Trade wars have no winners: Turkish industry minister
Turkey got through a difficult August during which its economy was targeted by foreign shocks that hurt currency exchange rates, he noted.
Earlier this month the U.S. lifted sanctions on two Turkish ministers imposed in September over the case of American pastor Andrew Brunson, who was being tried in Turkey on terrorism-linked charges. The pastor was released last month.
This week the Turkish lira recovered to a rate of 5.30 to the dollar.
“We focused on structural reforms to production with principal axes, indigenization, technology production, and branding,” he said.
“The program’s door is open to foreign investors, every company which invested in Turkey, the same with Turkish companies,” he said.
“Creating an investor-friendly environment is one of our government’s priorities while protectionism is accelerating in the world economy,” he stressed, adding: “The way to success lies through cooperation.”
Abdurrahman Kaan, the head of MÜSİAD, said the expo is being attended by over 8,000 people from over 100 countries including Germany, the Netherlands, France, China, Malaysia, Pakistan, the United Arab Emirates, Nigeria, and Angola.
Uganda is a secure country and it has an educated population of 40 million, he said.
Ibrahim Al-Senoussi, Sudan’s vice president, invited Turkish investors to Sudan to see opportunities in the country’s underground and overland wealth.
The four-day MÜSIAD Expo is being attended by company representatives, businesspeople, academics, journalists, non-governmental organizations, and politicians.