Türkiye's Economic Coordination Board addresses global challenges in key meeting

The program aims to enact policies fostering sustainable growth and addressing the current account deficit.

During the meeting, which included a comprehensive economic evaluation for the year 2023, key issues and strategies were discussed and documented in the released statement.

The statement acknowledged the importance of global cooperation in the face of current challenges and emerging risks worldwide. The EKK emphasized Turkey's commitment to international development cooperation, seeking to enhance bilateral, regional, and global collaboration for the effective utilization of resources. The Board resolved to strengthen the strategic framework and coordination in this sphere.

The structure of Turkey's exports and imports was thoroughly examined, with a focus on reducing import dependency and increasing technology-intensive and high-value-added exports. The Board reached a consensus to introduce additional measures aimed at achieving these goals, with plans to bring the developed strategies to the forefront of its agenda.

The EKK received an update on agricultural policies designed to bolster food supply security. Given the increasing impact of climate change on the agricultural sector and rising global food demand, the Board discussed production planning for the upcoming period. The measures and strategies outlined in this domain were presented to the Board for consideration.

The meeting highlighted Türkiye's proactive approach to economic challenges, emphasizing the importance of international collaboration, strategic trade policies, and measures to strengthen the agricultural sector.

As the nation navigates economic complexities, the Economic Coordination Board remains committed to realizing long-term growth and sustainability outlined in the Medium-Term Programme. (ILKHA)