Turkey is EU’s Rising Star in Jewelry
By Isa Yazar
Zaman Online, Turkey
zaman.com
Based on the data from the last 26 years, a governmental agency has concluded that the jewelry sector is Turkey’s most productive industry based on capital efficiency.
The National Center for Productivity (MPM), a governmental agency charged with measuring productivity, has recently conducted a comprehensive study to determine the level of efficiency in a number of sectors.
Turkish jewelry exports amounted to 1 billion 172 million dollars last year. Ranking second after Italy, Turkey is expanding its market share.
MPM predicts that Turkey will be the rising star of the European Union in the jewelry sector.
Noting that the jewelry sector has made remarkable progress over the last five years, the report believes the Turkish jewelry sector will dramatically improve in the future and gain substantial market shares within EU countries.
Because of Turkey’s geography, jewels and precious stones have been produced and crafted here for more than five thousands years. The report feels Turkey has overwhelming potential in this field.
According to their research, the second most efficient sector was petrochemical industry. Apparel, forestry products and furniture were the least productive, the study shows.
