MÜSIAD’s ‘economic diplomacy’ enhances Türkiye’s trade potential

MÜSIAD’s ‘economic diplomacy’ enhances Türkiye’s trade potential

In an effort to spice up the export potential of Anatolian cities and entice extra worldwide investments, one in all Türkiye’s prime business teams has launched a diplomacy initiative that includes visits to provinces throughout the nation by ambassadors, demonstrating their manufacturing capability on-site.

To date, the Independent Industrialists’ and Businessmen’s Association’s (MÜSIAD) “Anatolian Economic Diplomacy” venture has carried out visits to 10 provinces, the place ambassadors and their groups held talks and inspected exporting corporations.

The Turkish Exporters Assembly’s (TIM) month-to-month and yearly export bulletins share not solely the figures for main sectors, but in addition spotlight the efficiency of particular person provinces. The initiative to incentivize provinces conducting their maiden abroad shipments seems to be yielding constructive outcomes.

Currently, all 81 provinces in Türkiye are positioned as export cities. However, the January-November knowledge confirmed that northeastern Bayburt province achieved solely $28,000 (TL 827,386) in international gross sales. In distinction, Istanbul made exports price practically $90 billion in the identical interval.

The overarching aim is to extend the variety of provinces exceeding $1 billion in exports. More than 30 provinces achieved this mark within the first 11 months.

With December exports, the billion-dollar membership is predicted to increase additional. Considering the intention to conclude the yr with over $255 billion in exports, planning to succeed in $500 billion in the long run, each effort to combine every province into the billion-dollar export membership is effective.

Türkiye’s outbound shipments hit practically $233 billion from January via November, edging up by 0.7% from final yr. Imports rose 0.5% to $332.8 billion, in keeping with TIM knowledge. The 12-month rolling exports reached $255.8 billion.

Exports reached over $254 billion in 2022, lifting the earlier all-time excessive of practically $225.4 billion in 2021. Sales have been hit by the pandemic and dropped to as little as $169.5 billion in 2020.

Key function of exports

For Türkiye, which distinguishes itself from distant Asian nations like China via high quality manufacturing and stands out for its proximity to the first market, the European Union, exports play an important function in attaining development objectives. Therefore, there’s a have to scale outbound shipments and improve the variety of exporting corporations.

Italian Ambassador to Türkiye Giorgio Marrapodi (C) is accompanied by MÜSIAD executives during a visit to a factory in Bursa, northwestern Türkiye, Nov. 30, 2023.

Italian Ambassador to Türkiye Giorgio Marrapodi (C) is accompanied by MÜSIAD executives throughout a go to to a manufacturing facility in Bursa, northwestern Türkiye, Nov. 30, 2023.

Led by President Mahmut Asmalı, MÜSIAD’s initiative appears to handle this want.

Initiated in 2021 below the management of Osman Nuri Önügören, head of the MÜSIAD Diplomatic Relations Commission, the venture has remodeled into concrete steps to spice up the exports of Anatolian cities via the primary provincial visits in early 2023.

The Diplomatic Relations Commission continuously visits embassies, consulates and international missions to tell and enlighten them about Turkish corporations. With the “Anatolian Economic Diplomacy,” these interactions take a step additional by internet hosting international diplomats in numerous cities of Türkiye.

On-site visits

The extent to which envoys discover the nation past the capital and the way they contribute to the event of mutual financial and commerce relationships will not be an easy measure.

Önügören emphasizes that the first aim of the venture is to draw extra worldwide investments and improve exports. By involving ambassadors and Anatolian metropolis visits, he says they’ve exactly chosen provinces that align with this aim.

“In the 21st century, the language of trade has increasingly begun to transform into a form of economic diplomacy. Creating awareness about our provinces and their potential is facilitated through the visits of the ambassadors,” stated Önügören.

As a part of the venture, 10 ambassadors have visited 10 provinces so far. The final journey included a go to by Italian Ambassador Giorgio Marrapodi and his workforce to the northwestern province of Bursa.

The Bursa program featured speeches and shows about methods to extend mutual investments and commerce between the 2 nations, earlier than the delegation visited the province’s Governor Mahmut Demirtaş.

Demirtaş described Bursa’s industrial infrastructure, its distinctive options in tourism, and its standing as a fruit paradise.

The delegation went on to go to factories and services with excessive potential to contribute to the financial relations between Italy and Türkiye, significantly in textiles, equipment and expertise.

Closer understanding

Speaking to reporters in regards to the initiative and its impression, Önügören recalled a go to by the Nigerian ambassador to Çorum.

“The ambassador saw that a farming machine, similar to the one Nigeria bought from Germany, was also produced in Çorum. While still inside the factory, he called the Nigerian company and provided information. He brought the two companies together,” he stated.

“We had a similar situation with the ambassador of Hungary in Samsun. We visited Kayseri with the ambassador of the United Arab Emirates (UAE). After that visit, the ambassador connected 35 companies from Kayseri with various companies in his country.”

MÜSIAD President Mahmut Asmalı (L) and Italian Ambassador to Türkiye Giorgio Marrapodi, in Bursa, northwestern Türkiye, Nov. 30, 2023.

MÜSIAD President Mahmut Asmalı (L) and Italian Ambassador to Türkiye Giorgio Marrapodi, in Bursa, northwestern Türkiye, Nov. 30, 2023.

Önügören stated their aim is to introduce, clarify and produce collectively the export potential and aggressive facets, product qualities and firm infrastructures of the provinces to essentially the most competent representatives of international states in Türkiye to extend financial relations additional.

“In this context, we directly invite the ambassador of the relevant country to our province and host their teams, especially the commercial attache,” he added. “Our guest ambassador introduces their country, directs future purchasing delegations, business people in search of commercial partnerships and those willing to invest in these provinces.”

He instructed that Turkish entrepreneurs achieve a better understanding of those nations, go to them to develop and improve business cooperation, open places of work and purchase or promote merchandise.

“Introducing Türkiye’s economic strategies through Anatolian Economic Diplomacy will contribute significantly to trade, agriculture, industry, service sector, education, health and gourmet tourism,” stated Önügören.

“While also introducing the local cuisine, it provides the opportunity to observe firsthand the potential for international students, tourism and health tourism, as well as regional products in agriculture and the export potential in all commercial sectors.”

Cities visited up to now:

Nigerian ambassador – Çorum

UAE ambassador – Kayseri

Hungarian ambassador – Samsun

Rwandan ambassador – Gebze

South Sudan ambassador – Niğde

New Zealand ambassador – Gaziantep

Ambassadors of Lithuania, Latvia and Estonia – Hatay

Indian ambassador – Denizli

Italian ambassador – Bursa

Source: www.dailysabah.com