The competitive strength of the industry is being strengthened permanently.

The Minister of Treasury and Finance Mehmet Şimşek announced that important steps will be taken to permanently increase the competitiveness of Turkey's industrial sector. In his statement, he emphasized that the positive trend in industrial production continues. Particularly, he noted that industrial production grew by a year-on-year rate of 3.9% as of the January-August period, adjusted for calendar effects. This growth was made possible by an increase in 18 out of 24 manufacturing sectors.

Minister Şimşek expressed that they are focusing on capital goods and high-tech production areas to support the transformation of the industry and increase production capacity. He stated that a strong performance is aimed in these areas by 2025, and that they are also working on additional support to revitalize the weak trends in labor-intensive sectors.

Furthermore, he mentioned that necessary measures will be taken to limit the access of imported subsidized products that violate international rules to the domestic market of Turkey. These measures are believed to help protect local production and strengthen the industry’s position in international competition.

In conclusion, the Ministry of Treasury and Finance continues its determination to make our industry’s competitiveness permanent and strengthen the dynamics of sustainable growth. Minister Şimşek’s statements paint an encouraging picture for the future of local industry.