Trade: Low EU demand worries Turkish auto exporters
05 January, 10:38
(ANSAmed) - ISTANBUL, JANUARY 5 - Following a year of record sales, Turkish automotive exporters' concerns grew as debt-hit European economies signal weak growth and poor demand in accordance, daily Hurriyet reports quoting the head of a sector union. Turkey aims to compensate the loss in exports in the European market with expansion in Russia and South Africa this year, Orhan Sabuncu, chairman of the Automotive Industry Exporters Association (OIB), told Hurriyet. "Last year's total export numbers might not be achieved in 2012 due to increasing concerns about the European economic crisis," said Sabuncu on the sidelines of a press meeting in Istanbul. Turkey's automotive exports hit 20.4 billion USD by the end of last year.
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