Made In Türkiye September 2024

TURKEY-UZBEKISTAN 

ECONOMIC PARTNERSHIP 

September 2024 

We are at The 

UzMedExpo 

Türkiye expects more foreign 

investments and sustainable 

The UzMedExpo in Tashkent is one of 

the most prestigious trade fairs for the 

healthcare sector in Uzbekistan and beyond. 

It takes place annually at the UEC 

Uzexpocentre and is organized by IEG 

Uzbekistan. The fair serves as an important 

platform for international and local 

companies from the fields of medicine, 

pharmacy, and health services to present 

their latest products, services, and innovations. 

A particular focus is on medical 

technology, medical equipment, and 

pharmaceuticals. Page 10 

Turkish exports to 

China witness nearly 

50% surge in July 

Trade relations between Türkiye and 

China, which particularly resurfaced 

amid a recent mega investment deal of 

the world’s largest electric vehicle (EV) 

maker, BYD, with Turkish authorities, 

have positively reflected on Ankara’s 

shipments to the Far East country, according 

to a report. 

Accordingly, the demand for Turkish 

products from China continues, and 

Turkish companies continue to boost 

their exports to this country. The latest 

data indicated a nearly 50% surge in 

exports in July compared to last year. 

China, which faces economic and trade 

difficulties with Western countries, continues 

to elevate its commercial relations 

by increasing market diversity in Türkiye 

and enhancing its effectiveness in these 

markets. Page 10 

Istanbul welcomes 

over 8.5M tourists in 

first half of year 

The bustling Turkish metropolis of Istanbul 

attracted over 8.5 million foreign 

visitors in the first half of the year, up nearly 

8% compared to the same period in 

2023, Anadolu Agency reported, citing 

official data from the provincial directorate 

of culture and tourism. 

The number of tourists visiting Türkiye’s 

cultural and financial hub from January 

through the end of June reached 8.56 

million, according to the data from the 

Istanbul Provincial Directorate of Culture 

and Tourism. Page 8 

capital inflows in 2025 

Türkiye has entered a phase where international 

companies are unveiling their investment decisions 

in the country, and more “good news” is expected to 

follow , according to Turkish Vice President Cevdet 

Yılmaz. 

Speaking at a meeting of the Investment Environment 

Improvement Coordination Council (YOİKK), Yılmaz 

noted that issues related to improving the investment 

environment will be on the agenda both at the technical 

level and at the level of parliamentary work in the fall 

period, adding that the goal is to “make Türkiye an 

investment base.” 

“Amendments to the competition law and the climate 

change bill are among the priority issues that will be 

put on the agenda of the new parliamentary term,” 

Turkish exports via 

railways surge nearly 

13% in Jan-July period 

Exports via railways in Türkiye surged nearly 13% in 

the January-July period this year and 1.2 million tons of 

export cargo was carried in the stated period, a top official 

said, highlighting the significant momentum the country 

has gained in rail transportation. 

Reviewing the freight data for the period in a written 

statement, Transport and Infrastructure Minister 

Abdulkadir Uraloğlu emphasized that Türkiye›s expanding 

railway transportation capacity would contribute to 

boosting export volumes further in the coming years. 

«We see that the use of railways in our export transportation 

is increasing every year, and under the leadership of our 

President Recep Tayyip Erdoğan, we are tirelessly working 

to develop our railway transportation and infrastructure, 

which stand out for their environmental and economic 

benefits, to meet the growing demand,» said Uraloğlu. 

«We have also renewed conventional lines that had been 

untouched for almost 100 years. We have connected our 

organized industrial zones, factories and ports to our 

railway network,» he added. Page 6 

“Healthy Choice 

for Health” 

Yılmaz said at the meeting, which was also attended 

by Justice Minister Yılmaz Tunç, Industry Minister 

Mehmet Fatih Kacır, Labor Minister Vedat Işıkhan, 

Environment, Urbanization and Climate Change 

Minister Murat Kurum, Finance Minister Mehmet 

Şimşek, Trade Minister Ömer Bolat, Transportation 

Minister Abdulkadir Uraloğlu and other officials. 

“Another issue we will put on parliament’s agenda in the 

new legislative term is electronic notification, which 

will speed up judicial procedures,” Yılmaz added. 

“The draft prepared on this issue has reached a certain 

stage. In addition, the work on the administrative and 

technical infrastructure of the TechVisa program, 

which was produced to attract skilled workers to our 

country, has reached its final stage.” Page 8 

Türkiye and Uzbekistan strengthening 

economic and political relations 

The relationship between Türkiye and Uzbekistan 

has witnessed significant growth over recent years, 

evolving into a strategic partnership marked by robust 

economic cooperation and deepening political ties. As 

both countries navigate a complex global landscape, 

their collaboration reflects a mutual commitment to 

fostering regional stability, economic prosperity, and 

cultural exchange. 

Türkiye seeks to 

strengthen global 

trade ties with new 

FTAs, PTAs 

In addition to the free trade agreement (FTA) negotiations, 

Türkiye aims to strengthen its bilateral trade exchange 

through preferential trade agreements (PTAs) that provide 

mutual advantages in specific sectors, according to a report. 

According to information obtained by Anadolu Agency 

from the Trade Ministry, Türkiye is on track to signing 

comprehensive FTAs to enhance the competitiveness of 

its industry and provide market advantages to exporters in 

other countries. 

In this context, 23 FTAs that Türkiye has signed are 

currently in force. Additionally, the approval and 

negotiation processes for FTAs with some countries are 

ongoing. 

Besides these, PTAs with Iran, Azerbaijan, Uzbekistan 

and Pakistan, which provide mutual advantages in specific 

sectors, are making significant contributions. Page 6 

Hygiene and safety at the 

highest level in the food sector 

with CK Cable Tray Systems 

Turkish Vice President Cevdet Yılmaz 

Historical Context and Diplomatic Relations 

Türkiye and Uzbekistan share a rich historical and 

cultural heritage, with ties dating back to the Turkic 

empires of the past. Diplomatic relations between 

the two nations were officially established in 1992, 

following Uzbekistan’s independence from the Soviet 

Union. Since then, both countries have worked to 

strengthen their relationship, driven by a shared vision 

of enhancing bilateral ties across various sectors. Page 10 

Minister says 

Türkiye emerging as 

energy hub in region 

Türkiye now has the infrastructure to receive natural 

gas beyond its domestic needs, positioning 

the country to emerge as a regional energy hub, 

Energy and Natural Resources Minister Alparslan 

Bayraktar has announced. 

“To become a trade center in the energy sector, 

certain prerequisites must be met. There needs to 

be an abundant supply from diverse sources, and 

competition among various gas suppliers is essential,” 

Bayraktar stated in an interview during a 

visit to the Filyos Natural Gas Processing Facility 

in the country’s north. 

In a scenario where operations are conducted 

for 200-250 days a year, Türkiye could import 

at least half of its gas requirements in the form 

of liquefied natural gas (LNG) via tankers, the 

minister noted. “We have agreements with the 

United States, Qatar, Algeria, Nigeria and Oman. 

The number of our suppliers is increasing,” he 

added. Page 7 

HIMSS Eurasia 2024: 

Shaping the Future of Health 

Informatics and Technologies

Economic Newspaper September 

2 Please mention 

2024 

“Made in Türkiye” when writing to advertisers 

Mehmet Soztutan 

Editor-in-Chief 

How to survive 

dynamically? 

The Turkish exporters are fully conscious of the fact that they 

have to cope with the dynamically changing conditions; and they 

strive to do so in order to survive in the world markets. From the 

stand point of exporters, competition is a complex series of moves 

and countermoves on a global landscape. Exporters operating 

in the region are no exception. They are particularly involved in 

identifying, evaluating and selecting target markets. 

Competition appears from all corners of the globe. Customers 

demand more. To respond, manufacturers are reducing costs and 

increasing responsiveness through outsourcing, sourcing globally 

and implementing demand-driven strategies such as pull-based 

inventory management. All these trends cause greater reliance 

on third parties to manage the manufacturing and delivery of products 

to customers. 

Turkey’s own emerging potential and its market attractiveness 

arise mainly from the sustainable growth and development path 

launched by the Government. 

For this reason, Turkey closely monitors developments in global 

economy and implement policies in line with its medium-term economic 

program. 

The Government focuses on policies to increase private sector’s 

investments, direct international investments and exports. 

Nevertheless, it is hard to keep its competitive position in the world 

market full of emerging players. Thus, manufacturers have shifted 

their operations to value-added products and brand names 

more than ever. Currently, many of Turkish manufacturers have 

their own designs and brands in international markets. 

Indeed, world trade markets allow producers and consumers 

of the participating countries to benefit from lower prices, higher-quality 

products, more diverse supply of goods, and higher 

growth 

As known, Turkiye, being the oldest of our publications, conveys 

the messages of the Turkish exporters for years by participating in 

a series of international fairs and exhibitions. 

We wish Turkish business people and their foreign counterparts 

lucrative trade. 

