New Export Support Mechanisms Increase Competitive Power

New Supports Facilitating Access to Financing for Exporters

In order to facilitate exporters' access to financing and to increase their competitiveness in global markets, a comprehensive buyer credit support program has been launched.

Within this framework, the Presidential Decree Amending the Decision on Export Support 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 with suitable costs by providing financing advantages. They support exporters by increasing commercial trust in countries facing difficulties and reducing financial risks.

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

Increasing the Global Competitiveness of Exporters

With the new regulations, exporters will have the opportunity to access flexible and broad financing options tailored to 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 related to foreign unit leasing, basic setup/concept architecture costs, and storage services will also be supported.

With these regulations, it is planned that companies with export consortium status will be supported for 5 years for each target market. It aims to reduce entry costs to international markets through the advantages of economies of scale and to increase value-added exports.