ECONOMY SERVICE
Created Date: January 16, 2025 04:00
Minister of Trade Ömer Bolat announced the 2025 Export Action Plan consisting of 77 items yesterday. Support and Price Stabilization Fund (DFIF) support provided to exporters of goods and services increased to 33 billion lira this year; Stating that Eximbank’s support to exporters has increased to 50 billion dollars this year, Bolat stated that they, as the ministry, will support a portion of the interest or dividends to be paid by exporters. Minister Bolat also stated that the cost of export financing will be reduced again next month.
Exports, which increased by 2.5 percent last year to 262 billion dollars, are aimed to reach 280 billion dollars with an increase of at least 7 percent this year.
Minister of Commerce pointed out that 2024 is one of the difficult years for exporters due to the stagnation in the global economy, the slowdown in demand and the inflationary environment within the country. Omer Bolatpointed out that ‘most of the hill has been overcome’. Stating that exports increased despite the negativities experienced at home and abroad last year and that net exports made a positive contribution to growth throughout the year, Bolat said, “Last year, we exported goods and services worth 375 billion dollars, reaching 262 billion dollars with a 2.5 percent increase in goods exports. “These figures were not obtained in a rose garden without thorns,” he said. However, domestic inflation has begun to decline; Noting that CPI is expected to decline to 30 percent levels in the following months, Bolat gave the message to exporters that ‘the worst is over’ in his speech at the Turkish Exporters Assembly (TİM) in Istanbul yesterday. In this context, Bolat announced the support they will offer to exporters to achieve this year’s targets. 2025 Export Action Plan announced under the name.
The salient parts of the plan, which consists of 77 articles, are as follows:
SUPPORT BUDGET OF 33 BILLION TL
Stating that they doubled DFIF supports to 17.6 billion liras last year and that a total of 23 thousand 215 exporting companies benefited from these supports, Bolat said, “The budget of the Ministry was increased to 56 billion liras in 2025. Of this, 33 billion lira was allocated as DFIF support to exporters of goods and services. We estimate that around 27 thousand 700-28 thousand exporters will benefit from these supports. We really used all our resources in terms of access to finance, which is the biggest problem of our exporters. “Eximbank’s capital, which was 13.5 billion lira, was increased by 4 times to 55 billion lira in 18 months,” he said.
50 BILLION DOLLARS FROM EXIMBANK
Bolat said that Turk Eximbank, which provided 48.7 billion dollars of export support in 2024, is aiming for 50 billion dollars of export support this year, and added: “In addition, in 2024, İhracat Gelişim A.Ş. We provided an important source of financing to our exporters by offering 83.1 billion TL (as of December 31, 2024) guarantee for 93.3 billion TL loans through (IGE). “In 2025, it is planned to provide a total capacity increase of 70 billion TL with the new guarantee support packages to be announced by HDI and to provide a cumulative credit guarantee support of 160 billion TL at the end of the year.”
GREEN PASSPORT FOR 8,500 EXPORTERS
Stating that they plan to give green passports to 8,500 new exporters this year, Bolat also stated that they are planning to organize 42 overseas events, especially in the USA, Europe, Gulf countries and Turkish Republics. Bolat said, “We plan to organize 1,200 individual participation-supported international events and 20 individual participation-supported domestic events.”
VISA FOR 500 HEALTH TOURISTS
Bolat stated that they aim to realize 3.5 billion dollars of health service exports by hosting 2 million health tourists in Turkey. “In this context, we plan to organize 8 sectoral trade and procurement delegations, 8 national participation organizations, and support the individual participation of our companies in 200 international fairs,” said Bolat, adding, “We aim to issue visas to 500 health tourists.”
INTEREST AND PROFIT SUPPORT
Bolat stated that they will offer ‘Technology and New Market Focused Interest and Dividend Support’ to exporters this year and said: “Within the framework of Turk Eximbank’s ‘Value Added Export and Market Diversification Loan Programs’, we will provide a portion of the interest or profit share that our exporters will pay for the loans they will use.” “We will support it,” he said. Bolat said, “We will provide interest/dividend support to these loans so that they can benefit more effectively from Turk Eximbank’s Green Transformation Investment Loan opportunities.”
330 INTERNATIONAL FAIRS FOR MARKET DIVERSITY
Bolat explained that they will organize 269 trade delegation programs this year and that they aim to reach more markets through the organization of 85 purchasing delegations. “We will support our exporters with support for participation in 65 domestic fairs, 330 international fairs and 1650 individual fairs,” said Bolat, adding, “We will implement 50 UR-GE projects and 40 new KTZ projects within the framework of the global supply chain (KTZ) program.”
SUPPORT FOR 63 BRANDS OF 61 COMPANIES
“We will support new and young exporters for 12 thousand market entry certificates,” said Bolat, adding, “Apart from this, we will include 63 brands of 61 new companies within the scope of brand and Turquality, as I am giving these figures within the scope of the applications currently being projected. “Thus, we aim to support 380 brands of 355 companies in total, including 61 new companies and 63 brands,” he said.
NEW REDUCTION STUDY IN EXPORT FINANCE COSTS
MINISTER Bolat made statements that there will be a decrease in export financing costs.
Reminding that the cost of rediscount loans was reduced by 6 points as we entered the new year, Bolat said, “Export The rediscount loan finance cost was reduced to 29.9 percent. The cost of export financing will be reduced again next month, and we will receive the good news of a new reduction in financing costs. “We are working together with our Central Bank and the Ministry of Treasury and Finance on this issue,” he said.
Source: bigpara.hurriyet.com.tr
