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'Turkey to take care of export-fueling sectors'

'Turkey to take care of export-fueling sectors'
Turkey also to focus on economic sectors that result in value-added production, says finance minister

By Emin Avundukluoglu

ANKARA (AA) - Turkey will take care of sectors focusing on exports and value-added production in the days to come, Turkey's finance and treasury minister said on Wednesday.

In his 2020 budget speech to parliament, Berat Albayrak said Turkey's exports have not fallen despite the contraction in global trade.

Turkey has supported domestic production and resources to bring down Turkey's imports, said Albayrak.

"In the coming days, we will continue to take care of supporting sectors based on exports and value-added production," he added.

After contractions of 2.3% and 1.6%, respectively, in the first two quarters of 2019, Turkey's economy grew 0.9% year-on-year in the third quarter of this year, according to the country's statistical authority.

In 2018 the economy posted annual growth of 2.8%, narrowing in the last quarter.

The country's new economic program for 2020-2022, unveiled on Sept. 30, targets 5% annual growth rate for each of the next three years.

source: News Feed
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