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Finance and Finance Minister Lutfi Elvan of Turkey stressed that new and reliable ports looking for investors offer very attractive opportunities, “for the sake of the economy to make an investment attraction hub in Turkey and launched a new campaign in the legal field, “he said.
Elvan attended the International Investor Summit organized by the International Association of Investors (YASED) and gave a speech.
Stating that no one predicted 2020 will pass like this at this time last year, Elvan said there have been extraordinary periods that have never been experienced before.
Noting that the new type of corona virus (Covid-19) epidemic has shaken balance sheets around the world, Elvan reported that global trade is expected to decline by 9.2 percent and international direct investment by 40 percent. cent this year.
Emphasizing that the tourism and services sector has taken very serious hits, Elvan said: “As a result of all this, the global contraction is expected to be 4.4 percent in 2020. Therefore, the period after the pandemic offers many opportunities, “he said.
Stating that he wanted to underline two points at this point, Elvan made the following assessment:
“The first of these is the transformation that began in global value chains. With the pandemic, multinational companies have personally experienced and painfully experienced the downsides of sticking to a single supplier in production. Countries that can make the most of this opportunity will be the winners of the new era.
The second point I want to mention is the fact that there is currently lagging demand on both the consumption and investment fronts. As soon as markets return to normal, countries that have the capacity and equipment to meet this demand will have the opportunity to outperform their competitors and grow their economies rapidly. Such a conjuncture in Turkey, offers very attractive opportunities for themselves, a new and safe haven for investors seeking. “
“WE HAVE A SOLID SUPPLY INFRASTRUCTURE”
draws attention to the advantage of Turkey, Elven, “Extremely advanced production and R&D of our infrastructure. Turkish industry can produce almost any developed product. In our preceding, more diverse product line, we have the product space. The owner was our capabilities, across industries We have a seamlessly functioning supplier infrastructure that can adapt quickly to changing conditions in the manufacturing industry.
A dynamic start-up environment grows stronger every day, especially in the Fintek, biotech and gaming industries. The diversity of logistics facilities offers us incentives, the most important of all our dynamic and qualified workforce from the abdomen of entrepreneurs who invest in Turkey and improve productivity ”, he said.
The first in Turkey with this characteristic has to be the European market, anywhere in the Elvan of the world, stating that it has a unique potential for investors: “Here we have this potential, much more to promote and Turkey is the new name of the economy and the law to make a center of attraction for investments. We began a mobilization. We will decisively implement reforms that will make the future horizon of the investor predictable, “he said.
“I INVITE GLOBAL BRANDS TO OUR COUNTRY”
Emphasizing that they act with full coordination and team spirit in economic management, Elvan stated that they are working very hard to ensure macroeconomic stability, financial stability and price stability. Minister Elvan noted the following:
“We will solve all the problems that we face in a transparent, responsible, rational and predictable way within the framework of the rules of the market economy. We will implement policies that will bring credibility to the highest levels for domestic and foreign investors, no question mark It will remain in the mind of no one Our Central Bank has all kinds of vehicular independence.
Our monetary and fiscal policies will be in coordination. We will take measures to increase our competitiveness and total factor productivity with structural policies and micro reforms. At this point, we are well aware of the importance of foreign direct investment and the transformative power of the economy. We want the direct investments in our country to increase capacity.
Companies can expand their production facilities as well as take their R&D activities to our country. However, before the global brands that the evaluation in any way investment opportunities in Turkey would like to invite our country. I believe that these brands will have strong growth potential in the ecosystem that we offer. “
