Trade Minister Ömer Bolat expressed on Tuesday the goal to information exporting firms within the means of inexperienced and digital transformation by way of a specifically designed program.
The program envisages protecting half of the consultancy service bills as much as TL 10 million (practically $305,000) offered to the businesses for a interval of 5 years.
Speaking on the introduction assembly for the “Green Deal Adaptation Project,” Bolat recalled that the Turkish economic system grew by 5.7% within the first quarter of this yr, with 1.6 proportion factors of this development coming from overseas commerce.
The minister emphasised that final yr’s exports reached $255.4 billion, the best stage within the historical past of the republic, and acknowledged that mutual commerce between Türkiye and the European Union elevated to $211 billion in 2023 throughout the framework of the customs union association.
Noting that roughly $104 billion of this determine stemmed from Turkish exports and $107 billion from imports, Bolat stated, “Last year, 41% of the total foreign trade composition on the export side was made up of exports to the EU, and 30% of the import side was made up of imports from the EU.”
“From 2002 to May of this year, $267.1 billion of foreign direct investment came to Türkiye, with $110.2 billion of this coming from EU sources,” he added.
Bolat acknowledged that the Green Deal Action Plan was created to advance the financial integration offered by the customs union and to ascertain a street map for adapting to the attainable results of local weather change insurance policies on the worldwide commerce order.
Furthermore, he stated that the sectors decided beneath the EU’s “Carbon Border Adjustment Mechanism” (CBAM) are iron-steel, cement, aluminum, fertilizer, electrical energy and hydrogen and textile and clothes and that these sectors are probably the most rapidly and closely affected by the inexperienced transformation course of.
Emphasizing the necessity for these sectors to adapt rapidly to the carbon border regulation, Bolat stated, “The share of our exports from these six sectors in our total exports to the EU is 49%, that is, about half.”
Drawing consideration to the significance of offering complete help for elevating consciousness and making a street map for the method, Bolat acknowledged that legislative modifications, such because the eco-design guidelines that can come into impact throughout the framework of the transition to a round economic system, will instantly have an effect on exports to the EU.
Bolat talked about that regulating a digital product passport will turn into a rule for entry into the EU market and that such practices will make firm digital transformation necessary.
Explaining that they help exporters with the “Responsible Program” for the sustainability of exports because the ministry, Bolat added: “With the ‘Green Deal Adaptation Project’ to be implemented under the program, our goal is to guide our exporting companies in the green and digital transformation process.”
“We aim to ensure their compliance with green and digital transformation at the corporate level and make the sustainability of exports possible in this context. Under the Responsible Program, our ministry will support consultancy service expenses incurred by our companies up to a total of TL 10 million at a rate of 50% for five years.”
He additionally offered info that there’s a preliminary evaluation on the portal accessible at “responsible.gov.tr,” permitting firms that don’t enter the consultancy course of to research their present state of affairs.
Stages of this system
The minister additionally defined that this system has three predominant levels, detailing every stage.
“In phase 1, which constitutes the first stage, the company’s current situation analysis will be carried out within the framework of sustainability criteria and parameters determined on a sectoral basis,” he famous.
“In the second stage, technical and financial feasibility consultancy for implementing the sustainability road map on a project basis will be supported. Projects prepared with technical and financial feasibility will be directed from the Responsible portal to the IGE Guarantee Portal,” he added.
“In this way, our companies will be able to convey their financing demands for the project to be implemented through the portal to the banking sector, and they will be able to evaluate the credit offers coming from banks in a competitive environment through the portal.”
Bolat acknowledged that within the remaining stage, the monitoring and verification consultancy of the applied tasks can be supported, and the progress of exports and exporters can be tracked.
Explaining that they may also help the corporate’s IT and sustainability consultancy bills of the businesses for creating company infrastructure, the minister stated that inside this scope, cooperation can be established with the Public Oversight, Accounting and Auditing Standards Authority (POA) affiliated with the Ministry of Treasury and Finance.
Treasury and Finance Deputy Minister Abdullah Erdem Cantimur, for his half, acknowledged that the POA has been persevering with its work within the fields of monetary reporting and unbiased auditing because the yr it was established.
Cantimur famous that the general public oversight, high quality, assurance, inspection and sanction techniques established by the authority are equal to these of EU member states and have been accepted by the European Commission.
Source: www.dailysabah.com