Turkey's export industry aims to reach $150 billion in 2012

The business world and economy circles are now more hopeful about the year 2012 thanks to a record broken by Turkey's export industry to reach $134.6 billion in 2011. Independent Industrialists' and Businessmen's Association (MUSIAD) Chairman Omer Cihad Vardan said that the export record broken by Turkey was a great success at a time when worldwide economy is shaken and EU member countries are unable to find a solution to the problem. Vardan added that Turkey's exports were expected to reach $150 billion by the year-end. Stating that the world is going through tough times, Central Anatolia Machinery and Accessorizes Exporters' Union (OAIB) Chairman Adnan Dalkiran said that more than 40 percent of Turkey's exports were made to Europe and Turkey could increase the amount of its export to $150 billion, unless Europe faces grave problems in 2012. Furthermore, Automotive Industry Exporters' Union (OIB) Chairman Orhan Sabuncu stressed that Turkish automotive sector's exports amounted to $20.4 billion in 2011 and that these figures would be maintained in 2012 as well. Speaking in his part, OIB Vice Chairman of the Board Omer Burhanoglu said that the share of sub-industry in export was increased to 41 percent and thus it has proven itself.