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Turkey announces $45-mn financing package for exporters

05
Sep '19
Pic: Shutterstock
Pic: Shutterstock
Turkish trade minister Ruhsar on September 4 announced a financing package worth $45 million for Turkish exporters. Turkish Exporters' Assembly and Turk Eximbank signed an agreement for the same, she tweeted. Meanwhile, Pekcan told a business forum that Turkey may lose trade with the United Kingdom worth up to $3 billion in the event of a no-deal Brexit.

Many Turkish firms lacked information on the consequences of a no-deal scenario and the losses would result from the United Kingdom raising import tariffs after Brexit in sectors, including steel, automotives and textiles, she told a Turkey-UK Business Forum in Istanbul.

Even though both the countries want to sign a free trade deal, they cannot do so because of their international commitments with the European Union (EU), global newswires quoted the minister as saying.

Companies across Turkey will be informed on the potential impact of a no-deal Brexit, she added. (DS)

Fibre2Fashion News Desk – India


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