ISTANBUL

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

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