Business is business… 

Susesi Luxury Resort, Belek 

Teknoloji ve Sağlık El Ele: 

Dijitalleşme ile Sağlık Hizmetlerini 

Yeniden Keşfetmek ve 

Mükemmelleştirmek İçin 

Bir Araya Geliyoruz! 

Technology and Health Hand in 

Hand: Coming Together to Rediscover 

and Perfect Healthcare through 

Digitalization! 

www.himsseurasia.com 

Letter From 

The Editor 

Antalya 

BU FUAR 5174 SAYILI KANUN 

GEREĞİNCE TOBB 

(TÜRKİYE ODALAR VE BORSALAR BİRLİĞİ) 

İZNİ İLE DÜZENLENMEKTEDİR 

BU FUAR KOSGEB TARAFINDAN 

DESTEKLENMEKTEDİR. 

Fuara katılmak ve daha fazla bilgi almak için bizi arayın! 

Call us to join the exhibiton and get more information! 

✆ +90 212 216 08 31 

info@ekspoturk.com 

THOUGHT OF 

THE MONTH 

Always listen to experts! 

They’ll tell what can’t 

be done and why. Then 

do it! 

World Bank revises up 

global growth forecast for 


GDP growth projected at 2.6% this year, 2.7% in 2025-26 

ANKARA – The World Bank revised the global growth forecast 

for this year to 2.6%, up 0.2 percentage point from its previous 

projection. 

The figure is foreseen to hold steady compared to last year for the 

first time in three years despite heightened geopolitical tensions 

and high interest rates, the bank said in its latest Global Economic 

Prospects report. 

The upward revision was led by continued solid growth in the US, 

it stressed. 

The bank forecast the gross domestic product (GDP) growth will 

edge up to an average of 2.7% in 2025-26 amid modest growth in 

trade and investment. 

The figure is below the 3.1% average in the decade before the 

pandemic or 2010-19. 

“Four years after the upheavals caused by the pandemic, conflicts, 

inflation, and monetary tightening, it appears that global economic 

growth is steadying,” said Indermit Gill, the World Bank Group’s 

chief economist and senior vice president. 

The GDP in developing economies are forecast to increase 4% on 

average in 2024-25 and in advanced economies to hike 1.5% this 

year before rising to 1.7% next year. 

Gill underlined the need for developing economies to find ways to 

encourage private investment, reduce public debt, and improve 

education, health, and basic infrastructure. 

The report highlighted that one in four developing economies is 

expected to remain poorer than it was in 2019. 

The World Bank hiked its growth projection for China by 0.3 

percentage point to 4.8% this year, due to stronger-than-expected 

activity in early 2024, particularly exports. The world’s secondlargest 

economy is projected to grow 4.1% in 2025, down 0.32 point 

from the January report. 

The GDP in the US is expected to increase by 2.5% this year and 

1.8% next year, with upward revisions of 0.9 point and 0.1 point, 

respectively. 

The euro area’s GDP growth is projected to come in at 0.7% in 2024, 

the same as foreseen in the previous report, and 1.4% in 2025, a 

downward revision of 0.2 points. 

The Turkish economy’s growth forecast was cut by 0.1 point to 3% 

for 2024 and 0.3 point to 3.6% for next year. 

The World Bank projected the global inflation to average at 3.5% 

this year and 2.9% in 2025. 

Global interest rates are likely to remain high by the standards of 

recent decades -- averaging about 4% over 2025-26, roughly double 

the 2000-19 average, read the report. 

Treasury and Finance Minister 

Mehmet Simsek announced 

significant progress in 

securing international 

funding. In a recent statement, 

he emphasized the country’s 

growing cooperation with 

global financial institutions, 

aiming to obtain vital 

resources to support economic 

initiatives and development 

projects. 

Simsek stated that they are at 

the final stage for securing $2.5 

billion in foreign financing. 

“Our work with international 

financial institutions is 

turning into concrete steps. 

Development-oriented 

projects are supported with 

favorable financing, longterm 

and below-market 

interest rates, and confidence 

in the program continues to 

increase,” he said. 

$2.9B in financing secured this 

year 

Simsek reported that Türkiye 

has secured approximately 

$2.9 billion in long-term 

financing at below-market 

interest rates this year. 

This funding primarily 

addresses infrastructure 

needs following recent 

earthquakes and supports 

green transformation 

initiatives for exporters. 

“This financing is primarily used 

to meet the infrastructure 

needs that arise after the 

earthquake,” said Simsek. 

The financing aligns with 

Türkiye’s climate change goals 

and green economy transition. 

Future projects and approvals 

Looking ahead, Simsek 

highlighted several upcoming 

projects awaiting approval 

and signing. Notably, the 

World Bank has approved four 

projects totaling around $1.9 

Responsible Editor: 

Mehmet Söztutan 

(mehmet.soztutan@img.com.tr) 

Editors: 

Assoc. Prof. Mehmet Ali Özbudun 

Ayça Sarıoğlu 

Dilara CİCA 

Correspondent: 

İsmail Çakır 

(ismail.cakir@img.com.tr) 

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Recep Arslantaş 

(recep.arslantas@img.com.tr) 

Arts Director: 

Tayfun Aydın 

(tayfun.aydin@img.com.tr) 

Subscription: 

Ismail Özçelik 

(ismail.ozcelik@img.com.tr) 

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-What about economists? 

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WHEN CONTACTING ADVERTISERS 

THE ECONOMIST 

Well 

billion. 

These projects aim to tackle 

flood and drought challenges, 

enhance energy efficiency 

in public buildings, rebuild 

industrial sites in earthquakeaffected 

areas, and produce 

green sector jobs for women 

and youth. 

“In this framework, 4 projects 

approved by the World Bank 

amounting to approximately 

$1.9 billion are about to be 

signed. With this resource, 

it is aimed to take measures 

against floods and droughts, 

to make investments to 

increase the energy efficiency 

of public buildings, to rebuild 

small industrial sites in the 

earthquake zone, and to 

facilitate women and youth 

access to jobs produced by the 

green sectors of the economy 

by increasing financing 

opportunities,” Simsek 

highlighted. 

Support for earthquakeaffected 

regions 

Simsek detailed efforts to 

secure additional funding 

for earthquake recovery and 

green transformation. The 

Islamic Development Bank 

and the International Islamic 

Those who cannot forecast interest 

rates, and 

- Those who do not know that they 

cannot forecast interest rates. 

Türkiye’s $2.5B funding paves 

the way for new projects 

Trade Finance Corporation 

are expected to provide $250 

million for these initiatives. 

Additionally, $200 million 

from the Asian Infrastructure 

Investment Bank is earmarked 

for road improvements, and 

$165 million from the Islamic 

Development Bank will 

support schools in earthquakeaffected 

regions. Türkiye is 

nearing the finalization of $2.5 

billion in external funding. 

Ongoing international 

collaboration 

Minister Simsek also 

mentioned the Middle 

Corridor Railway Development 

Project, which benefits 

from international support. 

He reaffirmed Türkiye’s 

commitment to transparency 

and cooperation with global 

institutions to finance 

infrastructure investments 

and support green 

transformation, reflecting 

increased confidence in 

Türkiye’s economic program.

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Climate change, environmental pollution, occupational 

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As diseases that pose significant threats to 

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4 Economic Newspaper 

Please mention 

“Made in Turkey” when writing to advertisers 

September 


HIMSS Eurasia 2024: 

Shaping the Future of Health Informatics and Technologies 

Taking place from December 2-4, 2024, in 

Antalya, the HIMSS Eurasia Health Informatics 

and Technologies Education, Conference, 

and Exhibition will bring together leading figures 

and technology giants in the healthcare 

sector. This event will offer a unique platform 

to discuss innovative solutions and advanced 

technologies in health informatics. Spanning 

three days, it will host sector professionals, 

government officials, academics, and healthcare 

providers, showcasing the latest developments 

in the field and shaping the future of 

health informatics. 

Transformation and Innovation in Health 

Informatics 

HIMSS Eurasia 2024 will provide a unique 

opportunity for companies operating in the 

health informatics and technologies field to 

showcase their latest products and services. 

Particularly for companies in health technologies, 

this event offers an unrivaled chance to 

present their innovations to an international 

audience. In addition, the latest trends and 

developments will be thoroughly analyzed by 

industry professionals. Sessions dedicated to 

healthcare service managers and experts will 

explore how to effectively implement transformations 

in health informatics and assess 

the impact of these changes on healthcare 

delivery. 

Health informatics is not just about increasing 

efficiency; it also improves the quality of patient 

care, contributing to the sustainability of 

healthcare systems. In this context, the topics 

covered at HIMSS Eurasia 2024 will include 

data management, electronic health records, 

telemedicine applications, cybersecurity, and 

the digitalization processes in hospitals. These 

subjects will be tackled by experts who will 

discuss how to make the use of technology in 

healthcare services more effective and how to 

integrate these processes into healthcare systems. 

Academic and Public Perspectives 

This event will delve into the roles of not only 

the private sector but also government officials 

and academics in health informatics. 

Public sector representatives will discuss how 

to optimize public-private partnerships in health 

informatics. The challenges encountered 

in the digitalization of healthcare services and 

the strategies developed to overcome these 

challenges will be analyzed from a public 

sector perspective. These sessions will share 

experiences on the creation and implementation 

of digital health policies. 

