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͞ ƺŶLJĂĚĂ ŵĂŬŝŶĞ ƚĞĕŚŝnjĂƚ ƐĂŶĂLJŝ ͞/Ŷ ƚŚĞ ĮƌƐƚ ƚŚƌĞĞ ƋƵĂƌƚĞƌƐ ŽĨ
ƺƌĞƟŵŝŶŝŶ LJƺnjĚĞ ϭ͛Ğ LJĂŬŦŶ͕ ŵĂͲ ϮϬϮϯ͕ ǁŚĞŶ ŵĂĐŚŝŶĞƌLJ ĂŶĚ ĞƋƵŝƉ-
ŬŝŶĞ ƚĞĕŚŝnjĂƚ LJĂƨƌŦŵůĂƌŦŶŦŶ ŝƐĞ ŵĞŶƚ ŝŶĚƵƐƚƌŝĂů ƉƌŽĚƵĐƟŽŶ ŝŶ ƚŚĞ
LJƺnjĚĞ Ϯ͕ϱ ŬĂĚĂƌ ŬƺĕƺůĚƺŒƺ ϮϬϮϯ world shrank by nearly 1 percent
LJŦůŦŶŦŶ ŝůŬ ƺĕ ĕĞLJƌĞŒŝŶĚĞ͕ dƺƌŬŝͲ ĂŶĚ ŵĂĐŚŝŶĞƌLJ ĂŶĚ ĞƋƵŝƉŵĞŶƚ
LJĞ͛ĚĞ ĂLJŶŦ ǀĞƌŝůĞƌ ƐŦƌĂƐŦLJůĂ LJƺnjĚĞ investments by 2.5 percent, the
ϵ͕ϰ ǀĞ LJƺnjĚĞ ϭϭ͕ϱ ĂƌƨƔ ŐƂƐƚĞƌŝͲ same data in Turkey showed
ĂŶ ŝŶĐƌĞĂƐĞ ŽĨ ϵ͘ϰ ƉĞƌĐĞŶƚ ĂŶĚ
LJŽƌĚƵ͘ ƺŶLJĂ ŵĂů ŝŚƌĂĐĂƨŶŦŶ LJƺnjͲ
ĚĞ ϱ͕ ŵĂŬŝŶĞ ŝŚƌĂĐĂƨŶŦŶ LJƺnjĚĞ ϭ ϭϭ͘ϱ ƉĞƌĐĞŶƚ͕ ƌĞƐƉĞĐƟǀĞůLJ͘ dƵƌ-
key’s machinery manufacturers
ĚĂƌĂůĚŦŒŦ ƚĂŚŵŝŶ ŽůƵŶĂŶ LJŦůŦ͕ dƺƌͲ
ŬŝLJĞ͛ŶŝŶ ŵĂŬŝŶĞĐŝůĞƌŝ ŬƺƌĞƐĞů ŝŚͲ closed the year, in which it was
ĞƐƟŵĂƚĞĚ ƚŚĂƚ ǁŽƌůĚ ŐŽŽĚƐ Ğdž-
ƌĂĐĂƩĂŶ ĂůĚŦŒŦ ƉĂLJŦ LJƺnjĚĞ ϭ͕Ϯ͛LJĞ ports decreased by 5 percent and
LJĂŬůĂƔƨƌĂƌĂŬ ŬĂƉĂƴ͘ ŶĂ ƉĂnjĂƌŦͲ
machinery exports by 1 percent,
ŵŦnj ǀƌƵƉĂ͛ŶŦŶ ƐŽŶ ĕĞLJƌĞŬƚĞ ĨƌĞͲ by bringing their share in glob-
ŶĞ ďĂƐŵŦƔ ŽůŵĂƐŦŶŦŶ ǀĞLJĂ ŝŬŝŶĐŝ
al exports closer to 1.2 percent.
