TİM Chairman Mustafa Gültepe: “The New Medium-Term Program is Shaped Around Exports”
In a written statement, TİM Chairman Mustafa Gültepe shared his insights on the Medium-Term Program (OVP)
Türkiye Exporters Assembly (TİM) Chairman Mustafa Gültepe evaluated the Medium-Term Program (OVP), which outlines key macroeconomic targets such as inflation, employment, and growth for the 2025-2027 period, as announced by Vice President Cevdet Yılmaz.
“The new OVP is extremely important for our exports”
Gültepe emphasized that the Medium-Term Program, the roadmap for the 2025-2027 period, is crucial for Türkiye's development, noting that TİM had presented its comments and views during the preparation phase of the OVP.
He also highlighted that their export projections were repeatedly communicated, setting expectations around $264 billion. "Indeed, our new target has been revised accordingly. The export targets for 2025 have been set at $279.6 billion, for 2026 at $296.1 billion, and for 2027 at $319.6 billion."
Underlining the challenges exporters face, Gültepe continued his assessment as follows:
“Compared to the previous OVP, there's a decrease of $13 billion in total export targets over the three-year period, which is not the scenario we had hoped for. These figures clearly reflect the issues our export family is dealing with, and we must interpret them carefully. On the other hand, the program predicts a significant improvement in the trade deficit, particularly with an expected $71 billion reduction in imports compared to the previous OVP. The overall foreign trade volume has also been revised downward in this context. While our growth target has slightly decreased, inflation expectations have risen, and there is some improvement in unemployment rates.
The focus on diversification in the macroeconomic indicators and policy tools, effective trade diplomacy, trade facilitation, export financing, reducing import dependency, developing service exports, and promoting green and digital transformation in exports is highly significant. The new OVP is once again centered on exports. We eagerly anticipate the new steps to be taken in these areas and wish that the announced program brings prosperity to our country.”