For academics, HIMSS Eurasia 2024 offers 

sessions focused on new research and development 

opportunities in health informatics. 

These sessions will be enriched with case studies 

and successful projects that demonstrate 

how scientific research can be transformed 

into practical applications. Additionally, the 

most up-to-date research in academic circles 

and discussions on how to integrate this research 

into healthcare services will take place. 

This will enable the birth of new academic 

collaborations and the application of scientific 

knowledge in the field. 

SmartHospital and the Future of Health 

Technologies 

One of the most notable features of HIMSS 

Eurasia 2024 is the SmartHospital innovation 

and experience area, a project supported by 

the European Union. This area will showcase 

the most advanced examples of digitalization 

in healthcare services, offering participants 

the opportunity to experience the latest innovations 

in this field. SmartHospital will practically 

demonstrate how digital hospitals operate, 

how patient care processes are improved, 

and how these processes can be made more 

efficient. This area provides an unmissable 

opportunity for those looking to advance digitalization 

in the healthcare sector. 

The special sessions will provide in-depth 

analyses and forward-looking insights into 

different areas of health informatics. The Artificial 

Intelligence (AI) sessions will explore 

how AI technologies are used in healthcare 

services, their impact on patient care, and 

how AI is revolutionizing healthcare delivery. 

The sessions on healthy living technologies 

will cover a wide range of innovative solutions, 

from personal health tracking devices to 

digital wellness platforms. 

The Power of the International Ecosystem: 

Participant Profile 

HIMSS Eurasia 2024 stands out as not only 

a national but also an international meeting 

point. Ministers, deputy ministers, and healthcare 

providers from over 30 countries worldwide 

will come together at this event to share 

knowledge and experiences. This broad participation 

offers a unique opportunity for those 

looking to gain a global perspective on health 

informatics. Participants will discuss the digitalization 

processes of healthcare systems in 

their respective countries and the challenges 

they face in these processes. Additionally, the 

international examples presented in these sessions 

will give participants the chance to see 

different applications firsthand and integrate 

them into their own systems. 

On a national level, HIMSS Eurasia 2024 will 

bring together over 1,000 hospital managers, 

experts, and professionals from across Turkey. 

These participants will exchange information 

on Turkey’s developments, successes, and future 

goals in health informatics. Moreover, 

these professionals will have the opportunity 

to collaborate with international participants 

and establish new business connections. This 

will further strengthen Turkey’s role in health 

informatics and enhance its representation on 

the international stage. 

Networking and Collaboration Opportunities 

HIMSS Eurasia 2024 offers participants extensive 

networking and collaboration opportunities 

beyond just being a conference and 

exhibition. The social events and special sessions 

organized throughout the event will allow 

participants to communicate directly with 

each other and collaborate. In particular, the 

EurasiaStart meetings designed for startups 

will provide a perfect platform for new ventures 

to introduce themselves, meet investors, 

and provide collaboration opportunities. 

In conclusion, HIMSS Eurasia 2024 stands 

out as a must-attend event for anyone looking 

to shape the future of health informatics. 

This organization offers knowledge-sharing 

and collaboration opportunities for industry 

leaders, technology companies, government 

officials, and academics, while also serving as 

a source of information for those interested in 

following the latest trends in health informatics. 

For those seeking innovative solutions in 

the healthcare sector, HIMSS Eurasia 2024 is 

an unmissable gathering. 

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Türkiye has achieved a 

significant reduction in 

its current account deficit 

during the first half of 2024, 

with a $407 million surplus 

recorded in June, the 

Central Bank of the Republic 

of Türkiye (CBRT) reported. 

According to Trade 

Minister Omer Bolat, this 

improvement is attributed 

to a combination of rising 

exports and declining 

imports, which has 

bolstered the country’s 

macroeconomic stability. 

In June 2024, Türkiye 

recorded a current account 

surplus of $407 million, 

marking the first surplus 

since September 2023. 

The current account deficit 

for the period from January 

to June 2024 stood at $16.5 

billion, a 55% decrease 

compared to the same 

period in 2023. 

Trade Minister Bolat noted 

that exports have increased 

by 2.9%, reaching $258.8 

billion by June, while 

imports decreased by 6.6%, 

down to $346.4 billion. 

The trade deficit narrowed 

by 26.6%, dropping to $87.6 

billion. 

Bolat highlighted that the 

trade deficit has narrowed 

by 26.6%, with the exportto-import 

coverage ratio 

improving to 74.7%. 

Service exports, particularly 

from travel, have 

significantly contributed to 

the surplus, with annualized 

service revenues hitting 

a record $105.8 billion in 

June. 

bThe CBRT data also 

shows that travel revenues 

reached $51.9 billion, 

further bolstering the 

current account balance. 

Bolat highlighted that 

with continued support for 

exports and measures to 

curb imports, the current 

account deficit is expected 

to fall below the Medium- 

Term Program (MTP) target 

by the end of the year. 

The ongoing trend of 

improved trade balance 

is projected to contribute 

positively to both the current 

account and economic 

growth throughout 2024.






“Healthy Choice for Health” 

ORSA, which produces Orthopedics and Physiotherapy products, has become a sought-after 

brand all over the world. Regarding the company’s activities and developments in the 

sector, ORSA Ortopedi Sanayi General Manager Pharm. We talked to Necdet Capa. 

Can we get to know ORSA Orthopedics Industry 

company, which is an organization 

of Capa Group, better? 

ORSA has been producing Orthopedics and 

Physiotherapy products since 1976. Setting 

out with the slogan of “Healthy Choice 

for Health”, ORSA first put an end to our 

country’s dependence on abroad for Orthopedic 

products. Our policy of offering high 

quality and certified quality products to consumers 

at affordable prices has been popular 

not only in Turkey but also all over the world. 

Turkish Orthopedics products have become a 

symbol of trust and quality abroad with our 

honest, high quality and affordable overseas 

sales. ORSA has also become a sought-after 

brand all over the world. 

Exp.Ph. Necdet CAPA 

“ORSA IS ONE OF THE WORLD’S 

BIGGEST COMPANIES” 

ORSA Orthopedics Industry is very active 

in bringing products to the sector. For this, 

can we listen to your product range from 

you? 

Since we love R&D, we are constantly working 

on developing new products. This enables raw 

material producer companies outside our sector 

to bring us continuous cooperation offers 

on technological product development. Thus, 

we are proud of introducing new products to 

the sector every year and always breaking new 

ground in our sector. 

I think we are one of the biggest companies 

in the world in terms of product diversity. 

We have more than 750 types of production. 

Since we are an old manufacturer, we have 

the ability to produce all kinds of orthopedic 

products, from classical model products to 

modern products. That’s why we have a variety 

of products that appeal to every doctor 

in every country in the world. For example, 

we can produce the Lumbosacral Corset in 

the classic buckle model. We can also produce 

models with elastic velcro. We can produce in 

rigid model. We can produce a unique model 

in the world from the sweatproof Alptex 

three-dimensional fabric. Thus, we manufacture 

more than thirty models, even in the 

Lumbosacral corset alone. Whatever model 

the doctor wants, he can find that model in 

us. Our dealer can supply any model that the 

doctor wants from our company, without the 

need for another manufacturer. Our company 

is preferred because it is also advantageous for 

sellers to obtain every product they seek in 

orthopedics from a single company. 

“EASE OF USE AND 

FUNCTIONALITY ARE 

IMPORTANT” 

What is the most important feature that allows 

you to become a “Brand sought after in 

the world” and distinguishes you from your 

competitors? 

The most important feature that distinguishes 

us from our competitors is our ability to 

empathize and put ourselves in the patient’s 

place. Since we have instilled this feature in 

our employees since 1976, we can immediately 

separate the product that is not suitable 

for the patient in production and sale. In the 

use of raw materials, it is important for us that 

the raw material is non-toxic and not allergic 

before the price. There are issues that we pay 

more attention to than the cost of the finished 

product, not sweating, ease of use and functionality. 

We become a sought-after brand in 

the world, as we have proven our work that 

respects the patient, nature and people with 

tests, clinical studies and quality certificates. 

“PATIENTS NO LONGER 

DISRUPT TREATMENT WITH 

REGULAR USE “ 

As a company that was awarded the “Best 

Orthopedic Support Products Manufacturer” 

by Global Health & Pharma, can you 

tell us about your success strategies? 

Receiving the Best Orthopedic Support Products 

Manufacturer award by GHP in England 

has been a source of pride for us and 

our country. We received this award with 

our products that make the life of the sick, 

elderly and disabled people easier. We can 

briefly list our products made of 3D Alptex 

fabric, which enables us to receive 

the award; 

The sheets made of 3D Alptex 

fabric, which we have developed, provide 

thermal comfort with high air permeability, 

sweat less, feel cooler and dry, and provide 

excellent pressure distribution. With these 

properties, it prevents the opening of wounds 

in the elderly and patients. It eliminates many 

factors such as sweating, pressure formation, 

and lack of air that cause pressure sores to 

open. 

