Turkish exports face challenges due to rising costs and unfavorable exchange rates, threatening the 2024 $267 billion export target.
Turkish exports face challenges due to a 100%+ rise in production costs and unfavorable exchange rates, raising doubts about the 2024 $267 billion export target. Exporters' difficulties include a 25% rise in the dollar exchange rate and inflation. Mustafa Gultepe, Chairman of the Turkish Exporters Assembly, calls for exchange rates to align with inflation within a 5% deviation to support exporters.
July 13, 2024
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