Recently, we see an intensive struggle for reducing the dependence of our economy on import and consequently for the reduction of current account deficit. As a person devoted to domestic production and export for many years, I welcome these approaches with great enthusiasm.
I think that the subject should be considered from a broader perspective so that domestic production is improved and the dependence on import is reduced. If you examine the producers of raw materials, intermediate goods and investment goods, i.e. any kind of items, imported to Turkey today, you will see that such establishments have global competitive advantages over each other in terms of technology and scale. In general, Turkey's share in the turnover of these establishments is not very high.
Considering that we have 2% share in the global trade at a national scale, we may not expect the Turkish economy to have competitive advantages regarding the investments to be made to the extent required to meet her own needs. The said investments should be investments which will be competitive first at a regional and then global scale. I would like to draw your attention to the point that the companies, engaged in export-oriented manufacturing in the South Korea model we have intensively been discussing, account for the minority interest in their turnovers from actual domestic sales. When we look at the top 500 exporters of our country, we see that those companies also export the large part of their produced goods. The priority should be enhancing this figure.
It is naturally unfeasible to make investments with global competitive advantage for each import item. Extremely large investments and working capitals may be required in given areas, while we may encounter technological or strategic constraints in a number of areas. Nevertheless, it will be possible to build plants having the capability to compete globally regarding numerous import items. The essence is identifying such areas accurately and using the limited resources properly.
Today, numerous grants, aids and incentives are provided by several ministries and governmental bodies. The incentives have grown in number so much that it is impossible to keep track of them without specialized advisors. However, these incentives lack a strategy that will steer companies towards the engagement in export-based manufacturing. The coordination of supports, provided by various resources, in a way that encourages companies in line with this mindset will do good.
None may expect that new or existing investments will reach the global competition scale from today to tomorrow. This will be a process. The supports should be maintained at a gradually decreasing level throughout this process under any circumstances. On the other hand, these supports should not serve as a barrier to customs and import taxes. By these methods, we will fail to improve ourselves and enhance our competitiveness.