ďƺLJƺŬ ƉĂnjĂƌŦŵŦnj ŽůĂŶ ZƵƐLJĂ͛LJĂ Although we cannot yet predict
LJĂƉƨƌŦŵůĂƌŦŶ ŐŝĚĞƌĞŬ ƐŦŬŦůĂƔŵĂƐŦͲ ƚŚĞ ĞīĞĐƚƐ ŽĨ ŶĞdžƚ LJĞĂƌ͛Ɛ ĞīĞĐƚƐ
ŶŦŶ ŐĞůĞĐĞŬ LJŦůĂ ĞƚŬŝůĞƌŝŶŝ ŚĞŶƺnj on Europe, our main market,
ŬĞƐƟƌĞŵĞƐĞŬ ĚĞ ŝƐƟŬƌĂƌůŦ LJƺŬƐĞͲ having put the brakes on in the
ůŝƔŝŵŝnjŝŶ ƐƺƌĞĐĞŒŝŶĞ ŝŶĂŶŦLJŽƌƵnj͘ ůĂƐƚ ƋƵĂƌƚĞƌ Žƌ ƚŚĞ ƟŐŚƚĞŶŝŶŐ ŽĨ
ϯϬ ŵŝůLJĂƌ ĚŽůĂƌ ŝŚƌĂĐĂƚ ŚĞĚĞĮ ĚĞ ƐĂŶĐƟŽŶƐ ŽŶ ZƵƐƐŝĂ͕ ŽƵƌ ƐĞĐŽŶĚ
ŬŽLJĚƵŒƵŵƵnj LJĞŶŝ LJŦůĂ ĚĂŝƌ ƉůĂŶůĂͲ largest market, we believe that
ƌŦŵŦnjĚĂ ďĂƔƚĂ ^ĂLJŦŶ ƵŵŚƵƌďĂƔͲ ŽƵƌ ƐƚĞĂĚLJ ƌŝƐĞ ǁŝůů ĐŽŶƟŶƵĞ͘ /Ŷ
ŬĂŶŦŵŦnj͕ dŝĐĂƌĞƚ ŝůĞ ^ĂŶĂLJŝ ǀĞ dĞŬͲ our plans for the new year, for
ŶŽůŽũŝ ĂŬĂŶůĂƌŦŵŦnj ŽůŵĂŬ ƺnjĞƌĞ͕ ĞŶ LJĞƚŬŝůŝ ĂŒŦnjůĂƌŦŶ ŵĂŬŝŶĞ ǀĞ which we have set an export target of 30 billion dollars, we
ŬĂƚŵĂ ĚĞŒĞƌŝ LJƺŬƐĞŬ ĚŝŒĞƌ ƐĞŬƚƂƌůĞƌŝŵŝnjŝŶ ŬĂďŝůŝLJĞƚ ǀĞ ďĂƔĂͲ ĂƌĞ ĞŶĐŽƵƌĂŐĞĚ ďLJ ƚŚĞ ƐƚĂƚĞŵĞŶƚƐ ŽĨ ƚŚĞ ŵŽƐƚ ĂƵƚŚŽƌŝƚĂƟǀĞ
ƌŦůĂƌŦŶŦ ŐƂƌƺůƺƌ ŚĂůĞ ŐĞƟƌĞŶ ĚĞŵĞĕůĞƌŝŶĚĞŶ ĐĞƐĂƌĞƚ ĂůŦLJŽƌƵnj͘ voices, especially our President, our Ministers of Commerce,
DĂŬŝŶĞ ƐĞŬƚƂƌƺŶƺŶ ďĂƔĂƌŦƐŦŶĂ LJĂƉŦůĂŶ ďƵ ǀƵƌŐƵůĂƌ͕ ƚĞŬŶŽůŽũŝ /ŶĚƵƐƚƌLJ ĂŶĚ dĞĐŚŶŽůŽŐLJ͕ ǁŚŽ ŵĂŬĞ ǀŝƐŝďůĞ ƚŚĞ ĐĂƉĂďŝůŝƟĞƐ ĂŶĚ
success of our machinery and other sectors with high added
