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  • 23-02-21

    Trade rate at Turkey’s 18 free trade zones increases 12 percent in last year

    (MENAFN)The country's Trade Ministry stated that in spite of the Coronavirus pandemic, the trade rate at Turkey’s 18 free trade zones in 2020 increased 12 percent on a yearly basis.

    Anadolu Agency reported that the trade rate in the zones hit USD22 billion in 2020, against USD19.6 billion the preceding year.

    Half of the 18 free trade zones witnessed improvement in trade, while the others experienced drops.

    The Specialized Free Zone in Istanbul, the country’s commercial capital, witnessed its main improvement, with a fivefold mount, followed by the country's northeastern Rize and southwestern Denizli provinces with improvement of 100 percent and 53.48 percent respectively.

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