New Export Support Mechanisms Enhance Competitive Power

New Support Measures Facilitating Exporters' Access to Finance

In order to facilitate the access to finance of Turkish exporters and to enhance their competitiveness in global markets, a comprehensive buyer credit support program has been initiated.

In this context, the Presidential Decision Amending the Export Support Law has been published in the Official Gazette and has entered into force.

Buyer Credits Providing Financing Advantages

According to information obtained from the Ministry of Trade, buyer credits facilitate entry into new markets at favorable costs with the financing advantages they provide. They support exporters by increasing commercial confidence and reducing financial risks in challenging countries.

Buyer credits provided by Turkish Eximbank will be supported with competitive interest rates along with medium and long-term loans, as well as short-term buyer credits such as letter of credit transactions. Additionally, interest support will be applied for investment goods exported within the scope of contracting projects undertaken abroad.

Increasing Competitiveness of Exporters Globally

With the new regulations, exporters will have the opportunity to access flexible and extensive financing options based on project scale and market dynamics. Thus, they will have the chance to export with low financing costs.

The scope of supports for export consortia will be expanded. Expenses for overseas unit leasing, basic setup/concept architectural work, and storage services will also be supported.

With these regulations, it is planned to support each company with consortium export status for a period of 5 years for each target market. The aim is to reduce the entry costs to international markets with the advantages of economies of scale and to increase value-added exports.