ŐĞůŝƔƟƌŵĞŬƚĞ ŶĞ ŬĂĚĂƌ ŵĂŚŝƌ ŽůĚƵŒƵŵƵnjƵ ƌĂŬĂŵůĂƌůĂ ŽƌƚĂLJĂ
ŬŽLJĂƌĂŬ ŝƚŚĂůĂƚĂ ďĂŒŦŵůŦ ďŝƌ ƺůŬĞ ŽůĚƵŒƵŵƵnj ƉƌŽƉĂŐĂŶĚĂůĂƌŦŶŦ value. “This emphasis on the success of the machinery industry
ĚĂ ĕƺƌƺƚŵƺƔ ŽůƵLJŽƌ͘͟ reveals with numbers how skilled we are in developing tech-
nology, and refutes the propaganda that we are an import-de-
ƉĞŶĚĞŶƚ ĐŽƵŶƚƌLJ͘͟
͞ ͛ŶŝŶ ŬƺƌĞƐĞů ƟĐĂƌĞƩĞ ŐĞƌŝůĞŵĞƐŝŶŝŶ ŶĞƟĐĞůĞƌŝ ƂŶĞŵůŝ
ŽůƵƌ͟
͞dŚĞ ĐŽŶƐĞƋƵĞŶĐĞƐ ŽĨ ƚŚĞ h͛Ɛ ĚĞĐůŝŶĞ ŝŶ ŐůŽďĂů ƚƌĂĚĞ ǁŝůů ďĞ
ƐŝŐŶŝĮĐĂŶƚ͟
<ĂƌĂǀĞůŝŽŒůƵ dƺƌŬŝLJĞ͛ŶŝŶ ĞŶ ďƺLJƺŬ ŝŚƌĂĐĂƚ ƉĂnjĂƌŦ ǀƌƵƉĂ ŝƌůŝͲ
Œŝ͛ŶĚĞŬŝ ďĞůŝƌƐŝnjůŝŬůĞƌŝŶ͕ ƐĞŬƚƂƌƺŶ ĚŦƔ ƟĐĂƌĞƚ ƉĞƌĨŽƌŵĂŶƐŦ ƺnjĞͲ <ĂƌĂǀĞůŝŽŒůƵ ƚŽƵĐŚĞĚ ƵƉŽŶ ƚŚĞ ĞīĞĐƚƐ ŽĨ ƚŚĞ ƵŶĐĞƌƚĂŝŶƟĞƐ ŝŶ
ƌŝŶĚĞŬŝ ĞƚŬŝůĞƌŝŶĞ ĚĞŒŝŶĞƌĞŬ͕ ͞ ǀƌƵƉĂ͛ĚĂ LJƺŬƐĞŬ ĨĂŝnjůĞƌ ŬĂĚĂƌ͕ the European Union, Turkey’s largest export market, on the for-
ƐŽŶ ĚƂŶĞŵĚĞ ƐĂŶĂLJŝ ŐƺŶĚĞŵŝŶĚĞŬŝ ƚĞŵĞů ďŝƌ ďĞůŝƌůĞLJĞŶ ĚĞ eign trade performance of the sector and said, “As much as
zĞƔŝů DƵƚĂďĂŬĂƚ ƐƺƌĞĐŝLJůĞ ŽƌƚĂLJĂ ĕŦŬĂŶ ĞŶƚĞŐƌĂƐLJŽŶ ƐŽƌƵŶůĂƌŦ͘ high interest rates in Europe, a fundamental determinant of
͛ŶŝŶ ďƺLJƺŬůƺŬ ǀĞ ƐĂƨŶ ĂůŵĂ ŐƺĐƺ Őŝďŝ ŬŽŶƵůĂƌĚĂŬŝ LJƺŬƐĞŬ ƚŚĞ ŝŶĚƵƐƚƌŝĂů ĂŐĞŶĚĂ ƌĞĐĞŶƚůLJ ŝƐ ƚŚĞ ŝŶƚĞŐƌĂƟŽŶ ƉƌŽďůĞŵƐ ƚŚĂƚ
