Industrialists call on world to trust Turkish economy
by Anadolu Agency
ANKARAJul 26, 2016 - 12:00 am GMT+3
by Anadolu Agency
Jul 26, 2016 12:00 am
Turkish industrialists have launched a major international newspaper campaign to support the country's economy. The Turkish Industrialists' and Businessmen's Association (TÜSİAD) published advertisements in newspapers in Germany, France, the U.K. and U.S. on Monday aimed at boosting the perception of Turkey following the July 15 coup attempt.
Turkey's government has repeatedly said the bloody coup plot was organized by followers of U.S.-based preacher Fethullah Gülen. Titled "Defending the democratic constitutional order in Turkey," the ad says the coup plotters failed thanks to the mobilization of all segments of society, including people, political leaders and institutions. TÜSİAD called on the world to trust the Turkish economy following the failed coup bid. The advertisement says interventions against democracy can only be prevented by further raising "democratic standards and strengthening the rule of law." TÜSİAD recalled the country's European Union membership's negotiations, saying, "By starting negotiations with the EU in 2005, Turkey showed it was well and truly on this path." The democratic standards of the EU and the accession process have been among the most effective sources of Turkey's strong democracy and global competitiveness."
In the ad, TÜSİAD emphasized that Turkey is the world's 18th largest economy, and is fully integrated into global markets. "Beyond Europe, Turkey is an indispensable member of the transatlantic community, economically, politically and institutionally," the businessmen said. TÜSİAD praised with Turkish economy, saying, "Despite the global economic crisis and increased geopolitical risk, the Turkish economy has displayed resilience." "Turkey hosted 3 million refugees and with its young and dynamic population, has sustained relatively high and stable growth," the organization said. "Fiscal discipline and the strength of the banking sector have been, and will continue to be, the fundamental elements of Turkey's economic stability," the top businessmen added. The business leaders said Turkey has clearly proven the depth of its nationwide commitment to democracy. TÜSİAD members represent 85 percent of Turkey's total foreign trade (excluding energy), around 50 percent of private sector employment and 80 percent of total corporate taxes.