Minister of Commerce Bolat met with MÜSİAD High Advisory Committee

Minister of Commerce Ömer Bolat stated that in his meeting with the Independent Industrialists' and Businessmen's Association (MÜSİAD) High Advisory Committee, they comprehensively discussed the current outlook of the Turkish economy, foreign trade performance and targets for the coming period.

Minister Bolat shared a post on his social account about his meeting with MÜSİAD High Advisory Committee.

Stating that under the leadership of President Recep Tayyip Erdoğan, they continue to work determinedly to move the country's production, investment, employment and export capacity forward in line with the Turkey Century targets, Bolat said, "Today, in Istanbul, we came together with the MÜSİAD High Advisory Board and comprehensively discussed the developments in the global economy, the current outlook of the Turkish economy, our foreign trade performance and our goals for the coming period." made his assessment.

Bolat pointed out that we are going through a difficult period in which protectionism in global trade has increased and geopolitical tensions and uncertainties in energy markets have affected the world economy.

Stating that they are closely following the reflections of these developments on global growth, production costs, supply chains and international trade, Bolat noted that they are determinedly continuing the policies that will increase Türkiye's resilience against external shocks.

"We achieved a 10.5 billion dollar increase in our exports"

Bolat stated that the Turkish economy continues to grow uninterruptedly despite all these global and regional difficulties, and made the following evaluations:

"With the 2.3 percent growth we recorded in the second quarter of 2026, our economy has maintained its uninterrupted growth success for the last 24 quarters, in other words for 6 years. While our annual national income reached 1 trillion 706 billion dollars, our employment exceeded 32.5 million people, and our unemployment rate maintained its single-digit course at 7.8 percent, the lowest level of the last 40 months. We continue to improve our production and export capacity in our foreign trade. "In the January-September period of 2026, we increased our exports by 5.2 percent compared to the same period of the previous year, reaching 211 billion dollars. We achieved an increase of 10.5 billion dollars in our exports in the first 9 months."

Emphasizing that medium-high and high-technology product exports reached a record level of 117.6 billion dollars on an annual basis, Bolat also noted that the increase in services exports to 124.9 billion dollars in 2025 and a foreign trade surplus of 63 billion dollars are among the important developments that strengthen Türkiye's position in global trade.

Stating that they expect annual exports of goods and services to exceed 409 billion dollars as of September, Bolat said:

"In line with the strong vision of Turkey put forward by our President, Mr. Recep Tayyip Erdoğan, our main priorities are to make our exports have a higher value-added and technology-intensive structure, to facilitate our exporters' access to finance, to support their opening to new markets, to accelerate their green and digital transformation and to increase our country's share in global trade. We would like to thank the MÜSİAD High Advisory Board for their kind invitation and hosting, and we would like to express our gratitude to the business that contributes to our country's production, investment and export targets. "I hope that the consultations we held with the valuable representatives of our world will lead to beneficial results."