Minister of Trade Ömer Bolat, who attended the Istanbul College Cerrahpaşa Chief Summit program, beneath the name of “Home Applied sciences, Industry and Innovation”; mentioned synthetic intelligence and innovation-oriented transformation. Minister Bolat mentioned, “Along with our good fortune within the protection and aviation sector, the Turkish car trade stands proud as some of the prestigious sectors of our nation with its annual exports of over 35 billion greenbacks. Profiting from complicated generation and a forged provide chain, the Turkish car trade no longer best has important export revenues.” “It no longer best helps the nationwide economic system, but additionally encourages innovation and pageant in our nation,” he mentioned.
Minister of Trade Ömer Bolat attended the ‘Leaders Summit Home Applied sciences Industry and Innovation’ program held at Istanbul Cerrahpaşa College’s Avcılar Campus. Minister Bolat, who made a speech on the program, mentioned, “Our global goes via an cutting edge length that hasn’t ever been observed in historical past. Corporations and industries are going via a metamorphosis that hasn’t ever been skilled earlier than with applied sciences akin to synthetic intelligence, quantum, biotechnology, nanotechnology, blockchain, digital and augmented truth. This procedure This can be a length wherein those that transfer ahead with a focal point on innovation and make investments extra in R&D run forward and win. With this consciousness, we, too, inside the framework of the “Turkey Century” imaginative and prescient decided through our esteemed President, “We proceed our paintings through mobilizing all our sources to make our nation’s innovation ecosystem extra sexy. Our goal is to turn out to be our nation into a middle of enchantment for cutting edge corporations that produce complicated applied sciences. With this working out, we’re imposing research that can make sure the technological transformation of our nation and building up its export capability.” used.
“Türkiye controlled to care for its enlargement efficiency even throughout the pandemic length”
Pointing out that the Turkish economic system grew throughout the pandemic length, Minister Ömer Bolat mentioned, “I want to particularly emphasize that within the post-pandemic length, not like historic tendencies, the rise in world business quantity is beneath the worldwide financial enlargement. As an issue of reality, the rise in world business quantity is anticipated to be 2.7 % in 2024. For 2025, it’s predicted to stay beneath the historic moderate (3.5 % within the 2000-2019 length) and beneath the worldwide enlargement price of three %. World business lowered through 1.1 % in 2018. As well as, nominal global items exports, which lowered through 4.3 % closing 12 months, remained susceptible within the first part of this 12 months, consistent with Global Industry Group knowledge. It larger in an overly restricted approach through 8%. Regardless of all this tough world conjuncture, we proceed to obtain sure effects from the commercial program we carried out with choice. At the one hand, we’re improving in no time from the earthquake crisis we skilled closing 12 months; However, the function of decreasing inflation is a concern; We’re effectively progressing against financial enlargement, employment, exports and swiftly decreasing the present account deficit. “The Turkish economic system, which controlled to care for its enlargement efficiency even throughout the pandemic length, controlled to develop through 1.9 % in 2020, 11.4 % in 2021, 5.5 % in 2022 and 5.1 % in 2023,” he mentioned.
“Türkiye has grow to be the 4th biggest economic system in Europe”
In step with IMF knowledge; Pointing out that Turkey is the 4th biggest economic system in Europe as of 2023, Minister Bolat mentioned, “Our economic system will develop through 5.1 % in 2023, rating 1st amongst OECD nations, second in Europe, and third amongst G-20 nations.” Our according to capita nationwide source of revenue larger through 24.2 % to 13 thousand 243 greenbacks within the first quarter of 2024. The contribution of internet exports of products and products and services to the expansion price of five.3 % in the second one quarter and a pair of.1 % within the 3rd quarter of 2024 was once 1.9 issues. . (1.9 issues within the 1st quarter, 1.5 issues within the second quarter, 2.2 issues within the third quarter) As of the 3rd quarter result of 2024, the Turkish economic system has accomplished uninterrupted enlargement for the closing 17 quarters. As well as, within the 3rd quarter of 2024, our financial measurement reached 1 trillion 260 billion greenbacks (2023: 1 trillion 130 billion greenbacks) and thus the document was once renewed. “In step with IMF knowledge, as of 2023, Turkey has grow to be the seventeenth biggest economic system on the earth relating to present costs and trade charges, the eleventh biggest economic system on the earth and the 4th biggest economic system in Europe consistent with buying parity,” he mentioned.
“The pastime in electrical automobiles is expanding in our nation, as in the remainder of the sector.”
Pointing out that Turkey, as Turkey, is taking decided steps against having a swiftly creating electrical car marketplace with the pastime caused through TOGG’s arrival at the roads, Minister of Trade Bolat mentioned, “Lately, Turkey is construction its personal warship, unmanned aerial automobiles and portions and portions of airplane, layered This can be a nation that may produce many top value-added and technological merchandise, from the machines required for manufacturing. We’re happy to look that our protection trade has been rising with nice momentum lately and has bolstered its place amongst world gamers. Within the protection trade, the place we rank eleventh on the earth, our manufacturing quantity is 12.2 billion greenbacks and our exports are 5.5 billion greenbacks. Optimistically, we can building up this to six.5 billion greenbacks through the tip of 2024, along with our good fortune within the protection and aerospace sector, over 35 billion greenbacks once a year. With its exports, the Turkish car trade stands proud as some of the prestigious sectors of our nation. Profiting from complicated generation and a forged provide chain, the Turkish car trade no longer best helps the nationwide economic system with important export revenues, but additionally encourages innovation and pageant in our nation. Traits within the box of electrical energy and electronics are built-in with the adjustments skilled through nearly all sectors, and thus they display a quicker and technological building. As you realize, we connect particular significance to investments that can allow us to have a say within the exponentially rising manufacturing of electrical and hybrid automobiles. Hobby in electrical automobiles is expanding in our nation, as in the remainder of the sector. As Türkiye, we’re taking decided steps against having a swiftly creating electrical car marketplace with the pastime caused through TOGG’s arrival at the roads. “Our function is to make our nation probably the most global’s main gamers in electrical car and battery manufacturing,” he mentioned.
“Türkiye has taken its position a number of the most sensible 50 maximum cutting edge nations, rating thirty seventh amongst 133 nations.”
Pointing out that Turkey has taken its position a number of the most sensible 50 maximum cutting edge nations through rating thirty seventh amongst 133 nations, Minister Bolat mentioned, “We see the sure reflections of the paintings we’ve performed for R&D and innovation in each box. On this context, the In step with the “World Innovation Index (GCI)” 2024 knowledge, Turkey is without doubt one of the most sensible 50 maximum cutting edge nations, rating thirty seventh amongst 133 nations. We now have this place because of the nice significance we connect to R&D and innovation and the sources we allocate. As an issue of reality, our gross home R&D expenditure will building up through 178 billion 873 million TL in comparison to the former 12 months. The ratio of our gross home R&D expenditure in GDP was once 1.32 % in 2022 and 2023. However, whilst patent packages lowered international for the primary time in 14 years in 2023, the entire collection of patent packages in Turkey larger through 3.6 % to 16,433. At this level, I want to open a parenthesis about Technoparks. Lately, in our 104 Technoparks, 91 of which might be lively, just about 11 thousand corporations proceed to paintings with just about 115 thousand body of workers to expose the hidden gem of our nation within the box of generation. We larger the collection of nationwide/world patent registrations originating from Technopark to two,106; “We’re rightfully pleased with expanding our collection of application fashion registrations to 553,” he mentioned. – ISTANBUL
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