ISTANBUL

Turkey reduced its foreign trade gap by 45% and reached $29 billion from $54 billion, said the country’s trade minister on Saturday.

Ruhsar Pekcan’s remarks came at the Commercial Diplomacy Award Ceremony of Turkey’s Foreign Economic Relations Board (DEIK).

“The ratio of exports to imports rose to 85.8% this year,” she said.

“It is the highest rate seen in the last 62 years since 1957,” she added.

She underlined the difficulties Turkey has faced throughout the year and said while the export rate of the 50 most exporting countries decreased by 2.7% as of October 2019, Turkey’s export rate

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