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Turkish economic board addresses productivity-focused measures amid rising protectionism

Vice President Cevdet Yilmaz chairs the Economic Coordination Board (EKK) meeting at the Presidential Complex in Ankara, Türkiye, accessed on May 11, 2025. (AA Photo)
Vice President Cevdet Yilmaz chairs the Economic Coordination Board (EKK) meeting at the Presidential Complex in Ankara, Türkiye, accessed on May 11, 2025. (AA Photo)
May 11, 2025 11:42 PM GMT+03:00

Turkiye’s top economic body has reviewed a series of upcoming reforms aimed at strengthening industrial output, global competitiveness, and export capacity, according to an official statement released after the latest Economic Coordination Board meeting.

Chaired by Vice President Cevdet Yilmaz at the presidential complex in Ankara, the board convened for its third meeting of 2025, continuing discussions held last month in Giresun.

Focus on Türkiye's competitive edge amid global shifts

The statement underlined that growing uncertainty and rising protectionism in global trade have made it essential to reassess national trade strategies, noting that shifting supply chains, the repositioning of manufacturing hubs, rapid technological advancement, and digitalization are ushering in a new era in global commerce.

Success in this evolving landscape, the statement said, will depend on how quickly countries adapt, how resilient their economies are, and how effectively they enhance competitiveness. It added that Türkiye holds a favorable position in this transition due to its young population, robust industrial base, strategic location, integration with European markets, and strengthening ties with Asia.

A container terminal in the Port of Izmir, Türkiye, on May 11, 2025. (Adobe Stock Photo)
A container terminal in the Port of Izmir, Türkiye, on May 11, 2025. (Adobe Stock Photo)

“In order to reinforce economic foundations and strengthen Türkiye’s place in global markets, we are pressing ahead with structural reforms aimed at boosting productivity, improving the investment climate, and diversifying exports,” the statement said.

Strategic roadmap for trade and labor markets

According to the board, which serves as a high-level policy coordination mechanism across key ministries and institutions, the meeting focused on proposed short-, medium-, and long-term actions to support industrial growth and exports.

Participants also discussed ways to formulate a strategic framework for foreign trade in response to rising protectionist trends worldwide.

Additionally, the board reviewed developments in the labor market, including emerging models of employment, and consulted on policy responses to meet evolving workforce demands.

May 11, 2025 11:46 PM GMT+03:00
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