Tag is: the Trade Center

Uysan, Press Counselor of the Ministry of Trade: Turkey's customs system is closed to Israel in exports and imports

by the Logistics TransportIn the Category: Logistics

the Press Counselor Uysan, social media account X ⁇ ten, Ministry of Commerce, ⁇Trade with Israel continues through 3rd countriesReferring to the statement that he denied his claims, he shared on the subject.

The vice-president of the Republican People's Party, the Israeli Statistical InstitutePointing to the data of ⁇ , they reported that they followed their statements about the continued trade with Israel with astonishment and sadness. Uysan, found in the following assessments:

At a time when 41,000 people were martyred in Palestine, Gaza and the West Bank under Israeli oppression, dozens of people were killed and thousands wounded in Lebanon just two days ago, Mr. President, while our government and the Turkish people were fighting together with the Palestinian people, while Turkey was the only country in the world that stopped all trade with Israel, these groundless statements made in cooperation with the Israeli authorities with the aim of lies and distortion have nothing to do with the Palestinian cause and the interests of the Palestinians.

They only serve the interests of Israel. The most painful and shameful aspect of these statements is that the official customs and foreign trade systems of the Republic of Turkey and the data and statistics of the Turkish Statistical Institute are transparent and real, while the data of Israeli services and institutions for disinformation purposes are cited in these statements. Even this in itself makes it clear that the political and some media outlets that make this statement serve the interests of Israel with the aim of wearing down Turkey and the government, while not even mentioning the Palestinians, and from whom they receive information and guidance. Their only concern is to harm the great efforts of Turkey and its government for the oppressed Palestine, which strives the most for Palestine in the world, follows an honorable and dignified stance and policy in the face of the Israeli genocide, and is constantly thanked by all Palestinian officials. We have already witnessed from time to time that the Israeli authorities praised them in their social media posts.

Uysan, emphasized that the Republic of Turkey stands with the government and the people of Palestine as a whole.

“Turkey's customs system is partially closed to Israel since April 9, 2024, and fully closed to exports and imports since May 2, 2024.Uysan, who used the expression ⁇ , recorded the following sentences:

As we have explained, only the products that are approved by the Palestinian Ministry of National Economy, delivered to the Palestinians and needed by the Palestinian oppressed can be shipped after this compliance, provided that the destination is Palestine. However, the purpose of this choir of lies and slander is to sabotage even Turkey's exports to all countries of the world, to serve Israeli interests and to damage the processes of supplying even the products that the Palestinian oppressed need. In this regard, the Ministry of Trade made the necessary statement two days ago.

e-Export summit opens new cooperation doors for Turkish companies in international markets

by the Logistics TransportIn the Category: Logistics

Bolat evaluated the results of the Istanbul Global e-Export Summit, which was organized by the Electronic Commerce Operators Association (ETİD) under the auspices of the Ministry of Commerce and held on September 4-5 with the support of the Turkish Exporters Assembly (TİM).

Bolat reminded that important stakeholders of local and global e-commerce came together at the summit and said that the event was met with great interest from both physical and live broadcast channels.

Bolat reminded that the summit was attended by participants from countries such as the USA, China, Brazil, India, as well as Europe, MENA and ASEAN regions, which have a significant share in global e-commerce from America to Southeast Asia.

AboutYou (Germany), JD.com (China), Jumia (African continent), Otto (Germany), Ozon (Russia), Shopee (Singapore), Walmart (USA), Wayfair (USA), Wildberries (Russia), 29 foreign marketplaces and e-commerce solution partners, 3 local marketplace representatives physically, 4 global marketplaces are at the online summit, Bolat said, adding that more than 3,000 high-level participants gathered at the event.

Bolat informed that 51 presentations and panel sessions were held in 3 different halls with the participation of world-renowned experts, and that participants were informed about almost every issue that comes into contact with e-export, from logistics processes to digital marketing, and shed light on the current trends and future of exports.

Emphasizing that the summit, which brings together the leading brands of global and regional e-commerce, took place as an e-commerce fair, Bolat said:

⁇ 56 different companies participated in the summit with their stands. While Turkish companies had the opportunity to introduce their brands to senior managers with the stands they opened, they had the opportunity to establish permanent business partnerships. During the B2B meetings held during the summit, more than 300 Turkish companies met with important stakeholders of global e-commerce with 1350 pairings and held one-on-one meetings with high-level names. As the Ministry, we aim to increase the share of e-export in general exports to 10 percent. In line with this goal, we consider the importance of our exporters' access to information and establishing permanent business partnerships with the right people. With the events, the services we offer and the support we provide, we are moving forward with determination to achieve this goal. ⁇

⁇ 3 MORE THAN THOUSAND MARKET REPRESENTATIVES PARTICIPATED ⁇

ETİD President Hakan Çevikoğlu said that more than 3,000 high-level participants from global and regional marketplaces physically took part in the summit, where topics such as e-export, new generation technologies, digitalization and digital marketing, logistics and branding were discussed.

