Treasury and Finance Minister Mehmet Simsek has highlighted Türkiye’s investments in global trade routes like the Development Road and Middle Corridor to combat rising international protectionism and economic fragmentation.
Türkiye invested in connectivity and regional economic integration to strengthen corridors for the country’s benefit against global fragmentation, the minister said on Wednesday during his speech at the Rising Türkiye Summits, organised by a Turkish broadcaster Kanal 7.
The world faced unprecedented uncertainty, polarisation, conflict, and tension, he recalled, adding that the US-Israel and Iran wars brought temporary macroeconomic effects, while markets expected rising global inflation, tightening financial conditions, and a loss of momentum in growth, he said.
The Development Road constituted one of these connectivity efforts, including an approximately 1,200-1,250 kilometre railway line, a highway, and an energy corridor from Basra to Türkiye, he explained.
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