Turkey achieves ‘preferred supplier’ status
Overwhelmed by the outbreak of the coronavirus pandemic, 2020 has been a year of change. As the global economy and trade turned upside down, production and lifestyles have been transformed severely. Yet, in countries that adopted the essential measures and conquered their fear, the economies started to recover as the production wheels turned.
Thanks to the financial measures adopted against the pandemic and the private sector’s power, Turkey managed to turn the pandemic’s negative impacts into constructive factors. Indeed, the country seems to be one of the few countries to end 2020 with positive growth. Moreover, World Bank forecasted a 4.5 percent growth in 2021 and projected a growth of 5 percent in 2022 for Turkey.
The year 2021 began with such perspective, and it will be the year where the coronavirus and vaccine people will be living together. Countries have been endeavoring to forge ahead by strengthening their immunities through vaccination. On the other hand, Turkey stands out as the most preferred point in the supply chain with its location near the European Union countries and its resilient production capacity. And, now, the country reinforces such advantages with its vaccination policies. The increase in the trade activities indicates Turkey’s capability and success in the struggle against the pandemic. The country continues to attract investors wishing to secure or diversify their supply chains.
I firmly believe that our government’s success and our private sector displayed in this digital transformation process will enable Turkey to remain among the countries with the greatest boom in the digital age.
President of the Istanbul Chamber of Commerce