Trade Minister Ömer Bolat reported a decline in the account deficit in a period when the increasing uncertainties in the global economy and the increasing uncertainties in foreign trade policies are intensified.
Minister Bolat, in his share of social media account, the Central Bank of the Republic of Türkiye (CBRT) announced by the March payment balance data evaluated.
Stating that the positive development in the current transactions account continues in March due to the increases in the export of goods and services, Bolat said that the current account deficit in March is 4 billion 87 million dollars with a decrease of approximately 1 percent compared to the same month of the last year due to the increase in goods exports.
Bolat pointed out that the annual current account deficit, which was 26.4 billion dollars in March last year, decreased to 12.6 billion dollars in the same period of this year, “the protectionism tendencies in the global economy and the increasing uncertainties in foreign trade policies have been intensified.” evaluated.
Bolat said that the current current account balance except gold and energy has given more than 1.5 billion dollars in March and said that the export of service on an annual basis increased by 7.5 percent in March to 115.9 billion dollars compared to the same month last year.
Bolat underlined that the supports to increase exports of goods and services are applied by the Ministry and said:
“Annual exports of goods and services with support increased by 3.7 percent in March to 379.3 billion dollars compared to the same month of the previous year. The increasing protectionist tendencies in trade, the weak economic appearance and tariff increases in the European Union will be based on the influence of the global conjuncture of the global conjuncture. It will continue to remain below the historical average and maintain our policies to increase the export of goods and services, and to strengthen the macroeconomic stability in the current period. In order to highlight, we will continue our work under the leadership of our President. “
