Foreign capital flow to Turkey ‘continuing’

ANKARA - Anatolia News Agency

The foreign capital flow to Turkey has not stopped, as the country posted $152 billion in export value last year, Deputy Prime Minister Bülent Arınç has said yesterday.

Arınç emphasized that Turkey experienced a minus 9 percent growth rate due to recession after the 2001 economic crisis, stressing that last year’s growth rate, 2.2 percent, was not a development to worry about when compared to 2001.

“We have exports worth $152 billion. There is no block to capital flows,” he said during a meeting with the board of the Turkey’s International Investors Association (YASED), adding that Turkey was trying to reach an export value of around $500 billion by the year 2023.

However, Arınç stressed that compared to the neighboring European Union, Turkey’s growth rate of 2.2 percent is quite good.