Published October 13,2024
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The eleventh Türkiye Innovation Week 2024, supported by the Ministry of Trade and hosted by the Turkish Exporters Assembly (TİM), came about on the Haliç Congress Center underneath the theme “Out of the Box: Human, Culture, Model.“
The Innovation Champions Awards Ceremony featured notable attendees together with Vice President Cevdet Yılmaz, Finance Minister Mehmet Şimşek, and different key authorities officers.
In his speech, Minister Ömer Bolat emphasised that such organizations showcase Türkiye ‘s entrepreneurial spirit and progressive capability, contributing to the nation’s technological and mental growth consistent with the Türkiye Century imaginative and prescient.
Bolat highlighted that the world is present process an unprecedented progressive period, with corporations experiencing transformations via applied sciences like AI, quantum, and biotechnology. He reiterated Türkiye ‘s dedication to enhancing its innovation ecosystem.
He acknowledged, “Our goal is to make Türkiye a hub for startups and innovative firms that produce advanced technologies, both regionally and globally.”
Bolat identified that Türkiye has elevated its items and providers exports by 7.5 instances over the previous 22 years, with annualized items exports reaching $261.6 billion and providers exports hitting $111.1 billion as of September.
He famous that the present account deficit has lowered to $9.7 billion, with a surplus of $4.3 billion reported in August, marking three consecutive months of surpluses.
On the topic of excessive and medium expertise exports, Bolat acknowledged that Türkiye is approaching $100 billion, and the share of such merchandise in whole exports was round 40% final 12 months, with a aim to extend it to 50% by 2028.
Minister Bolat remarked that Türkiye is now a major participant within the expertise sector, manufacturing a wide range of high-value merchandise, together with its personal warships and drones.
He highlighted the protection trade’s progress, reaching $12 billion in annual manufacturing capability and $5.5 billion in exports, with a goal of $11 billion by 2028.
Bolat additionally famous that, in keeping with the 2024 Global Innovation Index by WIPO, Türkiye ranks thirty seventh amongst 133 nations, putting it among the many high 50 most progressive nations.
He confused the significance of addressing the present financial vulnerabilities, enhancing the funding setting, and enhancing technological transformation for export worth will increase.
Finally, Bolat acknowledged the profitable insurance policies carried out underneath President Recep Tayyip Erdoğan‘s management, which have fostered steady governance and contributed to Türkiye ‘s success story.
Source: www.anews.com.tr