On June 5th, the Presidency of the Republic of Turkey Investment Office and the International Investors Association (YASED) held a joint webinar entitled ‘Covid-19 Aftermath: Transformation in Global Supply Chains’.
Investment Office President Ahmet Burak Dağlıoğlu addressed the attendees at the webinar and emphasized the need to make transformations in various sectors in order to keep up with the global economic challenges that have occurred because of the COVID-19 outbreak. Highlighting manufacturing as an example and referencing a recent report released by the World Bank, he said, “Turkey has a diverse and strong manufacturing base that has indeed moved up the value chain over the past decades, transitioning from limited manufacturing to advanced manufacturing.”
Dağlıoğlu added that high value-added manufacturing in Turkey is backed specifically by the government through updated incentives and reformed policies. These improvements have resulted in Turkey’s manufacturing sector attracting nearly USD 40 billion in investments over the past 15 years.