For people who are constantly sitting in a 

wheelchair, we made pads made of terry cloth 

and 3D fabric for the back and waist area 

of the wheelchair. Our pads, which provide 

superior air circulation and pressure distribution, 

also provided life comfort to wheelchair 

addicts. It has made their lives easier by 

preventing problems such as sweat and stuffiness. 

In cases such as menopause, old age, diabetes 

and excessive sweating, falling asleep and 

uninterrupted sleep are problematic. Most 

people get out of bed without rest. With our 

bamboo Alptex sheets that we have developed 

for such situations, we have enabled people to 

achieve the comfort of sleep. Thus, a comfortable 

and thermally comfortable sleep pattern 

was generated in patients and the elderly. 

Our company, which has been producing orthopedic 

supports since 1976, has worked with 

different raw materials until today. We have 

hundreds of model products that we produce 

for ailments in all parts of the body. In the 

spine, waist, hip, knee, hand-ankle, shoulder, 

arm, trunk, in short, in every joint and muscle; 

We have products used in every part of the 

body. These products are given as a support to 

the affected area. Fixing, restraining, resting, 

protecting, etc. Our products are used for various 

purposes. The problem we have been experiencing 

for years with raw materials such 

as neoprene, knitted fabric and sponge fabric 

we use in these products; it was sweating the 

area where they were used. All products were 

sweating and not ventilating the applied area. 

Therefore, the patient did not use the products 

regularly and interrupted the treatment. In 

addition, the patient was delaying the treatment 

because he did not have sweating control. 

There could be discomfort in the sweating 

area. The patient’s treatment was delayed due 

to intermittent use. Our works made of three-dimensional 

fabric inspired us. We produced 

Orsa Plus series innovative orthopedic 

support products that thin this fabric, provide 

the necessary elasticity, and provide superior 

air circulation and excellent pressure distribution. 

With these support products produced 

with 3d Alptex fabric technology that makes 

you sweat less, feels cooler and dry, patients 

no longer interrupt the treatment with regular 

use. It is treated in a shorter time without deteriorating 

the quality of life. Sweating control 

also prevents patients from sweating and getting 

cold. 

What should hospitals or dealers 

in your sector pay attention to 

when purchasing products? What are your 

suggestions? 

Unfortunately, in recent years, the raw materials 

used to reduce costs in our industry have 

begun to turn to low-quality, non-standard 

cheap products. Manufacturers started to use 

non-standard cheap raw materials to reduce 

costs. For example, there is a raw material called 

Neoprene, which is used in products such 

as Knee Braces, Ankle Braces, Elbows. Neoprene 

is a fabric that stretches in four directions 

and gives support to the damaged area as if 

holding it by hand. I regret to see that most of 

the manufacturers in Turkey have started to 

use sponge fabric instead of neoprene. I call 

this fabric fake neoprene. Because there is a 

sponge that has been tried to be likened to neoprene, 

and its price corresponds to one fifth 

of the neoprene fabric. Since this fake neoprene 

does not stretch like real neoprene, its therapeutic 

properties are greatly reduced. Since 

there is a sponge in the fabric, the sponge is 

divided into pieces with the velcro used while 

the fabric is attached and removed. While 

the knee pad made of neoprene is used for 1 

year, the knee pad made of fake neoprene falls 

apart in 1 month. I used to say that manufacturers 

using low quality non-stretch neoprene 

should be careful. Now, even worse, hospitals 

and dealers should pay attention to manufacturers 

using fake neoprene when purchasing 

products. Even when considering the knee 

pad produced by us from neoprene and the 

knee pad produced by another company from 

fake neoprene, it is noticeable with its weight 

and fullness. 

In addition, companies that use thin fabrics 

such as paper by reducing the weight of the 

lined fabric, which is widely used in corsets, 

unfortunately increased. There are companies 

that delay the treatment by stealing from the 

thickness of the fabric so that the cost is cheap. 

Due to this thin fabric, the corset is deformed 

in a short time and the patients suffer. 

Dealers and hospitals should pay attention to 

these when purchasing products. 

The downside is that companies that make 

this type of non-standard production expand 

abroad. As these poor quality products are 

sold abroad, complaints will come. These types 

of companies will cause permanent damage 

to the perception that Turkish Orthopedic 

products, which we have developed by working 

and toiling in accordance with the standard 

for years, are of high quality. This is why 

it is necessary to pay attention to companies 

that run away to cheap and poor quality of 

everything in order 

to give low 

prices abroad. 

“NATURAL 

PRODUCTS WILL BE 

SUPPORTED” 

How do you evaluate the developments in 

your sector? Is there a new trend? 

As in every subject in the world, there have 

been developments towards natural products 

in our sector as well. Products made from natural 

products that do not harm nature and 

humans will soon become more popular. The 

new trend in the world will be healthy health 

products. We also conduct researches and 

studies in this direction on our raw materials. 

In addition, we have started production 

on natural medicinal products in our newly 

established Tabimer Medical Aromatic Plants 

Center Company. We started the production 

of medicinal plants, aromatic oils, hydrolates 

and medicinal teas, which are sold in Pharmacopeia 

quality pharmacies with the advice 

of a doctor. We started to get very good results 

from our studies with academic and scientific 

support. We think that we will be able to appear 

in your journal with good news in the 

field of Traditional and Complementary Medicine 

with Tabimer, where we are going with 

slow and scientific steps.





Türkiye seeks to 

strengthen global trade 

ties with new FTAs, PTAs 

ürkiye’s total machinery exports, 

including free zones, amounted to 

$15.8 billion in the January-July 

Continued From Page 1 

Moreover, efforts are underway 

to implement a new PTA with the 

Maldives. Discussions are also continuing 

for the initiation of negotiations 

to sign this agreement with 

Algeria. 

Accordingly, with its extensive 

network of trade agreements, Türkiye 

is among the top 10 countries 

in the world with the most FTAs. 

The domestic approval processes 

of FTAs that Türkiye is conducting 

with Ukraine, Qatar, Lebanon and 

Sudan are ongoing. 

In this context, a new era began 

with the publication in the Official 

Gazette at the beginning of this 

month of the regulation concerning 

the Türkiye-Ukraine FTA, which 

was signed in Ukraine’s capital Kyiv 

on Feb. 3, 2022. 

The agreement, which is awaiting 

approval by the Ukrainian Parliament, 

will enter into force once the 

domestic approval process is completed. 

The agreement aims to significantly 

liberalize a large portion of agricultural 

and industrial products originating 

from Ukraine. 

Moreover, the Türkiye-Qatar Trade 

and Economic Partnership Agreement 

(TEPA) was signed in 2018. 

The agreement, which is currently 

being negotiated through diplomatic 

channels with Qatar, aims to 

liberalize trade in services between 

the two countries and mutually increase 

market entry and investment 

opportunities for service providers 

operating in electronic commerce. 

The agreement, which also aims to 

strengthen cooperation in regulations 

related to e-commerce, is expected 

to provide various advantages 

to the Turkish business community 

in areas ranging from trade in goods 

to telecommunications services. 

At the same time, the domestic approval 

process in Lebanon is awaiting 

for the FTA between Türkiye 

and Lebanon to enter into force. 

This agreement aims to abolish 

customs duties applied on mutual 

industrial products. 

In addition, the domestic approval 

processes of the Türkiye-Sudan 

Trade and Economic Partnership 

period, according to the Machinery 

Exporters Association (MAİB). 

The decline of 2.2 percent compared 

to the same period last year 

was calculated as 0.9 percent for the 

exports in the previous 12 months, 

which reached $27.8 billion. 

Achieving an increase of 10.4 percent 

in July compared to the same 

month of the previous year, the sector 

closed the gap arising from the 

decline in June with this recovery. 

“In an environment where elections, 

climate-related crises, and 

frequently violent conflicts increase 

uncertainties, it is natural to be 

concerned about recession as the 

expected interest rate cuts by central 

banks are delayed,” MAİB President 

Kutlu Karavelioğlu said. 

In this period of global recession 

concerns, machinery manufacturers, 

which approached the previous 

year’s data, increased their 

average exports per kilogram to 

$7.4, fivefold higher than Türkiye’s 

Agreement are ongoing in Türkiye. 

With this agreement, it is expected 

that Sudan will initially reduce its 

existing customs duties to 30% and 

gradually eliminate them. It is also 

foreseen that Türkiye will benefit 

from more advantageous entry 

conditions for its agricultural and 

industrial products in the Sudanese 

market. 

The agreement, which also covers 

capacity-building and technical 

support issues for Sudan, is expected 

to contribute to the continued 

increase of Turkish investments in 

Sudan. The agreement also aims to 

boost bilateral trade volume to $10 

billion. 

In line with the country’s trade policy 

priorities, it is aimed to expand 

these networks of agreements. In 

this context, FTA negotiations with 

Japan, Indonesia and the Gulf Cooperation 

Council (GCC) are ongoing. 

Technical-level talks continue regarding 

the Economic Partnership 

Agreement negotiations with Japan. 

