MMM-E
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I mean that their labor costs are too high to sustain their industries. Minimum wage in Turkey could cause this. Happened in the UK, and is happening in America also. It is becoming more economical for business, and industries to buy Chinese trains for example because they are fairly high quality, and usually cheaper then say Japanese made trains.
The labor cost in Turkiye is lower than the Western Countries and the Western Countries buys cheap but high quality Turkish made products
and Turkiye develops over 2600 projects to reduce annual imports by $130 billion
10 years x $130 billion = $1,3 trillion ... what a great money
even Turkiye export new generation electric Buses/Trams/Tramway/Metro Trains to many Countries including the EU Countries such as Italy,Germany,Poland,Romania,Hungary
and Turkish Electric Train to serve by 2020
also soon Turkish indigenous electric Cars $50 billion contribution to gross domestic product
-- also Turkish automotive companies like TEMSA, OTOKAR and BMC are one of the world's largest van, bus and truck manufacturers
-- also Turkish shipbuilding industry is very strong and Turkiye export even Cargo Ships and 300m the biggest Powerships in the world
-- also It is a little known fact that Turkiye ranks 4th among the world’s luxury yacht producers with 10% of the large yacht production
-- also Turkish brands like BEKO and VESTEL are among the largest producers of consumer electronics and home appliances in Europe .... Turkish brands BEKO, ARCELIK, VESTEL export TV , consumer electronics and home appliances around the Globe for billions of Dollars
-- also Turkey's machinery exports were over $17 billion annually to the US , Germany , The UK , France , Italy ,Ukraine and many more Countries
and now Turkiye develops around 700 military projects for the Turkish Armed Forces and export market
S.Arabia,The Uae,Qatar even Iran are very lucky with their huge oil/gas reserves
Turkiye doesnt have oil/gas reserves ..... maybe in the Eastern Mediterranean
but there are trillions Dollars of Thorium and Boron reserves in Turkiye
also Turkiye is industrialized country and economic powerhouse in the region
FUTURE IS OURS
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