Turkish PM announces new plan to boost economy

GMT 23:59 2014 Thursday ,06 November

Arab Today, arab today Turkish PM announces new plan to boost economy

Turkish Prime Minister Ahmet Davutoglu
Ankara - XINHUA

 Turkish Prime Minister Ahmet Davutoglu on Thursday announced a new economic reform plan aimed at boosting production capacities in the real sector and curbing dependence on imports.
"The aim of the new structural reform is to primarily maintain political stability and predictability in Turkey before the 2015 elections," Davutoglu told a press conference in Ankara.
Davutoglu said a government committee would monitor how well the plan is implemented, saying the latest structural reform, which involves technological commercialization, energy production through local means, energy conservation and health tourism, will usher in a new period in Turkey's economic development.
The reform plan includes nine packages, one of which aims to boost production in the real sector and to cut Turkey's dependence on imports. Turkey posted a trade deficit of 99.8 billion U.S. dollars in 2013.
Davutoglu said the government plans to raise the country's GDP from 820 billion dollars in 2013 to 1.3 trillion dollars by 2018.

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