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Mehmet Şimşek outlines Turkey's economic priorities for stability and growth. 🇹🇷🏦
Mehmet Şimşek, Turkey's Treasury and Finance Minister, recently outlined a comprehensive strategy aimed at addressing pressing economic challenges while fostering stronger partnerships, particularly with the European Union (EU).
In his address, Şimşek stressed the urgency of stabilizing prices and reducing inflation to single digits, setting ambitious goals to achieve these targets by 2026. He emphasized the crucial role of structural reforms and traditional monetary policies in achieving these objectives.
One of the key pillars of Şimşek's vision is the revitalization of Turkey's relations with the EU. He highlighted the importance of updating the Customs Union, advancing visa liberalization, and collaborating on critical issues such as energy security, migration management, and business partnerships in third countries.
Şimşek underscored the mutual benefits of stronger Turkey-EU ties, urging the EU to strategically consider Turkey's economic significance and its potential contributions to the EU's transformation. He also emphasized the need for the EU to uphold its principles of rule-based systems and deepen the Single Market, opening the door for new members like Turkey.
Furthermore, Şimşek highlighted the constructive nature of recent discussions with top EU officials in Brussels, indicating a positive trajectory for Turkey-EU relations.
In conclusion, Şimşek reiterated the importance of evidence-based economic policies and expressed confidence in Turkey's economic program's effectiveness in reducing inflation. His roadmap offers a promising path towards stability, growth, and enhanced cooperation both domestically and internationally.
