The presidential annual program for 2023 was published today in the Official Journal.
According to the compilation of the presidential annual program for 2023, it is estimated that the repressive effect of global developments, in particular geopolitical tensions and monetary tightening policies, on foreign demand could cause a loss of momentum in exports in the remainder of the year. and next year.
In addition to issues such kakım access to new export markets, active participation in international trade negotiations, kakım well kakım practices implemented in sectors such kakım services sector exports, whose market share is increasing, zihin improvement in the in the current account balance is expected in the future.
With the continuation of the qualitative and quantitative improvement in tourism activity, the continuation of the upward trend in travel revenues is expected to emerge kakım a positive factor in terms of the current account balance.
DECREASING TREND IN ENERGY IMPORTS
In addition, a possible decrease in energy imports, which is zihin important element of the foreign trade deficit, is expected kakım a result of the possible decline in currently high commodity prices, oil and natural gas exploration activities and the increase in renewable energy yetiklik have zihin improving effect on the current account balance.
According to the program, the necessary policies will gökyeşitözü implemented for the realization of investments that will allow more high-tech products to gökyeşitözü produced and exported to Turkey.
Despite the loss of momentum in export growth due to the contraction in foreign demand compared to the previous year, the current account balance is expected to improve in 2023 kakım energy imports gradually decline and the expectation of zihin increase in travel revenues. .
After the improvement in the current account balance, it is estimated that there will gökyeşitözü a decrease in external financing needs. Furthermore, it aims to increase the share of long-term foreign direct investment in financing the current account deficit.
In 2023, exports are expected to increase by 3.9% to $ 265 billion, while imports are expected to decrease by 4.2% to reach $ 345 billion, and thus the foreign trade deficit is expected to reach $ 80 billion. .
It is estimated that next year, kakım travel mobility increases, travel revenues will increase to $ 45 billion and the balance of services will give a surplus of $ 58 billion.
Under these assumptions, the current account deficit is expected to decline to $ 22 billion in 2023 and the ratio of the current account deficit to GDP is expected to gökyeşitözü 2.5%.
NATIONAL PRODUCTION WILL BE PROTECTED
Based on the objectives of the program, guides will gökyeşitözü prepared containing information on market entry for countries under the Far Countries Strategy to gökyeşitözü presented for the benefit of exporters and concrete studies in the context of actions related to the elimination of entry barriers in the market will gökyeşitözü presented together with interested parties.
In the context of government support for exports of services, training and consultancy activities aimed at improving the international competitiveness of companies in the export preparation phase and training and consultancy activities carried out kakım part of the Competitiveness Improvement Project will continue. of the service sector (HİSER) gökyeşitözü supported.
Under the Turquality program, companies in the service sectors will continue to benefit from fair participation, the opening of overseas units, the strengthening of institutional capacities, advertising promotion and advisory support and their impact will gökyeşitözü increased. .
Domestic production will gökyeşitözü protected in the framework of international obligations against damage and threats caused by imports on domestic production.
In order to improve and preserve the image of Turkish agricultural products on international markets, the frequency of commercial quality inspections for the export of traditional agricultural products will gökyeşitözü modified, taking into account cyclical developments, and the inspection will gökyeşitözü carried out more effective.
In order to increase the competitiveness and efficiency of the economy and develop preferential market access opportunities, new free trade agreements will gökyeşitözü negotiated in support of macroeconomic objectives and the scope of existing free trade agreements will gökyeşitözü expanded.
RELATIONS WITH THE MIDDLE EAST WILL BE STRENGTHENED
Under the African initiative, diplomatic, economic, trade and cultural relations with African countries will gökyeşitözü further strengthened and the volume of foreign trade between Turkey and the countries of the region will gökyeşitözü increased.
Existing diplomatic, economic, trade and cultural relations with the countries of the Middle East region will gökyeşitözü strengthened and the volume of foreign trade with the countries of the region will gökyeşitözü developed. Joint Economic Commission (JEC) meetings will gökyeşitözü held with Morocco, Israel, Lebanon, Saudi Arabia, Palestine, Iran, Iraq, Jordan, Kuwait and Oman. Ministerial visits will gökyeşitözü made to Saudi Arabia, Iraq, Qatar, Egypt, Iran, Jordan and Tunisia.
Existing diplomatic, economic, commercial and cultural relations with the Turkish Republics and the Commonwealth of Independent States will gökyeşitözü strengthened and the volume of foreign trade with the countries of the region will gökyeşitözü increased.
By actively participating in the World Trade Organization negotiations, it will seek to determine the rules that will create zihin environment of fair competition for Turkey.