DEIK President Olpak: Predictability is the Key to 2026

Chairman of DEIK Nail Olpak: A New Era in Global Trade

Indicating that we have entered an important process of change in global trade, Chairman of the Foreign Economic Relations Board (DEIK) Nail Olpak stated that DEIK will define the focus of its commercial diplomacy in the new era.

Forecasts for 2025 and 2026

In his assessments following the recent elections at DEIK, Olpak shared his expectations for 2025, noting that DEIK, with its 152 business councils, has identified 33 focus countries and expressed Turkey's efforts to become a rule-maker in the new global trade order.

Protectionist Barriers and Trade Agreements

Pointing out the impact of protectionist policies that began during former President Donald Trump's administration, Olpak drew attention to agreements and tariffs in Europe and India, emphasizing that the new approach for Europe is “Made in Europe,” stating that an updated Customs Union ranks among the top priorities.

Asia Pacific: Threat or Opportunity?

Olpak questioned, “China is not going to give up on production, so where will it sell its products?” suggesting that Turkey may experience a loss of market share, particularly indicating potential issues in the automotive and chemicals sectors.

The U.S. Strategy and Turkey

Stating that the U.S. has made significant improvements in its trade with China, Olpak emphasized that Turkey could be negatively affected, asserting that trade between the two countries should be increased to 100 billion dollars.

Investments in Syria and Expectations

Olpak remarked that it is still early regarding the reconstruction of Syria, expressing that the main need is for public infrastructure investments.

Glimmers of Hope for 2026

Olpak conveyed a more optimistic outlook for 2026, highlighting Turkey's expected 4 percent growth rate, exceeding 273 billion dollars in goods exports, and surpassing 123 billion dollars in service exports. He indicated that 2026 is expected to be a year of reforms, leading to a more favorable investment environment.

Increase in Membership

Olpak noted that the number of DEIK members has doubled in the last three terms, stating that this reflects DEIK's progress in the right direction.