Gebze Chamber of Commerce President warns of industrial challenges

industrial production export markets financing costs European Union economy import substitution

Abdurrahman Aslantaş, President of the Gebze Chamber of Commerce, has identified high financing costs and the economic contraction in the European market as the primary challenges facing Turkish industrialists.

Aslantaş noted that because a significant portion of exports is directed toward European Union countries, the decline in European demand and orders is directly impacting industrial production. He warned that losing established markets is a critical risk, as regaining them requires substantial time and cost.

In addition to external demand issues, Aslantaş highlighted internal pressures, specifically rising labor and rent costs in labor-intensive sectors. He also observed that unexpected cost increases are weakening the price advantages of exporters who operate under long-term, foreign currency-based agreements.

To mitigate these issues, Aslantaş recommended that Turkey focus on high-value-added production and the search for new markets. He also advocated for incentives aimed at producing goods that substitute imports, which would help retain resources within the country and increase foreign currency inflows through exports.

Entities

Abdurrahman Aslantaş · European Union · Gebze Chamber of Commerce

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Incentives should focus on the production of goods that substitute imports to keep resources within the country. www.gazetebirlik.com · www.medyagazete.com · www.mersinhaber.com
[● 3 SOURCES] Rising labor and rent costs are placing significant pressure on businesses, particularly in labor-intensive sectors. www.gazetebirlik.com · www.medyagazete.com · www.mersinhaber.com
[● 3 SOURCES] High financing costs and the contraction of the European market are the primary obstacles facing industrialists. www.gazetebirlik.com · www.medyagazete.com · www.mersinhaber.com
[● 3 SOURCES] Losing an export market carries the risk of requiring significant time and cost to regain, or potentially never re-entering it. www.gazetebirlik.com · www.medyagazete.com · www.mersinhaber.com
[● 3 SOURCES] A decline in orders from European Union countries is negatively impacting industrial production. www.gazetebirlik.com · www.medyagazete.com · www.mersinhaber.com

Sources

Demir; “Artık Daha Nitelikli İş Alanlarını Konuşmamız Gerekiyor” [www.batmanpusula.com]

5 days ago

Aslantaş: sanayicilerin karşılaştığı zorluklar üst düzeyde [www.gazetebirlik.com]

5 days ago

GTO Başkanı Aslantaş: Pazarı kaybettiğimizde yeniden kazanmak bedel gerektiriyor [www.medyagazete.com]

5 days ago

Gebze'de İhracat Sorunları Üzerine Değerlendirmelerde Bulunan GTO Başkanı Aslantaş, Çözüm Önerilerini Paylaştı | Mersin Haber - Mersin'den Haberiniz Olsun! [www.mersinhaber.com]

5 days ago