As TOBB, TESK, MÜSİAD and TÜSİAD, representing the merchants, industrialists and tradespeople of Türkiye, we believe that Türkiye's first priority for economic growth and employment is price stability in the normalization process following the COVID-19 pandemic, during which serious disruptions have been experienced in global supply chains.
Every revival that begins in the economy without price stability being achieved unfortunately proves short-lived and narrows the investment horizon of our businesspeople. For this reason, we regard price stability as a precondition for achieving the increase in prosperity that our country deserves. With the achievement of price stability, the investment environment in Türkiye will improve and predictability will increase, so that it will be possible to attract new high value-added technology investments to our country.
Viewed from this perspective, we are following very closely the new economic reform agenda launched under the leadership of our President Recep Tayyip Erdoğan, and we support the fight against inflation being the priority objective. We are of the opinion that a public-private sector consultation process would be extremely beneficial in the work carried out in coordination with the Ministry of Treasury and Finance and the Central Bank of the Republic of Türkiye to combat inflation.
This consultation process, while ensuring that all prices are formed within free market conditions, will contribute to the close monitoring of global and local price dynamics on a sectoral basis and to the identification of the structural risks, cost dynamics and supply-demand imbalances observed in product groups, thereby supporting the data-based policy design process. We believe that this consultation mechanism, which will be established in order to raise awareness in the business world of the importance of the fight against inflation and of the positive contribution of price stability to the medium- and long-term growth and employment perspective, will be extremely useful.
We know that all stakeholders must support the efforts of the Central Bank of the Republic of Türkiye and of the relevant public institutions in order for us to be successful in the fight against inflation, and we share with the public that we are ready to make every contribution so that Türkiye rapidly reaches the price stability target it deserves in the period of global recovery after COVID-19.
Respectfully,
TOBB President M. Rifat Hisarcıklıoğlu
TESK President Bendevi Palandöken
MÜSİAD President Abdurrahman Kaan
TÜSİAD President Simone Kaslowski