Turkey’s exports rose 34.3% year-on-year to reach $9.1 billion in first 23 days of June, the head of the Turkish Exporters’ Assembly (TIM) said on Wednesday.
As part of the cooperation between the TIM and a Turkish private-lender Is Bankasi, exporters will be provided credit package up to $500 million, Ismail Gulle said in a meeting.
In May, Turkey’s exports dropped 40.9% to $10 billion on a yearly basis, due to the COVID-19’s effects on the economy.
In April, credits, used for exports, reached 196 billion Turkish liras ($28.6 billion), Gulle noted.
* Writing and contributions by Gokhan Ergocun
Copyright 2020 Anadolu Agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.