‘Turkey needs to boost production’

– Production needed to reduce inflation, says head of Independent Industrialists’ and Businessmen’s Association

KONYA, Turkey (AA) – Boosting production in Turkey should help to bring down inflation, which in turn will reduce any risk from currency fluctuations, according to the head of one of the country’s top business associations.
“It is necessary to increase efforts first of all to bring inflation under control,” Abdurrahman Kaan, head of the Independent Industrialists’ and Businessmen’s Association (MUSIAD), told Anadolu Agency late Wednesday.
Kaan made the remarks on the sidelines of the Turkey-Africa Economic Forum in the central Turkish province of Konya, where more than 150 businesspeople and 33 ambassadors from African countries were attending to discuss Turkey’s investment opportunities in Africa.
“Why does currency increase? Of course, it may be affected by the political context, but I want to stress that the fundamental reason is inflation.
“I think that Turkey needs to increase its production and while raising production, it will lower inflation, and then should gradually reduce the risk of rate,” Kaan said.
On Tuesday, the U.S. dollar/Turkish lira rate saw its historic high — climbing to 4.3017 — versus last year’s average USD/TRY rate of 3.65 and 3.02 in 2016.
Kaan added the body expects that Turkey’s economy will grow around 6 percent in 2018.
He also said following the early elections scheduled for June 24, Turkey will increase its economic performance.
Consumer prices in Turkey rose 10.85 percent in April year-on-year, according to latest data from the Turkish Statistical Institute (TurkStat).
The Central Bank announced on April 30 that it raised Turkey’s year-end inflation forecast from 7.9 percent to 8.4 percent under a tight monetary policy stance.
According to Turkey’s medium-term program introduced last September, inflation is targeted to converge to 5 percent through the end of 2020 by maintaining anti-inflationary monetary policy and fiscal discipline, “with the purpose of achieving high growth rates in the future, and increasing the quality of growth”.

Author: Diyar Güldoğan
Edited by: Marc Chenault
Published by: Gökçe Cansunar

Turkey marks Africa Day

– Turkey will continue to display solidarity with African at regional and international platforms, says Foreign Ministry

ANKARA (AA) – Turkey marked Africa Day on Friday as it vowed continued support for the continent’s development.
“We join in celebrating Africa Day of the African Union and the African countries,” the Turkish Foreign Ministry said in a statement.
It said the relations between Turkey and African countries “derive their strength from historical bonds” and they were connected to each other in “a common vision for the future”.
“We fully support the development efforts of the African Continent, whose influence is progressively increasing at the global level,” it added.
The statement also said that Turkey would maintain its efforts to further boost its cooperation with the African countries, which had already gained a “considerable momentum” over the last decade.
Stating that Turkey would continue to show solidarity with Africa both at regional and international platforms, it said Turkey also aimed at further cooperation in strategic partnership with the African Union.
The anniversary of the foundation of the African Union (AU), formerly Organization of African Unity (OAU) on May 25, 1963, is celebrated every year all around the world as Africa Day.

Unity builds peaceful continent: African Union official

– African countries should make sure borders do not hinder free movement across continent, says Thomas Quartey

By Munira Abdelmenan Awel
ANKARA (AA) – Unity among African countries will help build a peaceful, prosperous and integrated continent, a top African Union official said in Turkey’s capital Ankara on Friday.
In a speech titled “Africa rising” marking Africa Day, co-organized by the African diplomatic corps with Ankara University, Thomas Kwesi Quartey, deputy chair of the African Union Commission, stressed that African countries should work to make sure borders do not hinder free movement across the continent.
Lines drawn by European powers during the colonial era are the borders which remain with Africa even today, he explained.
Africa Day celebrates the successes of the Organization of African Unity — the African Union’s predecessor, founded on May 25, 1963 — in the fight against colonialism and apartheid.
Earlier Quartey, a Ghanaian diplomat with decades of experience, told Anadolu Agency that he appreciates Turkey’s determination to cooperate with Africa, saying: “Turkey has always demonstrated its love and affection towards Africa.”
He added: “Turkey offers the possibility of cooperation and education.”
“For us, Turkey represents what is possible in education, science, and technology,” he said, explaining how Turkey is a model country for Africa’s vision of its development.

– Turkey, Africa’s ‘strategic ally’

The diplomat underlined the importance of education in the growth of the continent, saying: “We want every African child in school.”
“You can find Turkey’s example of focusing on girls’ education,” he added.
According to Quartey, Turkey is a major strategic ally for the African Union. It cooperates with African countries in such areas as establishing Ethiopia’s textile industry to building airports in Ghana to stabilizing Somalia in the Horn of Africa.
“For most people in Africa, Turkey is a friendly place, Turkey is near to us in spirit,” he said.

Quartey also thanked the people of Turkey and President Recep Tayyip Erdogan, saying: “I am very happy to be here and to have a friend with such understanding and appreciation like Turkey.”
At the event, Ankara University Professor Ilhan Karasubasi also stressed the importance of unity as cooperation between people goes beyond borders.
Concluding the event, Abdulkadir Gurey, Ankara University’s deputy rector, presented Quartey with commemorative gifts.

Author: Muniıra Abdelmenan Awel
Edited by: Marc Chenault
Published by: Emre Solak