Ömer Koç Evaluates the West and the Economy at the TÜRKONFED Summit
Koç Holding Chairman Ömer Koç reacted to the West's Gaza policy at the TÜRKONFED Summit while emphasizing the Turkish economy and the values of the secular Republic.
Speaking at the 27th TÜRKONFED Business Summit held in Elazığ, Koç Holding Chairman Ömer Koç criticized the West's stance towards Israel, stating that Europe has lost its moral credibility, and evaluated global and national economic developments.
Theme and Location of the Summit
The 27th TÜRKONFED Business Summit, organized by the Turkish Enterprise and Business Confederation with the theme Economic Resilience in the Age of Permanent Uncertainty, commenced in the province of Elazığ.
Participating as the guest of honor at the summit, Koç Holding Chairman Ömer Koç made comprehensive statements regarding the current geopolitical and economic outlook.
Global Order and Criticism of the West
He stated that the global order established after World War II has been severely undermined by the US and that states have been acting without regard for rules.
Emphasizing that the unconditional support of the US, the UK, and the European Union for Israel has enabled genocide, he underlined that Europe no longer has any moral credibility.
Foreign Trade and Diversification
He conveyed that Turkey holds a central position in the equation of global trade corridors and logistics networks and has strong economic ties with the EU.
Noting that 40 percent of goods trade and more than 30 percent of services trade are conducted with the European Union, he pointed out that economic relations need to be diversified.
Rule of Law and Democracy
Expressing that they are following the process towards a Turkey free of terrorism with hope, the businessman stated that the prerequisite for permanent stability is a democracy that functions fully with its institutions and rules.
He underlined that the rule of law and democratic standards are of vital importance for the country's future.
Economic Pressures and Technology
Stating that high inflation and financing costs create pressure on the real sector, Koç pointed out the importance of permanently establishing price stability.
He drew attention to the fact that while high-tech manufacturing industry exports stand at 16 percent in OECD countries, they remain at 3 to 4 percent in Turkey.
Importance of Republican Values
He stated that the values of the secular Republic must continue to guide Turkey's development and modernization process.
Following the evaluations, the strategic steps that the business world needs to take in the upcoming period were discussed.