Pointing out that cross-border shopping has become popular in the e-commerce sector in the world, Çevikoğlu said that compared to the past, people have now started to shop from e-commerce sites on a global scale without fear.

Çevikoğlu stated that Turkish products attracted great interest in the international market and reminded that many world-renowned e-commerce site representatives from various continents attended the summit.

⁇ SELLING FASTER WITH LESS COST ⁇

Stating that the process is both long and costly when Turkish companies want to sell abroad from their own sites, Çevikoğlu said:

⁇ Our domestic companies have started to attract attention globally due to their product range, quality and affordable sales. For this reason, the world-famous e-commerce sites showed great interest in the summit we organized. Turkish companies that want to sell abroad both faster and at less cost have signed new agreements. Our domestic companies, which took a quick step into e-export with the aforementioned agreements, showed that Turkish products are high quality and affordable. Thus, both our domestic companies and foreign marketplaces gained. We think that these agreements will contribute $1.5 billion to Turkey's e-export in 2 years. ⁇

Çevikoğlu stated that Turkish companies that could not participate in the event can also access the necessary information to make sales from e-commerce sites abroad via the ⁇ Easy Export Platform ⁇ and ⁇ Supports ⁇ tab on the website of the Ministry of Trade or by calling ETİD Headquarters.

Emphasizing that they have received intense demand for the event to be held again, Çevikoğlu added that the event to be traditionalized is planned to be held in September next year.

From the source: AA

Tariff response from China to USA

by the Logistics TransportIn the Category: Logistics

China has reacted to the tariff increases that the U.S. imposed on some products imported from China on the grounds of protecting strategic industries.

China's Commerce Ministry said in a statement that all measures will be taken to protect the interests of Chinese companies while calling on the U.S. to return from its mistake.

China has previously protested against tariffs based on section 301 of the U.S. Trade Act, while the World Trade Organization has ruled that these tariffs violate trade rules, and China is extremely uncomfortable with and opposes tariff increases on some products.

Section 301 of the U.S. Trade Act of 1974 authorizes the President of the United States to take appropriate tariff-based and non-tariff-based measures, including retaliation, to counteract the effects of any act, policy, or practice of a foreign government violating international law.

China's trade secret revealed: 2,500 secret powers!

by the Logistics TransportIn the the Rail Transport, Category: Logistics, Shipping of goods

From the Jiangsu (Suzhou) International Railway Logistics Center in Suzhou, located in Jiangsu province of China, a wide range of products such as household appliances, auto parts, chemicals and passenger vehicles set out to be exported to Europe. Many of these goods will reach the warehouses of Chinese companies in Budapest, the capital of Hungary, and from there they will be distributed to Central and Eastern European countries.

REVOLUTION IN LOGISTICS STRATEGY

Chinese exporters are using cross-border e-commerce and overseas warehouses as a strategic advantage to increase competition in global trade. Traditionally, multinational companies would set up offices to test the market before investing in China. But with the opportunities offered by the fast-growing Belt and Road Initiative, Chinese exporters are leaving this old approach behind and investing directly in overseas warehouses.

TRADE SUPPORTED BY BIG DATA AND TECHNOLOGY

Overseas warehouses offer companies the flexibility to adapt quickly to changing market conditions. For example, Xuzhou Weijia Light Industry Co., Ltd, located in Jiangsu ⁇ , is rapidly delivering its products to the South American market with the overseas warehouse it has established in Brazil ⁇ . This warehouse accelerates the distribution of Chinese goods in the region, ensuring the continuity of the trade chain.

RISE OF INTERNATIONAL WAREHOUSE

According to the data of the Ministry of Commerce, the number of China's overseas warehouses has exceeded 2,500, and these warehouses cover a total area of 30 million square meters. 1,800 of these warehouses are dedicated to meet the needs of cross-border e-commerce. With targeted policy measures launched in June, the construction of overseas warehouses continues rapidly and private sector involvement is encouraged.

A STRONG TRADE INFRASTRUCTURE

Overseas warehouses serve as a strategic intermediary hub for Chinese goods. In addition to reducing logistics costs, these warehouses also play a critical role in dealing with shipping cost fluctuations during peak season. In addition, local storage reduces the need for expedited shipping, increasing trade volume and supply chain resilience.

This new strategy of China in international trade is considered an important step to overcome disruptions in the global supply chain and plays a vital role in the development of China's foreign trade.

G-20 record in service exports

by the Logistics TransportIn the Category: Logistics

The Ministry of Trade reported that Turkey ranked first among the G20 countries in the increase in service exports in the second quarter of this year compared to the previous quarter.

The Organization for Economic Co-operation and Development (OECD) has published its second quarter international trade statistics report for 2024.

