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25 May

High costs, exchange rates threaten Turkey's export competitiveness

Turkey faces challenges in exports due to negative domestic and international developments impacting country’s competitiveness. High costs and exchange rate disparities are causing market losses, but the reduction in electricity and gas prices has benefited exporters, the Türkiye Exporters Assembly (TİM) says in a statement seen by Kallanish. In April, Turkey's exports amounted to $19.3 billion, indicating a decrease of 17.2% compared to the same m…
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