Minister Bolat made an evaluation about the 2027-2029 period MTP announced by Vice President Cevdet Yılmaz.
In his statement on his virtual media account, Bolat said, "Today, under the leadership of the strong will put forward by our President Recep Tayyip Erdoğan and the policies and reforms he directed, the 2027-2029 Medium Term Program shared with the public by our Vice President Mr. Cevdet Yılmaz has revealed the road map of our economy for the next three years. The next 3 years of the economy are being rewritten: The target is growth, employment and prosperity. With our program that we have been implementing with determination for three years, the macroeconomic "While strengthening our stability, we also increased the production capacity, export power and resilience of our economy against external shocks. We expect our national income to exceed 1.8 trillion dollars for the first time in the history of our Republic by the end of 2026, and our per capita national income to exceed 20 thousand dollars. In line with our Strong Turkey target, strengthening a predictable, transparent, competitive and investor-friendly business and investment environment is prioritized during the Medium Term Program period."
'WE WILL SUPPORT HIGH ADDED VALUE AND TECHNOLOGY-INTENSE PRODUCTION'
Minister Bolat said, "During the program period, growth is aimed to gradually strengthen and reach 4.2 percent in 2027, 4.6 percent in 2028 and 5 percent in 2029. In the same period, it is envisaged that approximately 2.1 million additional jobs will be created and the unemployment rate will decrease to 7.6 percent. The priority of the Medium Term Program for a Strong Turkey in foreign trade is to further increase competitiveness and to give exports a stronger structure in terms of quality. This is Accordingly, the share of high value-added and technology-intensive products and services in exports will be increased. As a matter of fact, we see the concrete results of the policies we implemented today in the technology composition of our exports. The share of medium and high-tech products in our total exports increased from 40 percent in August 2024 to 44 percent as of August 2026. Our annualized exports have reached 280 billion dollars as of August, despite the difficult conditions in global trade and the slowdown in our trade partners. "We aim to increase our exports not only in quantity but also in terms of quality and added value. We aim to increase our exports of goods and services to 450 billion dollars by the end of the program period. In this context, we will support high value-added and technology-intensive production and exports, accelerate the transformation of our low and medium technology sectors, and strengthen the adaptation of our companies to green and digital transformation. While increasing the awareness and brand value of Turkish goods and services in international markets, we will increase the effectiveness of our trade agreements and strengthen our access to new markets."
'WE WILL MAKE Türkiye A STRONG PRODUCTION AND TRADE CENTER'
Bolat also said, "In addition to deepening our relations with the European Union, we will continue our efforts to develop our Distant Countries Strategy, our African initiative, Central Asia and our trade with the Turkish world with determination. We will diversify our supply sources and strategic trade corridors while developing our domestic production capacity in critical inputs, products and technologies. With strategic connectivity projects such as the Development Road, Zangezur Corridor, Central Corridor and Hejaz Railway, we will connect Turkey to global trade flows on the east-west and north-south axes." While we will create the capacity to respond to our increasing trade volume by strengthening our digital and physical infrastructure in our customs, we will continue to facilitate trade and continue our fight against illegal trade more effectively. We will also strengthen the financing opportunities that will pave the way for production, investment and export. Within the scope of the Manufacturing Industry Financing Support Program, we will provide 750 billion TL for medium-high and high-technology industrial investments. We will continue to provide billion TL YTAK loans. Our government will continue to support our industrialists who invest, produce, provide employment and export. In line with the development vision put forward by our President Recep Tayyip Erdoğan on the axis of 'Investment-Production-Employment-Export', we are building the Turkey Century with strong production, strong trade and strong exports. Our main goal is to grow while expanding the scale of our economy. "We will continue to work and produce for a strong Turkey, to move our exports to a higher value-added structure and to make our country one of the strategic centers of global trade," he said.
