MATSO President Güngör: ‘Will strengthen the investment environment’

President of MATSO Seydi Tahsin Güngör stated in his announcement that Turkey’s removal from the Financial Action Task Force’s (FATF) gray list will strengthen the investment environment. President of Manavgat Chamber of Commerce and Industry (MATSO) Seydi Tahsin Güngör made a statement regarding Turkey’s removal from the ‘Gray List’ following the assessment by the Financial Action Task Force (FATF) on June 28. Güngör emphasized the significance of being removed from the gray list for the finance sector, stating that it will increase Turkey’s confidence in the international financial system and create a more attractive environment for foreign investors. President Güngör highlighted that this indicates the strengthening of Turkey’s financial system and its alignment with international standards, which will enhance the confidence of foreign investors and financial institutions in the country.
Enhancing our international reputation economically Turkey’s removal from the gray list will strengthen the country’s financial reputation on international platforms, according to Güngör. He stated, ‘This step will further increase trust in Turkey’s financial system and contribute to attracting more foreign investors with reduced risk perception. It is crucial for the sustainable growth of the Turkish economy and the expansion of economic growth into various sectors.’ President Güngör also mentioned that being removed from the gray list demonstrates Turkey’s financial infrastructure strength and its determination in combating money laundering and financial terrorism to the international community, expressing his belief that the country’s international financial relations will further improve in the future.
Positive impacts on exporting companies President Güngör noted that inspections targeting companies engaged in exports will ease, saying, ‘Easier and faster transactions in international trade to our country will have positive impacts on our exporting companies.’ Güngör emphasized that the developments will contribute to the country’s economic growth and financial stability. Highlighting the possibility of easier and more favorable access to international sources of financing for the country, President Güngör stated, ‘A significant portion of global investment funds cannot invest in countries on the gray list due to legal regulations. We will overcome this barrier by being removed from the gray list. The acceleration of foreign capital inflow and the reduction of external borrowing costs will ease the Central Bank’s fight against inflation and facilitate reaching the expected interest rate reduction process towards the end of the year. Low-cost credit and investment opportunities can support economic growth and strengthen the labor market.’