Technical discussions are also being 

held to resume the fifth round 

of the Türkiye-Indonesia Comprehensive 

Economic Partnership 

Agreement (CEPA) negotiations, 

which were initiated in Ankara in 

2017 during the visit of Indonesian 

President Joko Widodo to Türkiye. 

The fourth round of these negotiations 

was completed but the fifth 

round was postponed due to the 

COVID-19 pandemic. 

At the same time, the talks for the 

FTA between Türkiye and the Gulf 

Cooperation Council were initiated 

this year in Ankara with the participation 

of Trade Minister Ömer 

Bolat and GCC Secretary General 

Jasem Mohammed al-Budaiwi. 

The first round of negotiations has 

been completed. The agreement 

aims to increase Türkiye’s goods 

exports in many sectors, from agriculture 

to technology-intensive industrial 

products. 

All these agreements are expected 

to facilitate and strengthen bilateral 

trade, thereby contributing to an 

increase in trade volume. 

Machinery exports reaches $15.8 billion in 7 months 

overall average. 

“The fact that the decline in Türkiye’s 

export was limited to just 0.9 

percent over the past 12 months, 

despite global interest rates peaking, 

is a positive development 

and demonstrates our international 

competitiveness.” Karavelioğlu 

concluded. 

After Germany and Russia, the sector 

recorded an 11.1 percent increase 

in the U.S., which is the largest 

export destination. 

Turkish exports via railways 

surge nearly 13% in Jan-July 

period 


Uraloğlu also noted that railway 

transportation has increased the nation’s 

export potential both in terms 

of speed and capacity, saying: “We 

broke a record by carrying 1.2 million 

tons of exports in the first seven 

months of 2024, with an increase of 

13.2% compared to the same period 

last year.” 

“Türkiye’s expanding railway transportation 

capacity will further increase 

export volumes in the coming 

years. The exports we carry out 

by rail are an important element of 

our country’s economic growth,” the 

minister said. 

“Our goal is to expand these networks 

and further strengthen Türkiye’s 

strategic role in Europe’s trade 

routes.” 

Furthermore, he emphasized that 

Istanbul and surrounding provinces 

play a significant role in railway 

transportation, noting that 86% of 

total exports, or the equivalent of 

more than 1.03 million tons, were 

transported from Istanbul and 

neighboring provinces. 

He also pointed out that export 

products from provinces like Izmir, 

Eskişehir, Ankara and Sivas are delivered 

to Europe, demonstrating 

Türkiye’s logistical strength and the 

importance of railway transportation 

in exports. 

Additionally, Uraloğlu highlighted 

that railway connections that ensure 

connectivity with Europe provide 

substantial economic and environmental 

benefits. 

Uraloğlu also stressed that with the 

operation of the Baku-Tbilisi-Kars 

(BTK) railway line, Türkiye’s role as 

a trade bridge between Asia and Europe 

has been further strengthened. 

He noted that infrastructure improvements 

and cooperation agreements 

between European and Central 

Asian railways have increased 

Türkiye’s influence in railways exports. 

“At least eight freight trains operating 

daily between Türkiye and 

Europe ensure uninterrupted trade 

with Europe,” he said. 

“The leading export items include 

automotive parts, textile products, 

food, electronics, chemical products, 

cement and construction materials. 

Thanks to this transportation infrastructure, 

we offer not only a cost advantage 

but also an environmentally 

friendly and sustainable transportation 

model,” he added. 

Uraloğlu emphasized that railway 

transportation stands out as a more 

environmentally friendly option and 

that it will play a key role in adapting 

to the European Green Deal, which 

targets greenhouse gas reduction 

and competitiveness as well as in 

achieving Türkiye’s 2053 net-zero 

emission goals. 

Türkiye lifts daily gas output from vast Black Sea field to 6 mcm 

The volume of the daily natural gas 

production in the Black Sea Sakarya gas 

field has reached 6 million cubic meters 

(mcm), Energy and Natural Resources 

Minister Alparslan Bayraktar said. 

Speaking at the advisory council 

meeting of the ruling Justice and 

Development Party (AK Party) in 

Zonguldak province, Bayraktar touched 

upon the energy advancements in 

recent years, explorations in the Black 

Sea region and national energy and 

mining strategy. 

Seeking to curb energy dependence, 

Türkiye has boosted its gas and oil 

explorations, particularly through the 

national strategy it put in force in 2016, 

the minister recalled. 

“We had done exploration in the Black 

Sea in the past. We did six deep sea 

drillings in the Black Sea. We said, 

‘This time we will explore for this oil 

and natural gas with our own ships, our 

own engineers, our own technicians, 

our own people, our own youth,’” he 

noted. 

“Türkiye currently has one of the most 

advanced fleets in the world, with four 

deep-sea drilling ships, Fatih, Yavuz, 

Kanuni and Abdülhamid Han, and two 

seismic ships. Additionally, 31 ships 

are currently continuing their activities 

related to this work in Filyos,” said 

Bayraktar. 

The Sakarya Gas Field off the 

northwestern Zonguldak province is 

estimated to contain 710 billion cubic 

meters (bcm) of gas. The reserve was 

gradually discovered in August 2020. 

Recalling that nearly two and half to 

three years after giving good news of 

discovering the gas field on Aug. 21, 

2020 they began to bring it onshore, the 

minister said, “As of today, the gas we 

produce in the Black Sea Sakarya gas 

field has reached 6 million cubic meters 

per day.” 

The current output is meeting the needs 

of 2.6 million households, he added. 

“Hopefully, we will increase these 6 

million cubic meters to 10 million 

cubic meters in the first stage, by April, 

in the first quarter of 2025,” he said. 

The output is aimed to be lifted first to 

10 mcm before reaching 40 mcm in the 

final phase, enough to supply up to 15 

million households. 

Furthermore, Bayraktar mentioned 

the new floating platform, whose 

acquisition was announced by 

President Recep Tayyip Erdoğan was 

on its way to Türkiye, adding that they 

are forming a “naval base.” 

“Our new floating production platform 

is currently on its way. If all goes well, 

it will arrive in Türkiye by the end of 

September and in Filyos by the first half 

of 2025,” he explained. 

“With this production facility, we will 

produce 10 million cubic meters of 

gas daily at a location 170 kilometers 

(105.63 miles) from the coast for 20 

years, and hopefully we will supply this 

gas to our homes and businesses.” 

Referring to steps Türkiye undertook 

to curb the foreign dependence in the 

defense industry, Bayraktar further 

conveyed the aim to reduce it in the 

energy sector as well. 

“Türkiye will soon become a country 

that provides its own energy with its 

dams, hydraulic power plants and 

nuclear power plants, and will reduce 

its dependence on foreign energy,” said 

the minister. 

Stating that natural gas studies in 

Filyos would continue for 20-25 years, 

Bayraktar however said that the Sakarya 

Gas Field alone is insufficient and that 

this production should be increased. 

“Therefore, Türkiye will continue to 

have different operations, different 

research and studies in the Black Sea, 

the Mediterranean, Somalia, Libya, and 

many other countries from now on, 

God willing.” 

Moreover, all these studies are not 

limited only to the field of natural gas, 

said the minister, touching upon the oil 

production. While Türkiye overall was 

producing some 36,000 barrels of oil 

daily eight years ago, Bayraktar noted 

that at present the production from 

the Gabar field only was approximately 

47,000 barrels. 

“Hopefully, we would lift this to 100,000 

barrels,” he said. 

“With the drilling we will carry out 

in Hakkari, Van, the current work we 

have done, and the new work we will 

carry out in the Black Sea, we will both 

increase the existing reserves and, 

with new incentives, hopefully, reduce 

our dependence on foreign sources 

for oil and natural gas,” the minister 

concluded.






Minister says 

Türkiye emerging 

as energy hub in 

region 

Turkish exports to SCO member 

countries up 85% in last 5 years 


Highlighting the necessity of a developed 

market to become an energy hub, the minister 

emphasized that Türkiye already 

possesses this, driven by a significantly 

high level of consumption. 

He further stressed the importance of pipelines 

in this endeavor, recalling the TA- 

NAP project of 2018 and the TurkStream 

project of 2020. 

“As a result, the infrastructure — including 

natural gas pipelines, international pipelines, 

and domestic investments — enables 

us to bring gas into Türkiye beyond its 

own needs.” 

Bayraktar underscored the critical importance 

of supplying the surplus gas to neighboring 

countries. 

“We’ve brought the goods [the gas] to market. 

Now, we need an exit. The key players 

New rules require sellers to provide authorization 

certificates, detailed information 

on right of withdrawal, and handwritten 

acknowledgment of terms and exceptions 

ANKARA – The Turkish Trade Ministry 

announced on Friday a new regulation 

concerning consumers’ right of withdrawal 

from distance sales contracts, allowing 

cancellations via text and email on 

sellers’ platforms. 

The regulation aims to better protect consumers 

by mandating that sellers provide 

detailed preliminary information, including 

mandatory contract content, forms, 

terms and exceptions of the right of withdrawal, 

and an authorization certificate, 

as stated in the official gazette. 

The new rules will also require sellers to 

share their contact information to facilitate 

easier communication. 

