The 21st of the 'Common Mind Meetings', organized with the participation of chambers and commodity exchanges, was hosted by Bursa Chamber of Commerce and Industry (BTSO). Speaking at the meeting, BTSO Assembly President Ali Uğur stated that the changing supply chain and emerging new conditions brought Turkey to the fore, and said, “The creation of new investment areas in the Marmara Basin will enable our region to be more integrated with the global value chain. With its increasing export performance and current account surplus, Turkey will also get rid of its structural problems to a large extent.” said.
At the meeting held at the 1889 Bursa&Double F Restaurant, the practice restaurant of BTSO Kitchen Academy, 20 chambers and stock exchanges operating in Bursa and Balıkesir came together. Speaking at the meeting held with the participation of chambers and commodity exchange presidents, council presidents and members of the board of directors, BTSO Assembly President Ali Uğur said that in a time of multiple crises, chambers and commodity exchanges deserved much appreciation by playing an important role both in solving sectoral problems and in bringing new investments to Turkey. .
“HIGH INFLATION LIMITS OUR ACTIVITY”
Pointing out that high inflation figures are experienced all over the world due to the obstacles to accessing raw materials and procuring intermediate goods in global trade, Ali Uğur stated that the price increases, especially energy and food prices, also limited the mobility of the sectors. Referring to the basic priorities of the organizations that lead the business world in the face of emerging problems, Ali Uğur said that they aim to protect the gains achieved, to remove the obstacles in front of production and trade, and to improve the ability of companies to adapt to the new economy.
“NEW CONDITIONS BRING OPPORTUNITIES TOGETHER”
Expressing that the business world faces a critical threshold full of new conditions and opportunities created by the crisis, BTSO Assembly President Ali Uğur said, “The changing supply structure in world trade and especially the increases in logistics costs have given a much greater meaning to our geography. Many companies, especially European companies, which are among our biggest trading partners, are turning to closer and stable centers like Turkey due to production delays, increasing freight costs and the container crisis. Our country's strategic location, strong logistics infrastructure, cost-advantaged qualified workforce, and the resulting investment climate offer a suitable environment for international companies. The most important production area that will meet this demand is the Marmara Basin, which is the wealth area of the Turkish economy with what it has achieved so far. The creation of new investment areas in the Marmara Basin will further integrate our region with the global value chain. With its increasing export performance and current account surplus, Turkey will also get rid of its structural problems to a large extent.” said.
“PANIC PURCHASES AND THE TENDENCY TO KEEP STOCK ALSO TRIED PRICES”
Bursa Commodity Exchange (Bursa TB) Chairman of the Board and the Union of Chambers and Commodity Exchanges of Turkey (TOBB) Board Member Özer Matlı pointed out that the global economy is struggling with the economic and social consequences of climate change, pandemic and Russia-Ukraine tension. Noting that the developments experienced increased the prices of agricultural products by 30 percent in the world, Özer Matlı said, “In addition to the supply-demand changes caused by the pandemic, weather events such as extreme precipitation, drought and frost have affected the products in many geographies. The increase in the cost of energy, the growth in the demand for biofuels, the record levels in fertilizer prices and the labor shortage caused the prices to reach the highest levels of recent years. Panic purchases and stock-holding tendencies, driven by rising prices, also triggered prices. This has also increased the pressure on already stressed supply chains, with the rise in shipping prices. I would also like to express that, under the leadership of the Union of Chambers and Commodity Exchanges of Turkey, we follow the regulations that need to be made to solve our problems in this difficult process, which we have all agreed to be very different from the crises we have experienced so far.” he said.
BURSA COMMERCIAL EXCHANGE STUDIES
In his speech, Özer Matlı also touched upon the work they have done under the umbrella of Bursa Commodity Exchange. Stating that they have reached a transaction volume of more than 2021 million liras in the Turkish Product Specialization Exchange (TÜRİB) in 315, Matlı said that they have increased the number of branches to 6 in licensed warehousing. Matlı added that as a result of their devoted efforts, at the end of this year, they achieved a 38 percent increase in the trading volume of the Commodity Exchange compared to last year, and realized a transaction volume of more than 8 billion liras.
THANKS FROM BALIKESIR CHAMBER OF INDUSTRY
Balıkesir Chamber of Industry (BSO) Assembly President Ergün Birgül thanked all the presidents who organized and invited the organization on behalf of Balıkesir and BSO. Stating that they have 995 members as Balıkesir Chamber of Industry, Birgül emphasized that there are 140 companies in Balıkesir Organized Industrial Zone and that they are trying to serve Balıkesir industry with all their strength. Ergün Birgül also said that he has serious studies in the field of gastronomy.
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