30.06.2025 13:01
Speaking at the 32nd Ordinary General Assembly of the Turkish Exporters Assembly and the Export Champions Award Ceremony at the Haliç Congress Center, President Erdoğan stated, "Inflation has been continuously declining for a year. In May, annual inflation fell to its lowest level in the last three and a half years. We expect to see inflation in the 20s by the end of the year."
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President Recep Tayyip Erdoğan spoke at the 32nd Ordinary General Assembly of the Turkish Exporters Assembly and the Export Champions Award Ceremony at the Haliç Congress Center.
Evaluating the inflation figures, Erdoğan stated, "Since the beginning of May, our reserves have started to increase again. Our risk premium is decreasing, and confidence in the Turkish lira is rising. We maintain our uncompromising stance in the fight against inflation. Inflation has been continuously declining for a year. In May, annual inflation fell to its lowest level in the last three and a half years. We expect to see inflation in the 20s by the end of the year."
Highlights from Erdoğan's statements;
"I wish success to the 32nd General Assembly of the Turkish Exporters Assembly. I congratulate all our companies and business people who will receive awards as export champions. I wish them continued success."
"EVERY PRODUCT LEAVES A GREAT MARK"
I would like to express my gratitude to everyone who has contributed to the Turkish Exporters Assembly since its establishment, including the executives and members. I pray for God's mercy on our friends who have passed away. Our Turkish Exporters Assembly has become a vision center that has been guiding policy proposals and uniting sectors around common goals for 33 years, beyond just being a roof organization. I want to sincerely state at the very beginning of this speech that Turkey's admired growth and development story is being written with the dedicated efforts of you, our exporters, who have embraced the principle of production power and export. Every one of our products, which finds its place even in the most remote corners of the world, leaves a significant mark on the global stage.
"I CONGRATULATE YOU FOR THIS PRIDE TABLEAU"
When we say Turkish exporter, it is now understood that we are not just a supplier in the world, but also a solution partner and a brand of trust. I congratulate you for this pride tableau you have created for us and our nation. I congratulate all our exporters, all our companies, from our workers to our transporters, each link in the chain. I want you to know that we are a nation that works, produces, and delivers what it produces to the world, by blending the labor of these lands, which have been shaped by thousands of years of civilization, with intelligence and vision.
No success we have achieved has been presented to us on a silver platter. We did not come to these days by walking through a thornless rose garden. On the contrary, we came by putting our lives on the line. We came by overcoming difficulties and breaking down barriers one by one. The closest witnesses to this are our exporters. Each of you has made significant contributions to Turkey reaching these days.
As exporters, you are our companions who do not shy away from any sacrifice in the construction of the Century of Turkey, a nation and homeland lover. I pray that our solidarity and companionship may last forever. By working, producing, selling, and finding new markets, we will ensure that Turkey reaches its targeted position in exports together.
Dear brothers and sisters, the period we are going through is not only a threshold marked by conjunctural fluctuations but also by deep structural transformations and historically significant breaks. Although we have left behind the health aspect of the Covid-19 pandemic, the devastation caused by the crisis triggered by the pandemic in the global economy has not yet been fully compensated. As protectionist policies in trade rise again, serious contractions are occurring in the free structure of international trade. Trade wars conducted through customs barriers are deepening the existing uncertainty.
"WE ARE PREPARING FOR EVERY SCENARIO"
We are facing a process where risks are increasing and threats are diversifying in many areas, from the economy to global politics and social balances. Especially in our region, we wake up every day to new tensions. We can all see this to some extent. Establishing balances and ensuring stability will take a little more time. As Turkey, we are determining our roadmap, forecasts, and strategies with this reality in mind. We are not leaving things to chance; we are preparing for every scenario.
Despite the irresponsible statements of the opposition that serve the interests of war barons who want to drag Turkey into a quagmire, we did not fall into the trap. Thank God, we have managed to keep our country on the periphery of conflicts and wars in our region so far. We did not allow the constantly changing global economic and political climate to divert us from our goals. The year 2024 has been filled with significant achievements for our country. Thanks to our investment, employment, production, and export-oriented growth strategy, our economy grew by 3.2%.
"WE HAVE ACHIEVED CONTINUOUS GROWTH FOR 19 QUARTERS"
The momentum in our economy continues in 2025. The Turkish economy recorded a growth of 2% in the first quarter of 2025 compared to the previous year. Thus, we have achieved continuous growth for 19 quarters. Despite the elections, we have resolutely implemented our stability and reform program. We have reduced our vulnerabilities by decreasing our dependence on external resources. Especially despite all kinds of shocks experienced in the last three months, the program remained intact, proved its resilience, and renewed confidence.
Since the beginning of May, our reserves have started to increase again. Our risk premium is decreasing, and confidence in the Turkish lira is rising. We maintain our uncompromising stance in the fight against inflation.
"WE EXPECT TO SEE INFLATION IN THE 20s BY THE END OF THE YEAR"
Inflation has been continuously declining for a year. In May, annual inflation fell to its lowest level in the last three and a half years. We expect to see inflation in the 20s by the end of the year. My dear friends, we are also making extremely confident strides on the export front. The year 2024 has been recorded as a year of records in terms of our exports. In 2024, we broke a record with 262 billion dollars in exports. We increased our share of global exports to 1.07%. Last year, the number of companies exporting 1 billion dollars and above increased to 18, and the number of companies exporting 100 million dollars and above rose to 302. We continue on the same rhythm in 2025.
In May, our exports reached 24.8 billion dollars, an increase of 2.7% compared to the same month of the previous year. This figure is the highest monthly export in the history of the Republic. In the January-May period, our goods exports increased by 3.5% compared to the same period last year, reaching 111 billion dollars, while our annualized exports rose to 265.5 billion dollars. We are also doing quite well on the service export side. We increased our service exports from 14 billion dollars in 2002 to 115.2 billion dollars in 2024.
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