“The regulation is designed to prevent deception 

and protect consumers from being 

misled,” the ministry said. 

here are Bulgaria and Greece. Especially 

with the Bulgarian route, we have the potential 

to supply gas across Europe, reaching 

Romania, Hungary, Slovakia, Macedonia 

and Serbia,” he noted. 

The sole impediment is the current capacity, 

which is only 3.5 billion cubic meters, 

he pointed out, noting that the government 

is striving to at least double this capacity 

in collaboration with Bulgaria. 

“It’s not about constructing a new pipeline; 

rather, it’s about making investments. How 

can we expand this capacity with minimal 

investments?” 

“Assuming Türkiye’s current gas consumption 

stands at 50 billion cubic meters, we 

are working on building the infrastructure 

to export 15 percent of this volume. Consequently, 

the transformation into a hub 

has commenced.” 

Responding to a question about the commencement 

date for production at the Akkuyu 

Nuclear Power Plant in the southern 

province of Mersin, the minister expressed 

a desire to start as soon as possible, while 

acknowledging existing challenges. 

“There are pieces of equipment awaiting 

in Germany, particularly for Akkuyu. Will 

the nuclear plant be operational without 

these? It will, because Siemens is not the 

only manufacturer. However, replacing 

these components will take time. Therefore, 

we are moving in that direction, though 

this may delay our target dates.” 

Bayraktar further announced that the new 

daily production target for the Sakarya 

Gas Field is set at 60 million cubic meters. 

If this target is achieved, the gas used in 

residential areas across Türkiye could be 

sourced entirely from this field. 

Türkiye eases regulations on right of withdrawal 

for distance sales contracts 

Under the new regulation, customers will 

be required to handwrite the terms and 

exceptions of the right of withdrawal to 

ensure they acknowledge these conditions. 

Additionally, the regulation grants customers 

the right to withdraw from products 

that are typically exempt, such as activation 

codes. 

“An additional period has been defined 

to prevent sales without an authorization 

certificate. The application process for 

authorization certificates has been made 

stricter, and revocation has been facilitated 

if non-compliance with the regulation 

is detected,” the ministry added. 

The regulation will take effect on January 

1, 2025. 

Turkish exports to Shanghai Cooperation Organization 

(SCO) member countries have skyrocketed, 

increasing 85% over the last five years, according 

to an Anadolu Agency fffreport on the eve of the 

SCO meeting in Astana. 

Accordingly, the exports from Türkiye to these 

countries surged from a value of $14.1 billion 

(TL 459.3 billion) in 2019 to nearly $26.1 billion 

in 2023. 

The share of these countries in Türkiye’s overall 

exports last year was 10%. 

Türkiye’s imports from SCO member countries reached 

$106.3 billion last year, around double the 

$55.6 billion total in 2019. 

President Recep Tayyip Erdoğan and other officials, 

including Energy and Natural Resources Minister 

Alparslan Bayraktar, Treasury and Finance 

Minister Mehmet Şimsek, Trade Minister Ömer 

Bolat, and chief advisor on foreign policy and security 

to the president, Ambassador Akif Çağatay 

Kılıç, are attending summit in the capital of Kazakhstan. 

In addition to energy agreements made by the 

SCO member states, which control a significant 

portion of the world’s natural gas reserves, the benefits 

of transportation and infrastructure projects 

connecting the countries are also noteworthy. 

In this context, Türkiye is participating in China’s 

Belt and Road Initiative (BRI) project. In addition, 

an agreement on a China-Kyrgyzstan-Uzbekistan 

railway project, which is planned to be built under 

the initiative, was signed. 

Türkiye’s recent development of political relations 

with the SCO member countries, which consist of 

nearly half of the world’s population, has brought 

about positive commercial and economic repercussions. 

The SCO was founded in 2001 with Russia, China 

and Central Asian powers and later included India, 

Iran and Pakistan. Its latest addition includes 

Belarus, which o formally joined the organization 

to become its 10th member state. There are two 

other observer states, Afghanistan and Mongolia, 

and 14 dialogue partners, including Türkiye. 

Before Erdoğan visited the summit, the president 

had contacts with the countries members, including 

his trip to Russia last September. Last year, he 

also visited Kazakhstan to attend the 10th summit 

of the Organization of Turkic States (OTS) and Uzbekistan 

to attend the 16th Summit of the Economic 

Cooperation Organization (ECO). 

As part of the prominent visits at the ministerial 

level, Industry and Technology Minister Mehmet 

Fatih Kacır held contacts in China last year. Later, 

Türkiye’s energy and foreign ministers also visited 

China and held high-level meetings. 

Turkish delegation at the SCO Astana summit has 

held multiple talks with other attendees and delegations, 

including an inter-delegation meeting 

with Russia, a trilateral Azerbaijan-Türkiye-Pakistan 

meeting, a delegation meeting with Qatar, in 

addition to other ministerial contacts. 

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0212 275 82 83 info@istexpo.com www.istexpo.com 

Informa Sağlık Fuarları Türkiye Resmi Temsilcisi





Istanbul 

welcomes over 

8.5M tourists in 

first half of year 


This figure stood at 7.9 million in the first six months 

of last year. 

The arrivals to the city registered a steady rise when 

looking at the six-month figures, as it had hosted 6.75 

million visitors in the same period of 2022, the data 

showed. 

In June alone, nearly 1.64 million people opted to visit 

Istanbul, the data revealed, resulting in a moderate 

increase compared to the 1.62 million the city hosted 

in the same month of 2023. 

Nearly 21.6 million foreigners visited Türkiye between 

January and June, according to official data shared 

last month, up 10.3% compared to the same period 

a year earlier. Combined with the arrivals of Turkish 

citizens living abroad, the total arrivals in the six 

months reached 26.1 million, according to Culture 

and Tourism Ministry data. 

The latest figures from Istanbul, as well as recent data 

that showed arrivals to the Mediterranean tourist hub 

Antalya exceeded 9 million in the first seven months, 

keep optimism for achieving new records for one of 

the key sectors of the Turkish economy. 

Turkish government targets to see arrivals at the 60 

million mark at the end of the year, while aiming to 

generate $60 billion from tourism revenues. 

Of the tourists who arrived in Istanbul in June, 1.58 

million came via air, and the remainder, or nearly 

56,000 individuals, used seaports. 

According to the directorate’s data, 73.39% of those 

arriving in the city preferred Istanbul Airport, while 

26.51% came via Sabiha Gökçen International 

Airport. 

Leading the list of arrivals to Istanbul in June were 

visitors from Russia with 171,633. 

According to the data, they were followed by visitors 

from the U.S., with 112,966 and Germany, with 

102,559. 

Other countries that topped the list with the most arrivals 

were Iran, Saudi Arabia, the U.K., France, Uzbekistan, 

Iraq and Italy. 

Türkiye expects more foreign investments 

and sustainable capital inflows in 2025 


Programs and incentives implemented 

recently have led to international companies 

announcing new investments in 

Türkiye, and more announcements are 

expected soon, the vice president said. 

“In this context, we have invited senior 

executives from the world’s leading investment 

firms to our Investment Advisory 

Council meeting, which will be 

chaired by our President [Recep Tayyip 

Erdoğan] on Sept. 28,” Yılmaz said. 

“At this meeting, we will hear the priorities 

of multinational investors and ensure 

that an international perspective 

is reflected in our macro-level policies. 

Through these high-level meetings, we 

hope that investors from around the 

world will make an increasing number 

of qualified direct investments in our 

country. In an environment where the 

global supply chain is being reshaped, 

we aim to make Türkiye a higher priority 

in the investment decisions of multinational 

companies in order to sustainably 

reduce the current account deficit.” 

A written statement issued after the 

meeting said that the council “received 

the opinions and evaluations of the 

members of the council on the MTP 

[Middle Term Program] updated for the 

period 2025-2027 in order to produce a 

realistic and balanced framework with 

internal consistency that can meet the 

needs of all segments of society.” 

“The work within the framework of the 

YOİKK Action Plan, which is determined 

in a participatory manner in accordance 

with the priorities of the business 

community and focuses on improving 

investment processes, reducing the 

current account deficit, accelerating 

the dual transformation, strengthening 

the relationship between vocational 

training and employment and facilitating 

the export of goods and services, 

will continue with determination,” the 

statement read. 

Meanwhile, net inflows of non-resident 

capital to Türkiye are expected to 

surge in 2025, provided that orthodox 

macroeconomic policies are sustained, 

the Institute of International Finance 

(IIF) said in a recently published report, 

providing an optimistic outlook for resurgence 

across the vast majority of 

emerging markets (EMs) this year. 

“Authorities have communicated their 

commitment to maintain a tight policy 

stance until significant strides are made 

in curbing inflation and steering inflation 

expectations on a downward trajectory,” 

IIF said in the report evaluating 

capital flows to emerging economies. 

It said tighter macroeconomic policies 

helped Türkiye to narrow its current account 

deficit to $10.9 billion in the first 

quarter of this year, down from $24.6 

billion in the same period of last year, 

adding those policies attract sizable net 

inflows of non-resident capital. 

