Presidential Finance Office President Göksel Aşan, US President Donald Trump’s tariff policy will not think that the direct impact on Turkey, “China, Mexico and Canada will affect Turkey as much as we do not expect to affect.” he said.
Aşan made evaluations on the agenda at the Anadolu Agency (AA) Finance Desk prepared with the contributions of Istanbul Finance Center and answered questions.
Transferring that the markets do not like uncertainty and that this situation reveals some economic problems, Aşan said that the financial crisis in 2008 is an important breaking point, but that this crisis is not yet over.
Aşan pointed out that there is a major challenge in the market due to newly developing technologies and artificial intelligence, “This can open great opportunities ahead of us, and people can live in prosperity much more than today by working for three hours a day. We will encounter a painting that we cannot live as comfortable before the work of the person who is from work. ” he said.
“Tariffs reduce the welfare of those in that country”
US President Donald Trump’ın customs tariffs and steel and aluminum imports also evaluated the explanations, “All kinds of tariffs, people living in that country in a way or another reduces the welfare. I say this in the sense of direct impact.” He said.
Aşan explained that the prices of the goods will increase in the country from the moment it is applied to any property in a country, but the indirect effects may be positive in the long term and that the sectors that are protected within this scope may grow in the USA.
Pointing out that there is a risk of losing the effectiveness of the protected sectors, Aşan said, “Because if you are protecting a sector, the sector you protect is more effective and more efficient in itself.” he said.
Aşan said that the main goal of tariffs is China, “The serious deterioration in trade balance with China, which disturbs the US. he said.
Aşan also evaluated the effects of Trump’s tariffs on Turkey and continued his words as follows:
“I do not think it will have a lot of direct impact on us. Because we have no big share in iron and steel. There was a quota applied to us. ‘Will this spread to other goods?’ It is an ambitious target with the United States. We do not expect to affect Turkey as much as China, Mexico and Canada will affect. “
“The financial sector has the ability to adapt to technological innovations”
“The financial sector has the ability to adapt instantly there if the technological innovation arises. So when you talk, technology is also necessary to talk.” He said.
Aşan pointed out that their main objectives are to develop capital markets and drew attention to the importance of financial literacy. Stating that the most needed area in financial literacy is “participation finance”, Aşan said:
“This issue needs to be explained very well. Capital Markets Board established by the Financial Literacy Platform ‘Participation Finance’ field. Financial Literacy and Access Association and My Param Dear Program, now we will realize the second. We are in constant communication with the civil society side. There are efforts in this area. We must also grow. “
Aşan pointed out that the finance will be among the sectors that artificial intelligence will hit the fastest, “It can affect the employment in the sector. We are talking about something much different from the direct impact of mechanization in the labor force. The issue is not only the issue of financers will be unemployed. It means a serious social problem. It is no longer possible for us to manage and how to follow the changes and how to get out of the damage or how to benefit from these opportunities This is what you can do the most. ” he said.
“There is a legal regulation preparation for the infrastructure of the participation finance”
Stating that they established the Islamic Economy and Finance Institute within the Marmara University due to their importance in the field of participation finance, Aşan said that they started to work in line with the targets set by President Recep Tayyip Erdoğan in the field of participation finance and that they wanted to evaluate the assets of Islamic sensitivity but they tried to escape the interest phenomenon.
Aşan, participating in the financial savings should be persuaded by stating, “There is only one way. You need to increase the number of products and conventional banks promised to give them as much return. We have also made a lot of progress in this issue. We also needed an infrastructure to make foreigners come here. ” He said.
Aşan stated that a legal regulation was prepared for the development of the infrastructure specific to the participation of the participation, and that they are trying to contribute to this issue, that the arrangement is expected to pass through the parliament during this period and thus the infrastructure will be created.
After Trump’s statements, Aşan also evaluated the discussions in the crypto currency market and pointed out the importance of creating a new financial system in the world. Stating that a sustainable financial system thinks that it is “asset -based”, Aşan said, “A financial system based on assets cannot reach how many hundred trillions like today, but it does not need to reach it anyway.” he said.
“We focus on fintek and participation finance in international relations”
Aşan, who stated that they have taken steps for international cooperation in the field of participation and attaches importance to the Turkish world at this point, reminded that the Turkish States Fintek Cooperation Platform was established. “The Turkish family is a very important alternative for us. The geographical location of the Turkish world is extremely valuable, good human resources. Therefore, I think that the Turkish family will be an important opportunity. Therefore, we often come into contact with the Turkish states. We will try to spread the work to other countries. ” he said.
Aşan stated that they focus on Fintek and participation finance in international relations and that the private sector should adapt itself to the sustainable finance side.
“Türkiye can contribute to the financial system to be established by Syria”
In the assessment of the steps of Syria in the new period, Aşan said, “The Syrian administration can take our regulations for open banking and digital banking instead of establishing a classic banking system from fundamental, perhaps low in 3-5 years. In this structure they will create at costs, they also need less human resources, which is now a large part of human resources abroad. ” He said.
ASAN, Turkey, President Recep Tayyip Erdogan in line with the instructions of Syria will contribute to the financial system said.
