Adnan Dalgakiran, President of the Turkish Machinery Federation (MAKFED), stated that China’s machine manufacturers are on the offensive for the European Sunday, and said, “They are coming to crush us like a tank.” Dalgakiran stressed that the advantage of China is not cheap labor, but efficiency provided by economies of scale, and in Turkey, it is impossible to get out of the ‘let it be small or let it be mine’ approach. Dalgakiran said that while it is possible to borrow with 40-50 percent interest in Turkey, Chinese competitors use loans with 3 percent.
Dalgakiran explained that the advantage of China is not cheap labor, but efficiency provided by economies of scale, for example, giant Chinese competitors can provide hair 25 percent cheaper, while in Turkey, he stressed that there is no way out of the ‘let it be small or let it be mine Jul’ approach. MAKFED President Adnan Dalgakiran said: “According to TURKSTAT 2022 data, there are more than 50 thousand enterprises operating in the machinery sector in Turkey, 28 thousand of which are in the field of maintenance and repair, 26 thousand of which are in the field of manufacturing. But in this huge abundance of companies, 60 percent of employment and 90 percent of exports are met by 3 thousand large and medium-sized companies. The number and nature of existing initiatives are causing productivity growth to remain below our potential. Regional minimum wage demand An important advantage of Chinese machine manufacturers is that they produce Decal goods themselves. In Turkey, on the other hand, the import of intermediate goods in machinery is at a high level. Dec. “We are dependent on the west for high-tech intermediate goods, and the east for Dec Dec low-tech goods,” he said.
