Turkish Economy - News & Updates

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Turkey Imposes 40% Tariff on Chinese EV Imports

Turkey has imposed a 40% tariff on Chinese vehicle imports to protect its domestic EV industry and address trade imbalances

evmagazine.com

After that, now this:

BYD closes in on huge $1 billion EV plant in Turkey as global expansion accelerates

BYD is closing in on a deal to build a massive $1 billion EV plant in Turkey. The news comes...

electrek.co

Bloomberg - Are you a robot?

The Chinese are coming. See, sometimes free trade is facilitated best by building up a huge trade barrier.

 

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[MMM-E]

President ERDOGAN .. 07.08.2024

"Turkiye now has a gross domestic product (GDP) of $1.411 trillion"

 

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Turkey has achieved a significant milestone in its economic history, as its GDP per capita income has surpassed the $15,000 mark for the first time. According to the World Bank's classification, Türkiye is now a high-income economy.

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World Bank high-income economy - Wikipedia

en.m.wikipedia.org

 

[Eşbah]

Turkey in final stages of investment talks with China car maker Chery, official says

https://www.reuters.com/business/autos-transportation/turkey-final-stages-investment-talks-with-china-car-maker-chery-turkish-official-2024-10-01/

The Chinese are coming...

 

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Current Account

May '23 to Aug '24

 

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[ST1976]

we have read that the Turkey as NICs has been able to build F16s by its own which USA couldn't match with Turkey's experience ....

Newly industrialized country - Wikipedia

en.wikipedia.org

Turkey has a diversified economy; main industries include automobiles, electronics, textiles, construction, steel, mining, and food processing. It is a major agricultural producer. Turkey ranks 8th in crude steel production , and 13th in motor vehicle production, ship building (by tonnage), and annual industrial robot installation in the world. Turkish automative companies include TEMSA, Otokar, BMC and Togg. Togg is the first all-electric vehicle company of Turkey. Arçelik, Vestel, and Beko are major manufacturers of consumer electronics. Arçelik is one of the largest producers of household goods in the world., Turkey ranked second in the world in terms of the number of international contractors in the top 250 list. It is also the fifth largest in the world in terms of textile exports. Turkish Airlines is one of the largest airlines in the world.

Turkey - Wikipedia

en.wikipedia.org

 

[ST1976]

Turkey bids to change its status from a developed country to a developing one​

Katowice, Poland: The annual UN-sponsored climate meet began on Sunday in the Polish city of Katowice with a brief hold up by Turkey, which wants to change its status from a developed country to a developing one. Turkey is listed as an an industrialised developed country in the 1992 UN climate change convention. The rationale for this demand is that as a developing country Turkey can access climate funds, which are otherwise unavailable to industrialised countries. However, it would appear that ..

The United Nations Framework Convention on Climate Change which was negotiated and adopted in 1992 states that developing countries will get financial and other support from industrialised countries to undetake actions to tackle climate change. Turkey has argued that it can take measures to significantly reduce its greenhouse gas emissions, however in order to assess the potential for emissions reduction and take the necessary measures it will require financial and technological support. To this ..

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
.

=> https://en.wikipedia.org/wiki/Newly_industrialized_country#Current

 

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On the way to recovery...

 

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