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Jak Eskinazi: Afyonkarahisar targets 1 billion dollars in exports

Press release…

Afyonkarahisar, the capital of thermal, food and marble, ramped up its exports by 15 percent in 2024 from 613.8 million to 709.3 million dollars, according to the data of the Ministry of Trade.

Jak Eskinazi

Jak Eskinazi, Coordinator Chair of the Aegean Exporters’ Associations (EIB), underlined that Afyonkarahisar province has the potential to reach 1 billion dollars in exports in a short time.

Speaking at the ‘Aegean Export Meetings-Afyonkarahisar’ meeting hosted by Afyonkarahisar Chamber of Commerce and Industry in cooperation with the Aegean Exporters’ Associations and Economy Newspaper, Eskinazi noted that according to the data of the Turkish Exporters Assembly (TIM), the marble sector is the leader in Afyon’s exports with 231 million dollars.

“In Afyon, our second most exporting sector is the chemical materials and products sector with an amount of 21 million dollars, while our fishery and animal products sector exported 17 million dollars. The countries that stand out in Afyon’s exports are the USA, China and France,” Eskinazi said.

“Türkiye has become 50 percent more expensive than its competitors”

Pointing out that the economy entered a difficult process after the interest rate cut decision taken in September 2021 in the country, Eskinazi explained, “While high inflation figures continue to damage the purchasing power of the society, it also kills the competitiveness of our exporters. It is getting harder every day to produce and to deliver what you produce to the buyer. Türkiye has become a country that is 40-50 percent more expensive than its competitors. We are experiencing hesitations even when taking orders. When the product prices come, we cannot replace the raw materials, our capital is melting.”

“As exporters, while we were hit by inflation and parity, we also had great difficulties in accessing financing in 2024. While inflation was 45 percent according to TURKSTAT data, while the government set the revaluation rate for public services at 45 percent, the hike in the exchange rate remained in the range of 15-20 percent. Exchange rates should have increased at the rate of inflation,” Eskinazi added…

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