ĐĂnjŝďĞƐŝŶĞ ƌĂŒŵĞŶ͕ ďŝƌĕŽŬ ĞŬŽŶŽŵŝŬ ďƂůŐĞ ŝůĞ ƐĞƌďĞƐƚ ƟĐĂͲ emerged with the Green Deal process. Despite the EU’s high at-
ƌĞƚ ĂŶůĂƔŵĂƐŦ ŝŵnjĂůĂŵĂŬ ŬŽŶƵƐƵŶĚĂ ŐŝĚĞƌĞŬ ŵƺƚĞƌĞĚĚŝƚ ŚĂůĞ ƚƌĂĐƟǀĞŶĞƐƐ ŽŶ ŝƐƐƵĞƐ ƐƵĐŚ ĂƐ ƐŝnjĞ ĂŶĚ ƉƵƌĐŚĂƐŝŶŐ ƉŽǁĞƌ͕ ŵĂŶLJ
ŐĞůŝLJŽƌ͘ ĂƔůĂŶŐŦĕƚĂ ǀƌƵƉĂůŦ ŝƔůĞƚŵĞůĞƌŝŶ ŬƺƌĞƐĞů ƌĞŬĂďĞƚĕŝůŝͲ economic regions are increasingly hesitant to sign a free trade
ŒŝŶŝ ŬŽƌƵŵĂŬ ǀĞ ŐĞůŝƔƟƌŵĞŬ ƺnjĞƌŝŶĞ ŝŶƔĂ ĞĚŝůĞŶ zD͛ŶŝŶ ĚĂͲ agreement with the EU. The social and environmental princi-
LJĂƴŒŦ ƐŽƐLJĂů ǀĞ ĕĞǀƌĞƐĞů ŝůŬĞůĞƌ ŬĞŶĚŝ ŝƔ ĚƺŶLJĂƐŦŶŦ njŽƌĂ ŝƚĞƌĞŬ͕ ƉůĞƐ ŝŵƉŽƐĞĚ ďLJ ƚŚĞ ŽŶƐƟƚƵƟŽŶĂů ŽƵƌƚ͕ ǁŚŝĐŚ ǁĂƐ ŝŶŝƟĂůůLJ
ŶŽƌŵůĂƌŦŶ ĚĂŚĂ ŐĞǀƔĞŬ ŽůĚƵŒƵ ǀĞ ŝŶ͛ĚĞŬŝ ŝŵĂůĂƚĕŦůĂƌŦŶŦŶ ďƵŝůƚ ŽŶ ƉƌŽƚĞĐƟŶŐ ĂŶĚ ŝŵƉƌŽǀŝŶŐ ƚŚĞ ŐůŽďĂů ĐŽŵƉĞƟƟǀĞŶĞƐƐ
ƂŶƺŶƺ ĂĕŦLJŽƌ͘ ǀƌƵƉĂ ŝƌůŝŒŝ͛ŶŝŶ ŬƺƌĞƐĞů ƟĐĂƌĞƩĞ njĞŵŝŶ ŬĂLJͲ of European businesses, pushes its own business world into dif-
ĮĐƵůƟĞƐ ĂŶĚ ƉĂǀĞƐ ƚŚĞ ǁĂLJ ĨŽƌ ŵĂŶƵĨĂĐƚƵƌĞƌƐ ŝŶ ƚŚĞ h^ ĂŶĚ
ďĞƚŵĞ ŝŚƟŵĂůŝ͕ ƟĐĂƌĞƟŶŝŶ ďƺLJƺŬ ďƂůƺŵƺŶƺ ďƵ ďƂůŐĞLJůĞ LJĂͲ
ƉĂŶ dƺƌŬŝLJĞ͛LJŝ ĚĞ ĚƺƔƺŶĚƺƌŵĞůŝ͟ ĚĞĚŝ͘ China, where norms are looser. “The possibility of the European
Union losing ground in global trade should also make Turkey,
ǁŚŝĐŚ ĚŽĞƐ ŵŽƐƚ ŽĨ ŝƚƐ ƚƌĂĚĞ ǁŝƚŚ ƚŚŝƐ ƌĞŐŝŽŶ͕ ƚŚŝŶŬ͕͟ ŚĞ ƐĂŝĚ͘

ϭϬ bƵďĂƚ Ͳ &ĞďƌƵĂƌLJ ϮϬϮϰ