Turkish Trade Minister Ruhsar Pekcan on Wednesday unveiled a logo for locally-made products.
"Thus, our citizens, through labels, will be able to distinguish the goods produced by our people who produce, invest and employ in this country," Pekcan said during a press conference in the capital Ankara.
Pekcan added that foreign companies that are producing goods in Turkey will also be able to use the logo on their products.
"Goods of foreign companies which believe in the Turkish economy, generate jobs, invest in and produce in Turkey will be considered as locally made," she said.
"We support their presence in Turkey," the minister added.
She said the ministry will take necessary steps to ward off companies and institutions that intend to harm manufacturers and consumers through speculations.
According to a newly introduced regulation by the Trade Ministry on Tuesday, all goods produced in Turkey are required to carry a special label showing that it is made in Turkey.
The move was aimed at supporting economic stability through promoting the sale of Turkish products, the ministry said in a statement. The date of sales and unit prices are required on the price tags in addition to the dates of any price change.
The ministry's goal is to regulate the procedures and principles related to the sales along with the shape, content and use of the labels, tariffs and price lists of the goods and services offered for sale as retail.
The latest regulation comes within the scope of measures to protect the economic interests of consumers and provide them with the right and complete information.
During the meeting, Pekcan said she held important talks in London last week. Noting that the U.K. comes second in Turkey's exports, Pekcan said both parties agreed on the immediate execution of a comprehensive free trade agreement in order to prevent the exporters from being affected by this change.
"We have completed our works so that our exporters can have a larger share in the U.K. market," she continued. "I believe that more Turkish companies will take part in this market. In our meetings, we paved the way not only for the trade between the two countries but also for the opportunities for cooperation with third countries and investment opportunities in technology-oriented projects."
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