26.01.2021 Ankara
In a joint statement issued by TOBB, TESK, TÜSİAD and MÜSİAD, it was emphasized that Turkey's priority is price stability.
The joint statement reads as follows:
“TOBB, TESK, TÜSİAD and MÜSİAD, representing
Turkey's traders, industrialists and tradesmen, believe that Turkey's first
priority for economic growth and employment is price stability in the process
of normalization after the COVID-19 pandemic, which has seen serious
disruptions in global supply chains.
Every revival that begins in the economy
without ensuring price stability is unfortunately short-lived and narrows the
investment horizons of our businesspeople. Therefore, we see price stability as
a prerequisite to ensure the prosperity increase that our country deserves. By
ensuring price stability, the investment environment in Turkey will improve,
predictability will increase, so that it will be possible to attract new
technology investments with high added value to our country.
From this point of view, we closely follow the
new economic reform agenda initiated under the leadership of Our President
Recep Tayyip Erdoğan and support the fight against inflation as a priority
goal. We believe that a public-private consultation process will be very useful
in the efforts carried out in coordination with the Ministry of Treasury and
Finance and the Central Bank to combat inflation.
This consultation process will contribute to
close monitoring of global and local price dynamics on a sectoral basis and to
identify structural risks, cost dynamics and supply-demand imbalances seen in
product groups, thus supporting the data-driven policy design process, taking
into account the formation of all prices in free market conditions. We believe
that this consultation mechanism will be extremely useful to raise awareness of
the importance of fighting inflation in the business world and the positive
contribution of price stability to the medium-long-term growth and employment perspective.
We know that all stakeholders need to support
the efforts of the Central Bank and related public institutions in our success
in the fight against inflation, and we share with the public that we are ready
to make all contributions in the post-COVID-19 global recovery period so that
Turkey can quickly achieve the price stability goal it deserves.
Best regards
TOBB President M. Rifat Hisarcıklıoğlu, TESK
President Bendevi Palandöken, TÜSİAD President Simone Kaslowski, MÜSİAD
President Abdurrahman Kaan”