Mehmet Şimşek to US investors: Our economy is resilient to shocks and the investment environment has been strengthened

As part of the first day of the conference, the "Turkey's Economic Outlook and Investment Opportunities Meeting" was held in cooperation with Citi, with the participation of Minister of Treasury and Finance Mehmet Şimşek and Central Bank of the Republic of Turkey (TCMB) Governor Fatih Karahan.

Furthermore, the "Industry and High Technology Roundtable Meeting" was held at the conference in cooperation with Concordia, with the participation of Minister of Industry and Technology Mehmet Fatih Kacır, followed by the "Turkey Investment Conference Evening Reception," which brought together Minister of Trade Ömer Bolat, Minister of Industry and Technology Mehmet Fatih Kacır, TCMB Governor Fatih Karahan, and more than 400 leading business people from the Turkish and American business worlds.

The Turkey's Economic Outlook and Investment Opportunities Meeting, attended by Minister Şimşek and TCMB Governor Karahan, covered the roadmap of the Medium-Term Program (OVP) announced at the beginning of September, as well as Turkey's investment environment and prominent sectoral opportunities. At the meeting, TCMB Governor Karahan made assessments regarding monetary policy and the macroeconomic outlook.

The meeting addressed the medium and long-term outlook of the Turkish economy. Additionally, discussions touched upon Turkey's strong production infrastructure, strategic geographical location, advanced transportation and logistics connections, and the opportunities it offers for high value-added investments, particularly in terms of access to regional markets, green and digital transformation, advanced manufacturing, defense and aviation, health and health tourism, logistics-transportation, and digital technologies.

Minister Şimşek met with US direct investors at the meeting.

In the statement, which included his views from the meeting, Şimşek emphasized that the Turkish economy is strong and resilient despite challenging global conditions and the war in the region, stating, "Our economy is resilient to shocks. The low level of our total debt ratio, our room for maneuver in public finance, decreasing external vulnerabilities, increasing international reserves, and the exit from the KKM (FX-protected deposit scheme) have also increased the resilience of our economy."

Touching upon the opportunities Turkey offers to investors, Şimşek noted the following:

"Turkey is a large economy that is growing strongly compared to its peers. We are a reliable supplier thanks to our strategic location, advanced manufacturing and service sectors, strong infrastructure, and qualified workforce.

We are accelerating green and digital transformation, industrial transformation, and productive infrastructure investments. With the tax incentives we have recently announced, we are also strengthening the investment and export environment.

From a sectoral perspective, we see significant opportunities in digital service exports, particularly in the defense industry, tourism, health tourism, television series, and mobile games.

The defense industry is also an important driving force in the transformation of our manufacturing industry."

News Source: 12punto