Union of Chambers and Commodity Exchanges of Turkey

Hisarcıklıoğlu, attending the Konya Commodity Exchange – Exchange İstanbul Strategic Cooperation Signature and Gong ceremony at the Konya Commodity Exchange which was also attended by Prime Minister Ahmet Davutoğlu, stated that Konya is the historical center of agriculture.

Stating that the Konya Plain, one of the most important sources of food for Anatolia, has not received its due, Hisarcıklıoğlu said, “The rule of trade is that no matter how much you produce you won’t profit if you can’t form a market. A new age is upon us in regards to agricultural goods. Our endeavors will make agriculture in Konya more important than ever.”

Reporting that KTB has implemented the most modern infrastructure in the world, Hisarcıklıoğlu stated that the electronic sale hall and exchange laboratory have begun operation, “The Exchange Konya Platform has been established for acquisitions. Now the cooperation is taking another step forward, cooperating with Exchange İstanbul for future acquisitions of product bonds.”

Hisarcıklıoğlu stated that the cooperation between Exchange İstanbul and Exchange Konya would provide valuable experience until product specialized exchanges are established, “We must take this a step further and establish product specialized exchanges. The first step necessary in reaching this goal was licensed warehousing which was made into law.”

Stating that they are ready to undertake licensed warehousing with the commodity exchanges of Turkey, Hisarcıklıoğlu said, “A great capacity has surfaced. In order to make Turkey a player in international agriculture, to reach global markets, product specialized exchanges must be established.” Reporting that they are working together with the Customs and Commerce Ministry as well as the Food, Agriculture and Livestock Ministry, Hisarcıklıoğlu stated that this most significant revolution in Turkey’s agriculture would occur in PM Davutoğlu’s term.

- PM Davutoğlu

Prime Minister Ahmet Davutoğlu said, “The necessary legal implementations will be made within the first half of this year, making product specialized exchanges a reality.”

Stating that the cooperation between Exchange Konya and Exchange İstanbul are very important due to the fact that Exchange İstanbul is in direct contact with Exchange London, enabling Exchange Konya to be integrated with İstanbul, London and New York, Davutoğlu said, “An economy with isolated markets unable to reach the national and from there unto global level is unsustainable.”

- “Global debt has increased by 57 trillion USD compared to the 2008 crisis”

Exchange İstanbul General Director Tuncay Dinç stated that a crisis took place in Turkey in 2008 and that a global crisis is now present.

Exchange İstanbul Board of Directors Chair Talat Ulussever stated that Exchange İstanbul and Exchange Konya agreement is preparing grounds for an effective unity in Turkey.

Konya Commodity Exchange Chair Hüseyin Çevik stated that the agreement with Exchange İstanbul will provide a model for Exchange İstanbul Agricultural Goods and Product Specialized Markets product exchanges.