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New era of passwords in export

New era of passwords in export

Nail Olpak, Chairman of the Foreign Economic Relations Board (DEIK), who was the guest of the Independent Thoughts conference of the Independent Industrialists’ and Businessmen’s Association (MUSIAD) Bursa Branch, shared his export projections in the light of the developments in Turkey and the world.

Pointing out that the technological change in the world gained momentum with the pandemic, Olpak noted that concepts such as digitalization, logistics, accessibility and secure trade came to the fore in this process. He said that Turkey managed the supply chain in a healthy way during the pandemic period and passed this process successfully.

Stating that Turkey’s share in world trade exceeded 1% in 2021, Olpak stated that the target here is 1.5%.

Stating that the European Union has put forward a new design with the Green Agreement, Olpak pointed out that the most important risks in the upcoming period are exchange rates, interest rates and inflation. Noting that the world is currently going through a recession, Olpak said, “While our exports as Turkey are increasing, our production is also increasing. However, our profit is decreasing due to the euro/dollar parity. In addition, there is a significant increase in our imports. While our exports increased by 17 percent in 7 months, the increase in imports reached 41 percent.

Olpak stated that the Far East and the USA markets offer serious opportunities in order to overcome the risks, and as a result of the researches they carried out in the USA, the furniture, automotive and sub-industry sectors in this country are waiting for great opportunities.

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