Türkiye will launch a series of reform measures to promote exports and attract capital return

Xinhua News Agency, Ankara, April 27 (Reporter Xiong Sihao) Türkiye Finance Minister Simshek said on the 27th that the Turkish government has set 2026 as the year of reform and plans to take a series of structural reform measures to promote the export of goods and services and attract capital repatriation.

At a press conference held at the Presidential Palace in Ankara on the same day, Himmzek said that the reform measures specifically include developing industries that extend towards the high-end of the value chain, promoting green and digital transformation, and launching major reforms in infrastructure investment, taxation, public finance, governance, and other fields. The reform goal is to increase the export of goods and services, attract more talents, enterprises, and capital to return, and build Istanbul Financial Center into one of the important financial centers in the region.

Simshek also said that Türkiye will implement the measures of enterprise income tax relief for transit trade, aiming to make the country a "competitive transit trade center". In order to improve the competitiveness of Türkiye's exporters and attract foreign direct investment into Türkiye's manufacturing industry, the Turkish government will also reduce the corporate income tax rate of the export industry. In addition, the government of Türkiye will provide preferential tax policies for the export of services to support the export of high value-added services such as software, video games, medical tourism, education, engineering and design.