The near-term prospects for net capital 

flows to Türkiye hinge on whether resident 

and non-resident investors will 

find the wider spreads offered by Turkish 

assets attractive enough, especially 

considering that continued tight, or 

even tighter policies will further reduce 

the country’s external and internal 

vulnerabilities, such as its narrowing 

current account deficit and easing inflation, 

it added. 

Major developing economies are expected 

to see net capital inflows this year 

rise by nearly a third to $903 billion although 

much of that hinges on global 

growth holding up, the banking trade 

group’s report said. 

The 32% net increase is expected to be 

mostly driven by a strong recovery in 

foreign direct investment (FDI) and by 

cash directed at equity portfolios, said 

the report by IIF, which covers 25 countries 

across emerging markets, including 

China, India, Russia and Mexico. 

Even as global growth, seen at 3.1% this 

year, is forecast to be below the 3.8% 

average through 2000-2019, “a global 

‘soft landing’ scenario makes for a positive 

picture for capital flows to EMs,” 

said the report, which was published. 

“Global trade has also shown signs of a 

modest recovery in the past few months, 

driven by a pickup in EM trade volumes.” 

Capital flows are a component of a 

country’s balance of payments, alongside 

the current account balance and 

changes in reserves. Non-resident capital 

flows consist mostly of foreign 

direct investment, as well as portfolio 

investments into stocks and bonds. 

Net inflows of FDI are projected to 

jump to $426 billion in 2024, while net 

flows into foreigners’ portfolios could 

hit $259 billion, from $161 billion in 

2023, as China, a massive source of 

outflows over the last two years, modestly 

recovers. 

The report’s universe includes six economies 

each from Emerging Europe, 

Latin America and Africa/Middle East, 

and seven from Asia. 

Across other geographical regions, 

robust growth and solid macro fundamentals 

will drive a rebound in foreign 

capital flows to Asia excluding China. 

JPMorgan’s inclusion of India in its benchmark 

local currency bond index, which 

is due to begin next month, “could 

lead to additional inflows into local currency-denominated 

government debt 

and bring down bond yields, while also 

providing some support for the rupee,” 

the IIF report said. 

FDI outflows from Russia are expected 

to continue, but net flows will be positive 

in Emerging Europe partly due to an 

increase in FDI flows to Hungary. 

In Africa and the Middle East, the IIF estimates 

$149 billion in net nonresident 

capital flows, compared to $115 billion 

last year, with net outflows of resident 

capital expected to moderate as well. 

Egypt, Saudi Arabia and the United 

Arab Emirates (UAE) should account for 

80% of the region’s inflows according 

to the report. 

The IIF inflow projections to emerging 

economies rely on an acceleration in 

economic growth from EMs, coupled 

with “significant” rate cuts in the developed 

economies. 

On the Türkiye side, the Washington-based 

association said it expects 

that wider interest rate spreads will 

help the country to attract sufficiently 

large capital flows to finance smaller 

current account deficits of 2.6% of 

gross domestic product (GDP) in 2024, 

and 2.2% in 2025, down from 4.2% in 

2023. 

“We project that such an external financing 

scenario will align with a slowdown 

in real GDP growth from 4.5% in 2023 

to 3.5% in 2024 and further down to 

2.5% in 2025,” said the report. 

The IIF also forecasts net foreign 

borrowing in the form of loans from 

non-resident creditors should decline, 

reflecting slowing real GDP growth and 

weaker credit demand. 

The association expects net non-resident 

capital inflows to moderate slightly 

from $66 billion in 2023 to $62 billion 

in 2024, before picking up to $68 billion 

in 2025. 

“The primary downside risk is a deterioration 

in investor sentiment towards 

Turkish assets, which could be triggered 

by a premature easing of policies or 

failure to achieve the projected reduction 

in inflation and the current account 

deficit,” the report noted. 

Türkiye walked away from a period of 

lower monetary policy last year as the 

central bank embarked on a tightening 

drive that lifted its benchmark policy 

rate to 50% from 8.5% to rein in inflation. 

In its last meeting, it kept the rates 

on hold but vowed to tighten further if 

the inflation outlook worsens.






Hygiene and safety at the highest level in the 

food sector with CK Cable Tray Systems 

CK Cable Tray Systems, developed by Ceylan Kalıp with 40 years of production experience, ensures 

hygiene and fire safety in international standards in the food industry. 

• CK signature for food safety 

• CK Cable Tray Systems, the new initiative of 

Ceylan Kalıp, which has nearly 40 years of production 

experience, ensures hygiene and efficiency 

at international standards in the food 

industry. 

• Ceyhan Ceylan, General Manager of CK 

Cable Tray Systems: 

• “Open Cable Tray Systems play a vital role in 

terms of hygiene and fire safety in industrial 

facilities where all kinds of food production is 

carried out.” 

Cable tray systems used in industrial facilities 

producing food are critical in terms of both hygiene 

conditions and fire safety. 

CK Cable Tray Systems, an initiative of Ceylan 

Kalıp, which has nearly 40 years of production 

experience in its facilities in Kemalpaşa, Izmir, 

offers innovative solutions for Turkish food 

producers to produce at international standards 

in this field. 

Ceyhan Ceylan, General Manager of CK Cable 

Tray Systems, who informs about the company’s 

production processes, stated that food 

production enterprises in all developed countries, 

especially milk processing plants, are rapidly 

abandoning closed cable tray systems, 

and that manufacturers in Türkiye are also 

adapting to this situation. 

40 years of production experience 

Noting that the transport systems made of 

aluminum and stainless steel provide hygiene 

standards at the highest level with their smooth 

surfaces and easy-to-clean structures, Ceylan 

emphasized that these systems also minimize 

the risk of fire and malfunction. 

Noting that Ceylan Kalıp has invested in this 

field in its facilities in İzmir Kemalpaşa OSB 

with its long years of production experience, 

Ceyhan Ceylan said, “Our aim is to be the reliable 

solution partner of our companies that 

attach importance to food hygiene and safety, 

especially the producers in our country. In this 

direction, we also turn to exports and show our 

brand and production power in different geographies 

of the world, especially in European 

countries.” 

Pointing out that open cable tray systems used 

in the food industry make significant contributions 

to operational efficiency by managing 

the energy cabling within the facility in an organized 

manner, Ceylan made the following 

assessment: 

Hygiene and fire resistance 

“In addition to hygiene, it is critical that these 

systems are fire resistant and can be responded 

to quickly in case of fire. In addition, the easy 

accessibility of open cable Tray systems allows 

cleaning and maintenance operations to be 

carried out effectively. As CK Cable Tray Systems, 

we carry out special productions for the 

food industry, especially for milk processing, 

bottling, packaging, brewing facilities and industrial 

buildings using conveyor systems.”





Türkiye and Uzbekistan 

strengthening economic and 

political relations 

RECEP ARSLANTAŞ 

COORDINATOR 

recep.arslantas@img.com.tr 

Health 

Technologies 

The defense and tourism sectors 

continue to grow as the 

most successful sectors of our 

country. However, the healthcare 

system has developed at a level 

that can compete with world 

standards. We should not forget 

the achievements of our health 

sector, especially during the CO- 

VID-19 period. The healthcare 

sector is of great importance for 

the future of our country and 

our stakeholders. This sector not 

only provides healthcare services, 

but also sets goals to advance 

health sciences and develop 

health technologies. Efforts are 

underway to rise to the top in 

the export of high value-added 

products based on production 

in health technologies. Investments 

especially in biotechnology 

need to be increased. The 

diversity and rapid production 

capacity of our country in tissue 

production are among the 

important achievements. Accelerating 

export-oriented investments 

will give an additional 

impetus to our health sector. 

Goodbye until we see you in the 

August 2024 issue of Medikal 

Teknik. 


Economic Cooperation: A 

Growing Partnership 

Economic cooperation is a cornerstone 

of Türkiye-Uzbekistan relations. 

In recent years, trade volume 

between the two countries has seen 

substantial growth. In 2023, bilateral 

trade reached over $3 billion, 

with both nations aiming to increase 

this figure to $5 billion in the 

coming years. Key sectors contributing 

to this growth include textiles, 

construction, energy, and tourism. 

Türkiye is one of Uzbekistan’s largest 

foreign investors, with Turkish 

companies playing a significant 

role in the country’s infrastructure 

development. The construction sector, 

in particular, has seen major 

Turkish firms involved in the building 

of roads, airports, and other 

critical infrastructure projects. Additionally, 

Uzbekistan’s burgeoning 

textile industry has attracted considerable 

Turkish investment, further 

solidifying the economic ties 

between the two nations. 

The energy sector is another area of 

collaboration, with Turkish companies 

investing in Uzbekistan’s 

natural gas and renewable energy 

projects. This partnership is crucial 

for both countries as they seek to 

diversify their energy sources and 

reduce dependence on traditional 

fossil fuels. 

Political Relations: A Strategic Alliance 

On the political front, Türkiye and 

Uzbekistan have forged a strategic 

alliance based on shared regional 

interests. Both countries are members 

of the Organization of Turkic 

States, where they collaborate on 

various issues related to regional 

security, economic development, 

and cultural exchange. Türkiye has 

consistently supported Uzbekistan’s 

initiatives within the organization, 

emphasizing the importance of 

unity among Turkic-speaking nations. 

