HomeEconomyMÜSIAD's 'economic diplomacy' enhances Türkiye's trade potential

MÜSIAD’s ‘economic diplomacy’ enhances Türkiye’s trade potential

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In an effort to spice up the export potential of Anatolian cities and appeal to extra worldwide investments, considered one of Türkiye’s prime business teams has launched a diplomacy initiative that includes visits to provinces throughout the nation by ambassadors, demonstrating their manufacturing capability on-site.

To date, the Independent Industrialists’ and Businessmen’s Association’s (MÜSIAD) “Anatolian Economic Diplomacy” undertaking has performed visits to 10 provinces, the place ambassadors and their groups held talks and inspected exporting firms.

The Turkish Exporters Assembly’s (TIM) month-to-month and yearly export bulletins share not solely the figures for main sectors, but in addition spotlight the efficiency of particular person provinces. The initiative to incentivize provinces conducting their maiden abroad shipments seems to be yielding constructive outcomes.

Currently, all 81 provinces in Türkiye are positioned as export cities. However, the January-November knowledge confirmed that northeastern Bayburt province achieved solely $28,000 (TL 827,386) in overseas gross sales. In distinction, Istanbul made exports value practically $90 billion in the identical interval.

The overarching objective is to extend the variety of provinces exceeding $1 billion in exports. More than 30 provinces achieved this mark within the first 11 months.

With December exports, the billion-dollar membership is anticipated to develop additional. Considering the purpose to conclude the 12 months with over $255 billion in exports, planning to achieve $500 billion in the long run, each effort to combine every province into the billion-dollar export membership is efficacious.

Türkiye’s outbound shipments hit practically $233 billion from January by November, edging up by 0.7% from final 12 months. Imports rose 0.5% to $332.8 billion, in line with TIM knowledge. The 12-month rolling exports reached $255.8 billion.

Exports reached over $254 billion in 2022, lifting the earlier all-time excessive of practically $225.4 billion in 2021. Sales have been hit by the pandemic and dropped to as little as $169.5 billion in 2020.

Key position of exports

For Türkiye, which distinguishes itself from distant Asian nations like China by high quality manufacturing and stands out for its proximity to the first market, the European Union, exports play a vital position in attaining progress objectives. Therefore, there’s a must scale outbound shipments and improve the variety of exporting firms.

Italian Ambassador to Türkiye Giorgio Marrapodi (C) is accompanied by MÜSIAD executives throughout a go to to a manufacturing unit in Bursa, northwestern Türkiye, Nov. 30, 2023.

Led by President Mahmut Asmalı, MÜSIAD’s initiative appears to handle this want.

Initiated in 2021 underneath the management of Osman Nuri Önügören, head of the MÜSIAD Diplomatic Relations Commission, the undertaking has reworked into concrete steps to spice up the exports of Anatolian cities by the primary provincial visits in early 2023.

The Diplomatic Relations Commission continually visits embassies, consulates and overseas missions to tell and enlighten them about Turkish firms. With the “Anatolian Economic Diplomacy,” these interactions take a step additional by internet hosting overseas diplomats in varied cities of Türkiye.

On-site visits

The extent to which envoys discover the nation past the capital and the way they contribute to the event of mutual financial and commerce relationships is just not a simple measure.

Önügören emphasizes that the first objective of the undertaking is to draw extra worldwide investments and improve exports. By involving ambassadors and Anatolian metropolis visits, he says they’ve exactly chosen provinces that align with this objective.

“In the 21st century, the language of trade has increasingly begun to transform into a form of economic diplomacy. Creating awareness about our provinces and their potential is facilitated through the visits of the ambassadors,” mentioned Önügören.

As a part of the undertaking, 10 ambassadors have visited 10 provinces thus far. The final journey included a go to by Italian Ambassador Giorgio Marrapodi and his crew to the northwestern province of Bursa.

The Bursa program featured speeches and shows about methods to extend mutual investments and commerce between the 2 nations, earlier than the delegation visited the province’s Governor Mahmut Demirtaş.

Demirtaş described Bursa’s industrial infrastructure, its distinctive options in tourism, and its standing as a fruit paradise.

The delegation went on to go to factories and amenities with excessive potential to contribute to the financial relations between Italy and Türkiye, significantly in textiles, equipment and expertise.

Closer understanding

Speaking to reporters in regards to the initiative and its influence, Önügören recalled a go to by the Nigerian ambassador to Çorum.

“The ambassador saw that a farming machine, similar to the one Nigeria bought from Germany, was also produced in Çorum. While still inside the factory, he called the Nigerian company and provided information. He brought the two companies together,” he mentioned.

“We had a similar situation with the ambassador of Hungary in Samsun. We visited Kayseri with the ambassador of the United Arab Emirates (UAE). After that visit, the ambassador connected 35 companies from Kayseri with various companies in his country.”

MÜSIAD President Mahmut Asmalı (L) and Italian Ambassador to Türkiye Giorgio Marrapodi, in Bursa, northwestern Türkiye, Nov. 30, 2023.

MÜSIAD President Mahmut Asmalı (L) and Italian Ambassador to Türkiye Giorgio Marrapodi, in Bursa, northwestern Türkiye, Nov. 30, 2023.

Önügören mentioned their objective is to introduce, clarify and convey collectively the export potential and aggressive facets, product qualities and firm infrastructures of the provinces to essentially the most competent representatives of overseas states in Türkiye to extend financial relations additional.

“In this context, we directly invite the ambassador of the relevant country to our province and host their teams, especially the commercial attache,” he added. “Our guest ambassador introduces their country, directs future purchasing delegations, business people in search of commercial partnerships and those willing to invest in these provinces.”

He advised that Turkish entrepreneurs achieve a more in-depth understanding of those nations, go to them to develop and improve business cooperation, open workplaces and purchase or promote merchandise.

“Introducing Türkiye’s economic strategies through Anatolian Economic Diplomacy will contribute significantly to trade, agriculture, industry, service sector, education, health and gourmet tourism,” mentioned Önügören.

“While also introducing the local cuisine, it provides the opportunity to observe firsthand the potential for international students, tourism and health tourism, as well as regional products in agriculture and the export potential in all commercial sectors.”

Cities visited to this point:

Nigerian ambassador – Çorum

UAE ambassador – Kayseri

Hungarian ambassador – Samsun

Rwandan ambassador – Gebze

South Sudan ambassador – Niğde

New Zealand ambassador – Gaziantep

Ambassadors of Lithuania, Latvia and Estonia – Hatay

Indian ambassador – Denizli

Italian ambassador – Bursa

Source: www.dailysabah.com

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