“Current Deficit in the Chemical Industry 20-25 Billion Dollars”

“Current Deficit in the Chemical Industry 20-25 Billion Dollars”. Akkök Holding Chief Executive Officer Dört said, “Our current account deficit in the chemical industry is around 20-25 billion dollars. Therefore, it is necessary to both close our current account deficit and produce more valuable products based on high technology and innovation.”

Akkök Holding Chief executive Chairman Ahmet Cemal FourthStating that the current account deficit in Turkey's chemical industry is around 20-25 billion dollars, he said, "We need to both close our current account deficit and produce more valuable products based on high technology and innovation." said.

In his statement to the AA correspondent, fourth said that the chemical industry appeals to a very wide spectrum and that the chemical industry has some influence in everything from soap used in homes to paper, from drinking water to construction materials.

Indicating that the chemical industry is very important and its growth areas are very wide, Dört said that they produce acrylic fiber, a kind of petroleum derivative, produced from artificial fibers, and that a very large chemical plant and investment are behind it.

“After energy, the chemical industry is one of Turkey's import items”

Fourth, emphasizing that one of the import items that Turkey spends the most money on, after energy, is the chemical industry, adding, “The chemical industry has the feature of being a locomotive. It is dragging many sectors such as automotive and real estate behind it. In order for Turkey to develop and reach its 2023 targets, we must focus on high-tech products that create much more added value for our growth. The chemical industry is one of them.” said.

Emphasizing that the investments to be made in this field will provide more added value to Turkey, Dört said, “Our current account deficit in the chemical industry is around 20-25 billion dollars. Therefore, it is necessary to both close our current account deficit and produce more valuable products based on high technology and innovation, and we need to produce them in Turkey. Investments should be made in the chemical industry.” he said.

Fourth, noting that exports should be 1,20 or 1,30 dollars per kilo instead of 3 or 5 dollars, “Our export figures for products such as carbon fiber based on high technology that we produce in Akkök are between 15 and 20 dollars per kilo, no matter where you look. Very high value products. We should be leaning towards such sectors.” used the phrase.

The importance of investments in the energy and chemical sector

Emphasizing that investments in the energy and chemical sectors are of great importance in reducing Turkey's current account deficit, Dört said:

“We will try to obtain energy from our domestic resources, but Turkey hydrocarbon energy a poor country. We have to import them from abroad. Therefore, we will look at how we can use it more efficiently and it is a point where we need to save more. The second current account deficit is in the chemical industry. There is a 25 billion dollar difference between what we buy and what we sell in the chemical industry. Our local engineers in Turkey also have an unpredictable level of intellectual property accumulation. Investments to be made in the chemical sector are very important in order to reduce the current account deficit to a certain extent.”

Source : AA

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