The political dialogue between the 

two nations has been marked by high-level 

visits and regular consultations. 

In recent years, Turkish President 

Recep Tayyip Erdoğan and 

Uzbek President Shavkat Mirziyoyev 

have met on multiple occasions, 

reaffirming their commitment to 

deepening bilateral ties. These meetings 

have resulted in numerous 

agreements covering a wide range 

of areas, including defense, trade, 

education, and cultural exchange. 

Regional and Global Impact 

The strengthening of Türkiye-Uzbekistan 

relations has significant 

implications for the broader Central 

Asian region. As Uzbekistan 

continues to pursue its ambitious 

reform agenda, Türkiye’s support 

and investment play a vital role 

in facilitating these efforts. This 

partnership not only contributes 

to Uzbekistan’s economic development 

but also enhances Türkiye’s 

influence in Central Asia, a region 

of growing geopolitical importance. 

Moreover, the close ties between 

Türkiye and Uzbekistan have the 

potential to contribute to regional 

stability. Both countries share 

a common interest in combating 

extremism, promoting peace, and 

fostering economic development 

in the region. Their cooperation in 

these areas aligns with broader international 

efforts to address security 

challenges and promote sustainable 

development. 

Looking Ahead: A Promising Future 

The future of Türkiye-Uzbekistan 

relations looks promising, with 

both countries committed to further 

strengthening their partnership. 

As they continue to deepen 

economic ties, enhance political 

cooperation, and expand cultural 

exchange, Türkiye and Uzbekistan 

are well-positioned to play a leading 

role in shaping the future of 

Central Asia. 

In conclusion, the relationship 

between Türkiye and Uzbekistan 

is a testament to the power of collaboration 

and mutual respect. As 

they move forward together, both 

nations stand to benefit from their 

growing partnership, contributing 

to regional stability and economic 

prosperity in the years to come. 

We are at The UzMedExpo 


These range from state-of-the-art medical devices and instruments 

to pharmaceuticals and services in dentistry. The UzMedExpo 

is thus an important meeting point for professionals from 

various areas of the healthcare sector. Numerous international exhibitors 

take advantage of the fair to present their latest products 

and services to a broad professional audience and thus open up 

new business areas. In addition to the exhibition, the UzMedExpo 

also offers an extensive accompanying program with technical 

lectures, workshops, and discussion rounds on current topics and 

challenges in the healthcare sector. 

Thus, the fair makes an important contribution to the further education 

and professionalization of the sector in Uzbekistan and 

the entire region. 

This year the UzMedExpo takes place on 3 days from Wednesday 

18.09.2024 to Friday 20.09.2024 in Tashkent already for the 16th 

time. 

We participate in The UzMedExpo to represent and convey the 

message of Turkish health sector through our publications.Türkiye 

is among the top 10 in health sector in the world with its health 

infrastructure and quality of tourism potential as a medical tourism 

destination. Medical tourism is highly developed.Türkiye. 

Thanks to the Health Transformation Program having the high 

quality of provision of health services for the citizens in recent 

years, Türkiye has the rapidly growing potential of health tourism 

and it is the most preferred one among the countries of top 

quality. 

Türkiye, centrally located in Europe and Middle East, provides 

services with 57 countries, serving 1 million people. In addition, 

Türkiye has visa free access from more than 70 countries, which 

has Turkish Airlines having flights. 

These features make Türkiye one of the ideal health tourism 

attractions in the region. Due to high level of qualified human 

resources, especially in medical staff, as well as geographical location, 

seasonal advantages, quality of health service provision, 

world- class technological and medical equipment, up to 60% favorable 

price advantages compared to Europe. 

Turkish exports to China witness 

nearly 50% surge in July 


Moreover, under the recent agreement 

signed between BYD and 

the Industry and Technology Ministry, 

the Chinese company is expected 

to establish a production facility 

with an annual capacity of 150,000 

vehicles and a mobility R&D center 

in Türkiye with an investment of approximately 

$1 billion (TL 33.5 billion). 

BYD, which leads in electric vehicle 

sales with an annual production of 

about 3 million cars, is expected to 

enhance its local production capabilities 

and logistics efficiency by investing 

in a new production facility. Türkiye 

offers unique advantages, such 

as its growing technology ecosystem, 

strong supplier base, extraordinary 

location and skilled workforce. 

With the increasing demand for new 

energy vehicles in the region, it also 

aims to reach consumers in Europe. 

On the other hand, the data sourced 

from the Turkish Exporters Assembly 

(TIM) showed that Türkiye’s 

exports to China in July rose by 51% 

compared to the same period last 

year, reaching $312.9 million. 

Thus, China became the 16th 

country to which Türkiye exported 

the most last month. Outbound 

shipments to the country increased 

by 37.5% compared to June. 

Similarly, exports in the first seven 

months also appeared to show a positive 

trend. In January-July, shipments 

to China rose by 11.6% compared to 

last year, reaching $1.8 billion. 

Leading the way with the highest volume 

of exports to China last month 

were products in the mining sector, 

amounting to $187.6 million, according 

to the data. 

This sector was followed by chemicals 

and chemical products which 

shipped goods worth $63.9 million, 

iron and non-ferrous metals with 

$9.6 million, textiles and raw materials 

with $8.2 million and the electrical 

and electronics sector with $6.5 

million. 

Mining products also stood out in 

exports to China in the January-July 

period. The sector exported goods 

worth $992.2 million to this country 

during this period. 

From January through July, other 

sectors, such as chemicals, contributed 

$312.2 million, and the iron and 

non-ferrous metals sector accounted 

for $93.3 million in exports. Additionally, 

the exports from the textile and 

raw materials sector stood at $73.6 

million in the seven months, and hazelnuts 

and their products generated 

$51.5 million over the same period. 

In July, companies from Ankara 

made the highest exports to China, 

amounting to $111.8 million, the 

data revealed.the years to come.





Pakmedica 2025: 

Opening New Horizons in the Healthcare Industry 

Set to take place in Lahore, Pakistan, from 

February 20-22, 2025, Pakmedica Expo is 

poised to shape the future of the healthcare 

and medical sectors. Now in its third 

edition, this prestigious event promises to 

connect industry representatives from Turkey 

with unparalleled opportunities on the 

global stage. If you’re looking to make strides 

in healthcare technologies and medical 

devices, Pakmedica 2025 is the place to be. 

A Global Meeting Point for the Healthcare 

Sector: Pakmedica 2025 

Pakmedica is more than just an expo; it’s a 

vital platform for fostering global collaborations 

across a wide array of fields, including 

healthcare and medical technologies, 

medical devices, health tourism, IT, and 

aesthetic materials. This year, with strong 

backing from the Punjab Health Department, 

the Ministry of Health of the Republic 

of Turkey, and the Pakistan Pharmaceutical 

Manufacturers’ Association, the event 

is expected to attract over 300 international 

exhibitors. With approximately 5,000 visitors 

anticipated, this is a must-attend event 

for anyone looking to make a significant 

impact in the healthcare industry. 

Cross-Border Collaborations 

Pakmedica 2025 goes beyond product and 

service showcases, offering participants the 

chance to explore new collaboration opportunities 

through health cooperation forums 

and B2B meetings organized in partnership 

with the Punjab Board of Investment and 

Trade (PBIT). The 3rd Pakistan-Turkey 

Health Cooperation Forum, in particular, 

aims to strengthen the collaborative efforts 

between Turkey and Pakistan in achieving 

mutual goals in the healthcare sector. 

Ekspoturk’s Journey in the Healthcare Sector 

With over 16 years of experience in the 

healthcare and exhibition sectors, Ekspoturk 

has been guiding industry representatives 

on how to enhance their impact in 

international markets. Showcasing Turkey’s 

success in healthcare and medical technology 

on the global stage through events like 

Pakmedica is crucial for boosting our companies’ 

competitive edge in global markets. 

Investing in the Future: The Opportunities 

Awaiting You at Pakmedica 2025 

For Turkish companies operating in the 

healthcare sector, Pakmedica serves as a gateway 

not just to the Pakistani market but 

to the entire South Asian region. This expo 

offers an ideal platform to showcase innovative 

products and services, generate new 

market opportunities, and strengthen existing 

partnerships. Throughout the event, 

B2B meetings and forums will allow Turkish 

companies to establish strong partnerships 

in the local market and keep abreast of 

the latest industry innovations. 

Pakmedica 2025 presents an unmissable 

opportunity for Turkish companies in the 

healthcare and medical technology sectors 

to gain greater visibility on the global stage, 

keep up with industry innovations, and 

strengthen international collaborations. At 

Ekspoturk, we look forward to seeing you at 

this significant event where you can proudly 

represent Turkey’s leadership in healthcare 

and medical technologies on the international 

stage. 

Secure your place at Pakmedica this year 

and seize the new opportunities in the sector! 

Pakmedica 2025 is set to be a pivotal 

moment for the future of the healthcare 

industry. Don’t miss out—be part of this 

journey.

Made In Türkiye September 2024

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