Turkish Trade Minister says consumer goods imports will decrease further

Minister of Trade Ruhsar Pekcan said consumer goods imports have decreased by 20 per cent in the last year, and that the government is aiming for further reductions, reported Turkish daily Hürriyet on Monday.

“We have reduced consumer goods imports significantly already, by 20 per cent last year, but we won’t expect 20 per cent any more. Five per cent is a more reasonable reduction in imports,” said Minister Pekcan.

The ministry has taken precautions and increased safety controls at the borders to send back goods unsuitable for the market, said the minister and added: “If you don’t allow the goods in a few times, companies stop sending faulty goods.”

The minister announced the Main Plan for Exports last week and shared Turkey’s strategy in five sectors and 17 countries with journalists in a private meeting with Deputy Minister of Trade Rıza Tuna Turagay, Eximbank Director Enis Gültekin and ministry bureaucrats, said Hürriyet.

“We continue to work on a roadmap with the United States on what we can buy and sell. We can raise our foreign trade volume with the United States to 75 billion dollars in 2030, and with the Strategic Plan this number will rise to 100 billion dollars in 2035,” said Pekcan. 

The minister added that she and U.S. Secretary of Commerce Wilbur Ross had a meeting during her last visit to the United States and that Secretary Ross will be visiting turkey on September 6 to discuss details on a working group, reported Hürriyet.

Ruhsar Pekcan said, “In the coming week we have the Retail Act. Next is the Product Safety Act, then Wholesalers Act. There is also Specialised Free Zones Act.”

“We believe all exports can be moved to the blockchain. Virtual currencies are under our ministry’s jurisdiction, and we are working on adapting our systems. We have a joint project with Singapore, because they are a leader in this matter,” said the minister.