In the statement, it was stated that the services sector has an important place in the country's economy with the export size, the positive critical contribution of the surplus in the foreign trade balance to the current balance, high value-added production and the employment it creates, and the following information was shared:

⁇ Our country; With the service exports of 101.7 billion dollars in the 100th year of our Republic, it has increased to 22nd place by taking a 1.29 percent share of the world service exports. In the first 6 months of 2024, where we set a service export target of 110 billion dollars, it is seen that our service exports increased by 9.5 percent compared to the same period of last year and reached 47.2 billion dollars, and our service imports realized as 23.1 billion with an increase of 11.8 percent compared to the same period of last year. Thus, we get an average trade surplus of 50 percent in services trading. ⁇

TURKEY IS THE MOST REDUCED COUNTRY IN THE SECOND QUARTER

According to the OECD's report, the rate of increase in G20 countries' goods exports remained constant compared to the first quarter of 2024, and service exports continued to grow in the same period, unlike goods exports, ⁇ Turkey ranks first in the G20 countries in the rate of increase in service exports in the second quarter of 2024 compared to the previous quarter, while the rate of increase in service imports in the said countries is the country with the highest decrease. ⁇ information was shared.

In the second quarter of last year, service exports of the G20 countries increased by 1.9 percent compared to the previous period, while the country's service exports increased by 4.7 percent.

In the same period, service imports of G20 countries increased by 1.1 percent, while service imports of our country decreased by 3 percent (seasonally adjusted data). In this respect, our country, which ranked first among the G20 countries in the increase in service exports in the second quarter of 2024, was also the country whose service imports decreased the most in the said period.

Sources of press

Russia's policy of resolute dedolarization continues: A new record was broken in the share of the ruble in imports

by the Logistics TransportIn the Category: Logistics

Central Bank of Russia In the data shared by, The Ruble → and the some foreign currencies Information on the use rates in foreign trade was included.

According to this, The share of the ruble in imports of Russia from Europe In June, compared to the previous month, it increased by 4.3 points to 58.7 percent and increased by 9.3 points to 54.1 percent in imports from Afrika ⁇ .

The share of the ruble in the imports of Russia with the increases in the said regions in the month in question A record 42.9 percent. It has arrived.

The share of the ruble in the country's exports Compared to the previous month in June Increased by 5.8 points increased to 43 percent.

According to the data shared, Russia's foreign trade Dollar and Euro Shares Compared to May in June Decreased from 20.1% to 18.3%.

Russia, Western countries the Sanctions Act Because of this, it is trying to reduce the share of the dollar and euro, which it considers as ⁇ poisonous ⁇ in its foreign trade.

In particular, the The BRICS team to reduce the dollar's share in international trade. Russia and China, The Dedolarization of The leading actors of the process.

The Central Bank of Russia, in its previous reports The currency of China is the yuan He emphasized that his share in foreign trade transactions continued to increase and the share of the dollar and euro continued to decrease.

It will be the biggest in the world!

by the Logistics TransportIn the Category: Logistics

Turkey-Gulf Cooperation Council (GCC) held the first round of negotiations on a free trade agreement (FTA).

According to the written statement made by the Ministry of Trade, the first round of FTA negotiations between Turkey and the GCC was held in Ankara.

The negotiations are taking place within the framework of a joint statement signed in March this year by Trade Minister Omar Bolat and GCC Secretary General Jassim Mohammad al-Budeiwi.

In the first round of the negotiations, detailed negotiations were held between the parties on the chapters of trade in services and facilitation of investments, including areas such as trade in goods, rules of origin, contracting, tourism and health.

The parties will continue the negotiations with online meetings and meet in Riyadh, the capital of Saudi Arabia, in the last quarter of the year for the second round of negotiations.

Negotiations are expected to be completed by the end of the year.

⁇ TOTAL TRADE OF GCC MEMBER COUNTRIES WITH THE WORLD 2,4 TRILLION DOLLARS

Turkey and the GCC member states (Bahrain, Qatar, Kuwait, Saudi Arabia, United Arab Emirates and Oman) have total trade volumes of $2.4 trillion with the world. In this context, with the implementation of the free trade agreement, one of the largest free trade areas in the world will be created.

The agreement, which will establish a basis for increasing mutual investments in addition to developing commercial relations, will allow Turkey and the GCC member countries to further develop mutual service investments and cooperation in the field of contracting, from tourism to health, from education to logistics and informatics.

⁇ IMPORTANT OPPORTUNITIES ARE PROVIDED TO TURKISH COMPANIES

The GCC hosted the 44th session of the Gulf Cooperation Council held in Doha by President Recep Tayyip Erdoğan. After his participation in the summit, he put the free trade agreement negotiations with Turkey on his priority agenda.

Turkey realized a trade volume of 31.5 billion dollars with GCC member countries last year.

These countries offer significant opportunities to Turkish companies in the service sectors, especially in contracting, logistics and tourism, and increase their investments in Turkey.