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Current Position:Home » News » General News » Topic

Turkish trade unaffected despite attempted coup

Zoom in font  Zoom out font Published: 2016-07-20
Core Tip: The Turkish trade has been unaffected and many believe that last week’s attempted coup against President Recep Tayyip Erdogan will have no major effect on the country’s economy.
 The Turkish trade has been unaffected and many believe that last week’s attempted coup against President Recep Tayyip Erdogan will have no major effect on the country’s economy.
 
Despite opinions that Turkey faces the prospect of waning economic growth, a struggle to attract international investors and financial market volatility for months to come following the failed coup, traders are optimistic that business will continue as usual.
 
According to Deniz Deletioglu from Narpak, a grower and exporter of fresh fruits from Turkey, the failed coup has had no effect on trading so far as the dollar only went up for a few days, but has now stabilized. “That was just a trial, obviously there was a slight shake up, but in the next few hours we were confident that the coup attempt would fail. We are confident that it won’t happen again, everything is in control. Our clients are also not scared and we feel safe,” explains Deniz.
 
Narpak which is in its second year of harvesting grapes, looks forward to better days ahead as quality and volume of its produce is getting better. “We are in full throttle with harvesting the Arra grape variety now; with almost 35% of the harvesting completed. We will begin harvesting the Arra-15 variety next week, which is one of the best Arra varieties,” adds Deniz.
 
“Things are expected to be much better for us this year compared to last year. We currently have a total of 400 trucks which we export to Dubai, Saudi Arabia and Russia, and our exports will go up next year with our increased production,” explains Deniz. 
 
The Turkish grapes season is set to end in two weeks time. Narpak grows and exports grapes, nectarines, peaches, pomegranates and kaki among other products.
 
keywords: trade
 
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