Turkish Trade Minister Ömer Bolat confirmed on Monday that the global economy is undergoing a structural shift contributing to the reshaping of supply chains, during his speech at the Turkish-Chinese Green Development Business Forum.
Shift in Trade Patterns
Bolat’s remarks came at a forum organized by the Turkish Foreign Economic Relations Board and the China Council for the Promotion of International Trade in Istanbul, with the participation of Turkish Vice President Cevdet Yılmaz. The Turkish minister pointed out that this structural shift is driven by the reshaping of supply chains, alongside the green transition and sustainability in trade routes and production patterns.
Balanced Investment Partnership
For his part, Bolat expressed his country’s desire to move Turkish-Chinese relations from traditional trade exchange to a more balanced and sustainable investment partnership. He clarified that this partnership is based on mutual investments, technological cooperation, and value-added production, thereby strengthening economic ties between the two countries.
Incentives for Foreign Investment
The Turkish minister added that he urged Chinese companies to adopt the Istanbul Financial Center as the headquarters for their regional operations, considering that combining China’s technological and financial strength with Turkey’s strategic production capacity would generate immense cooperation. He also urged companies to take advantage of the package of incentives announced at the beginning of June last year to attract international trade and investment firms.
Geopolitical Impacts on Energy
In the same context, Turkish Minister of Energy and Natural Resources Alparslan Bayraktar confirmed in a statement published on Sunday that geopolitical developments in the Middle East region are directly affecting global energy markets. He pointed out that energy supply security is closely linked to the security of sea lanes, freedom of international navigation, and regional stability.
Source: Syrian Arab News Agency (SANA)
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