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MULTIMEDIA
May 27, 2012
 
 
 
 
 
 

FTAs boost total exports in 2009

28 December 2009 / TODAY’S ZAMAN, ANKARA
While Turkey’s total exports decreased by 28 percent in the first 10 months of the year compared to the same period of last year, exports to countries with which a Free Trade Agreement (FTA) was signed increased by 10 percent despite the economic downturn.

According to data from the Undersecretariat of the Prime Ministry for Foreign Trade (DTM), Turkey has signed FTAs with 26 countries so far, of which 12 are currently in effect and four are awaiting approval. Exports to these 12 countries rose by 491 percent between 2000 and 2008, while during this term Turkey’s total exports increased by 375 percent. Imports, on the other hand, soared by 299 percent during the same period, while the country’s total imports were up by 271 percent.

The countries with which FTAs were signed also saw an increase from $2.1 billion to $12 billion in exports from 2000 to 2008, accounting for 10 percent of total exports, which stand at $132 billion. The share of imports from these countries among total imports was 5 percent in 2008.

 
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© Feza Gazetecilik A.Ş. 2007, Ahmet Taner Kışlalı Cad. No: 6, Bahçelievler - İstanbul 34194 Turkey, +90 (212) 454 1454, +90 (212) 454 1497(fax)