Tag is: Finance in Turkey

We do not tolerate illegal import methods in the Turkish market

by the Logistics TransportIn the Category: Logistics

Great Success in Textile Exports: $33 billion

Minister of Trade Ömer Bolat, He visited Laleli Industrialist Business People Association (LASİAD) and met with representatives of the textile sector. During the meeting, he made important statements about the export figures in the textile sector, the access of the sector to finance and access to foreign markets.

Value Added Production and Employment
Minister Bolat, drawing attention to the importance of the textile sector for the Turkish economy, ⁇ Despite the contraction in global markets last year, our textile exports reached 33 billion dollars. The textile sector makes a great contribution to the economy with the employment and value-added production it creates in the sub-sectors. This broad sector will always continue to be very valuable to us, ⁇ said.

Access to Financing and Supports

Financial Supports and Measures
Minister Bolat stated that they have taken various measures to overcome the challenges faced by the sector. ⁇ We provided serious support to our sector and prevented the decline in exports. We will take the necessary steps to make the textile and apparel sector better. We also continue to support access to financing. ⁇ He used his expressions.

International and Domestic Fair Participations
As the Ministry, they continue to provide support especially in foreign fair participations, promotion at fairs held in Turkey, e-export and branding.

Compliance with the Rules and Measures in Imports

It will not be tolerated
Minister Bolat stated that they will take measures within the framework of international rules regarding increasing imports, ⁇We do not have the slightest tolerance against those who try to seize the Turkish market with illegal import methods. We stand by our textile exporters. We will also apply international rules against the problems experienced in imports. Turkey will rise to higher ranks in textiles and apparel. Our country is a quarterback in the sector. Our next goal is to carry our successes even higher, ⁇ said.

Countries still unable to agree on COP29 funding target

by the Logistics TransportIn the Category: Logistics

A negotiation document issued by the UN climate body revealed the differences between the countries ahead of next month's meeting in Baku, where negotiators will try to advance some of the most challenging issues.

With less than three months to go before this year's COP29 UN climate talks, countries are still far from agreeing on a new funding target to help developing countries cope with climate change, the summit's biggest task.

The document proposes seven options for a possible COP29 deal, reflecting countries' competing positions. The new target will replace existing commitments by rich countries to provide developing countries with $100 billion in climate finance each year.

Developing countries want a much larger funding target. Donor countries such as Canada and the 27-nation European Union say straining national budgets means a huge increase in public funding.

One option in the document sets the goal of providing $441 billion in grants each year for developed countries and mobilizing a total of $1.1 trillion in funding annually from all sources, including private funding, from 2025 to 2029.

Mukhtar Babayev, Azerbaijan's minister of ecology and natural resources, said that the COP29 presidency will hold intensive negotiations on the financial goal ahead of the COP29 summit in Baku in November.