Turkey and Tatarstan agree to step up support for SMEs

Turkey and Tatarstan have agreed to cooperate more intensively for the development of small and medium-sized enterprises (SMEs), an official said on Thursday.

The parties plan mutual exchange programs under a jointly agreed action plan under the Memorandum of Understanding signed by the Turkish Small and Medium Enterprises Development Organization (KOSGEB) and the Development Fund of Tatarstan entrepreneurship.

The agreement was signed during the 13th International Economic Summit, Russia-Islamic World: Kazan Summit 2022, which was held in the Russian Republic of Tatarstan.

KOSGEB Director Hasan Basri Kurt said the two institutions will work together intensively to develop SMEs in Turkey and Tatarstan, building on the existing strong bilateral relations.

“We see new opportunities where we could collaborate in many areas,” he said.

The mega international economic meeting aims to strengthen relations between Russia and the member countries of the Organization of Islamic Cooperation (OIC), by addressing the topics of partnership finance, halal industry, export development , entrepreneurship and investment.

The halal industry was the focus of the summit and, according to Kurt, a growing industrial trend in the world, especially in Muslim countries.

This industry has seen a lot of progress in Turkey, and part of KOSGEB’s job will be to ensure that its companies receive halal accreditation.

“We are currently offering TL 10,000 ($615) certification support to our SMEs who want to get certified from the Halal Accreditation Organization,” Kurt said.

Experience sharing

Kurt highlighted the importance of SME development in OIC countries, given the contribution they can make to employment, economic development and social stability.

He cited the example of Turkey as a country that has received a lot of attention around the world for its success in developing SMEs over the past 20 years.

The country’s exports have increased exponentially and SMEs are gaining ground in the share of these exports while contributing to the economy and providing jobs, he said.

KOSGEB’s role is to represent Turkey as best it can by sharing its successes with other interested developing countries, Kurt concluded.

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Rose D. Jones