye is concentrated on establishing a “sustainable growth climate” by means of insurance policies that prioritize funding, employment, manufacturing and exports.
Turning to the nation’s medium-term program, President Erdoğan stated Türkiye goals to “eliminate the factors that increase inflation by applying the tools of fiscal and income policies without compromising economic growth.”
Emphasizing the longstanding alliance between Türkiye and the United States beneath the NATO framework, he expressed Türkiye’s need to reinforce and maintain this partnership, which he stated performs a vital position in making certain safety, peace and stability within the Euro-Atlantic area.
“Our economic and commercial engagements with the U.S. constitute a vital aspect of our bilateral ties. Over the past decade, our bilateral trade volume has surged by 1.5 times,” he famous.
The Turkish chief stated the U.S. turned the second-largest vacation spot for Turkish exports and the fifth-largest supply of imports.
“By the end of 2022, our bilateral trade volume had exceeded $32 billion,” he stated, reiterating the goal to achieve $100 billion.
“As we strengthen our political ties with America, we should also broaden and diversify our cooperation in the economic sphere,” he added.
President Erdoğan additionally emphasised that they have been happy with the course of relations with the U.S. in tourism and stated that with the lower within the epidemic’s impression, over 1 million American vacationers have been hosted in Türkiye in 2022, and so they hope that this quantity will improve much more within the coming interval.
The president additionally expressed his hope to resolve points stemming from unilateral actions comparable to imposing extra customs duties within the metal and aluminum sectors by the U.S.
“Also, we expect the impediments to the development of our cooperation in the defense industry to be eliminated as soon as possible,” he added.
Source: www.dailysabah.com