Trade Minister Bolat: Turkey Ranks in Upper Income Bracket Among Countries – Latest Update
Trade Minister Ömer Bolat highlighted the remarkable economic growth that Turkey has experienced over the last 22 years. He stated that in 2002, the national income was 230 billion dollars, but by last year, it had risen to 1 trillion 322 billion dollars. As a result, Turkey has now advanced to the league of countries with upper-income status according to the World Bank classification.
During a visit to Sakarya, Minister Bolat emphasized the importance of political stability in driving economic growth. He mentioned that despite global economic challenges and crises, Turkey has managed to achieve significant growth by maintaining stability and implementing various support measures such as income support, rent support, and unemployment insurance.
Minister Bolat also addressed the impact of major trade wars on Turkey and highlighted the importance of stabilizing prices to boost business volume. He mentioned that efforts are being made to ensure a return to normalcy for traders, industrialists, and business owners.
Regarding the earthquake recovery efforts in Sakarya and other affected provinces, Minister Bolat reassured that significant progress has been made in rebuilding infrastructure and supporting the affected communities. He also expressed optimism about the future economic outlook of the country and emphasized the importance of continued development in logistics and exports.
In conclusion, Minister Bolat expressed confidence in Turkey’s ability to navigate through the challenging global economic landscape and achieve sustainable growth in the coming years. He also extended his best wishes for the holy month of Ramadan to all participants and concluded the program with a question and answer session with the press and business community.
