The economic administration, which is currently drafting a road map focused on a ‘definitive solution’ to the current account deficit, took a significant step with a memorandum released Tuesday.
According to the memorandum released in the Official Gazette with Prime Minister Recep Tayyip Erdoğan's signature, by acting in accordance to principles of austerity and competition, the nation's needs will be provided through domestic production.
Regulations obstructing the proposal of Turkish products in tenders will no longer be conducted.
Foreign products or products from a specific country will no longer be proposed in disaccord with tender regulations.
SENSITIVITY REQUESTED The memorandum requests that administrators pay sensitivity towards electing products produced in Turkey and expresses that satisfying needs through the use of domestic products would be significant in terms of the nation's economy. The memorandum fits significantly in line with Erdoğan's campaign speeches in which he frequently emphasized, "If Helga can ride a speed train then why can't Aşyem Fatmam."
The objective with this memorandum is for Turkey's producers to join the league of giants and for quality of life to improve.
STRUCTURE RESTRUCTURED The memorandum also provides new forms of safeguarding rules of competition. An emphasis is placed on the benefit to the economy of using domestic products in accordance to the principles of competition. The memorandum also includes a restructuring of the obstacles posed towards bidding for products produced in Turkey and notes that meeting needs through the utilization of Turkish products holds much significance for the economy.