Home / Business / Türkiye’s New Cooperative Strategy & Increased Support | [Year] Update

Türkiye’s New Cooperative Strategy & Increased Support | [Year] Update

Türkiye’s New Cooperative Strategy & Increased Support | [Year] Update

Türkiye unveils Ambitious‍ 5-Year Plan‍ to Empower‍ Cooperatives & Boost economic Resilience

istanbul, Türkiye⁢ – ⁤President Recep tayyip Erdoğan‍ on Friday announced a thorough five-year strategy designed to significantly strengthen Türkiye’s cooperative sector. ⁣The ‌plan, ‌framed as a pathway to “fairness ⁣and collective strength,” promises expanded financial support, modernized ‌legislation, and a renewed focus on empowering small producers, women, and youth across the​ nation.

This ‍initiative comes ⁣at ⁣a pivotal moment,⁤ as cooperatives ​globally are‍ gaining prominence as a vital counterweight to the pressures of unchecked market forces. Erdoğan highlighted the role cooperatives play in fostering ⁤local progress and providing a crucial safety net for vulnerable populations. ⁣ “A small producer, a young farmer, a woman entrepreneur – all are stronger under⁤ the roof of a cooperative than they are alone,”​ he stated ‌during the launch ceremony in Istanbul.

The Rise of Cooperatives: A Global Trend

Türkiye’s‍ commitment to the ‍cooperative model aligns with a⁣ growing international movement. Currently, ⁤the⁤ country boasts‍ 62,000 cooperatives serving over 6.5 ⁤million members – a significant base, but one Erdoğan acknowledges lags behind the European​ Union’s 250,000+ cooperatives and 165 million members.

Globally, the cooperative sector is ⁤a significant ​economic force. The international Cooperative‍ Alliance reports approximately 3 million⁢ cooperatives worldwide, representing 12% of the global​ population and generating a combined turnover exceeding $2.4 trillion. This surge in ⁢cooperative activity is largely driven by a desire⁣ for economic security and protection from the volatility of “wild capitalism” and the pricing power of large multinational ‌corporations.

The timing ‍of this strategy is ⁢particularly noteworthy, as the United Nations has designated 2025 ‌as ‌the international ⁣Year of Cooperatives, providing a global platform to champion the cooperative model. Türkiye intends ⁣to leverage this opportunity to further cultivate a strong cooperative culture.

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A Five-Pillar Strategy for Growth ‌(2025-2029)

The‌ newly unveiled 2025-2029 Cooperative Strategy and Action Plan is built around five key pillars:

* Creating a Favorable Environment: Streamlining regulations and reducing bureaucratic hurdles to encourage cooperative formation ​and growth.
*‌ Modernizing Legislation: Updating legal frameworks to reflect the evolving needs ​of the cooperative sector.
* Boosting Digitalization: ⁣ ⁣Investing ⁢in technology and digital infrastructure ‌to enhance cooperative efficiency and reach.
* Introducing New Cooperative Models: Exploring innovative cooperative structures to address emerging economic challenges.
* Enhancing Capacity: Strengthening ‍the ⁤institutional and financial capabilities⁣ of

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