Turkey's exports just shy of $70 billion

Turkey’s exports just shy of $70 billion

Data released by the Turkish Exporters Assembly (TIM) show that Turkey's exports rose 4.3 percent year on year to $6.37 billion in November. In the January-November 2005 period, exports reached $66.18 billion, up 15.5 percent from a year earlier. TIM president Oguz Satici indicated that the recent developments in Euro/Dollar parity are harmful for the exporters. He added that export companies will have to make more strategic decisions in the coming months due to the intention of the US Federal Reserve to halt interest rate hikes and the European Central Bank's plan to increase interest rates.