Railway Investments Strengthen Turkey's Position in the Global Supply Chain

railway investments strengthen Turkey's position in the global supply chain
railway investments strengthen Turkey's position in the global supply chain

Railroad investments, which Turkey has focused on in recent years, strengthen Turkey's position in the global supply chain. IKV President Ayhan Zeytinoğlu said, “Our railway network target will also contribute to increasing our competitiveness with China and strengthening our place in the global supply chain.”

Ayhan Zeytinoğlu, President of the Economic Development Foundation (İKV), said, “Turkey's goal in the upcoming period should be to modernize, accelerate and make more efficient the railway lines to the EU, using the title of EU candidate country and benefiting from EU funds. Our railway network target will also contribute to increasing our competitiveness with China and strengthening our place in the global supply chain.”

RENEW THE CUSTOMS UNION

Pointing out that the time has come for the existing problems in the Customs Union to be resolved and to expand its scope, Zeytinoğlu said, “The EU is signing more and more trade agreements. These agreements also affect Turkey through the Customs Union. However, since Turkey is not a full member, it cannot be a party to these agreements. Then he has to go to the countries in question and negotiate with them. However, this may cause delays. Emphasizing that the quotas and tolls brought by some EU member states to the trucks carrying goods from Turkey could not be resolved comprehensively and this had a cost-increasing effect, Zeytinoğlu said, Issues such as strengthening advisory in the field of trade policy also need to be addressed. Of course, there are some complaints brought up by the EU side as well. It needs to be resolved satisfactorily,” he said.

GREEN AGREEMENT

Expressing that the EU aims to diversify its supply networks after the epidemic period, IKV President Zeytinoğlu said that Turkey has gained an important place in the European value chains and supply networks during the Customs Union and EU candidacy process.

Emphasizing that Turkey must take part in this transformation as the EU economy is rapidly transforming in the Green Deal and digitalization process, Zeytinoğlu said, “As the EU changes product standards and introduces new criteria such as carbon regulation at the border, Turkey must adapt its own production to this. Otherwise, the scissors will open and it will not be possible for us to realize this advantage as Turkey.”

Stating that Turkey should not miss the restructuring of the global value chain, Zeytinoğlu said, “We need to develop our commercial relations with Asian countries and make new FTAs ​​with the countries in this region. We see that the EU is increasing the number of FTAs ​​day by day. This means privileged access to many third countries in the EU market. While Turkey's competitors in the European market are increasing, it is necessary to give importance to the harmonization process.

Armin

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