Women spend 90 percent of their income on their families, economy and education, hence the increase in the number of women entrepreneurs contributing to the social development of the country, according to Turkey’s Trade Minister Ruhsar Pekcan.

“We need to produce more technology and innovative projects,” Pekcan said on March 9 at an event in the southern province of Antalya.

“We have young women working as engineers, software designers, and graphic designers. We need to direct them, use our resources correctly. We need more female entrepreneurs both for Turkey and to give the women their desired place in society.”

The minister pointed out that female entrepreneurship in Turkey has increased to 34 percent from 23 percent over the last 10 years.

“Indeed, the momentum has been growing rapidly in the last 10 years, but still the OECD average is 51.3 percent. It’s far behind,” said Pekcan.

“I see this as a chance to say that we have a potential of 15-20 percent. Men’s participation in business life is 72 percent. However, there are 130,000 women entrepreneurs and around 820,000 women who have their own businesses. We have 953,000 women managers. In companies where women work in decision-making positions, companies have higher profitability and efficiency. When you look at the rich north European countries, you see that women’s participation in business life reaches 60 and 70 percent. In other words, as the number of women in business life increases, the rate of national income increases in direct proportion.”

Women and young entrepreneurs will be informed on exports incentives, she added.

“We will inform women and young entrepreneurs about how they can benefit from export support. We will try to direct them to the sectors where our women will be successful,” the minister said.

Pekcan said her ministry is open to any kind of demand and suggestions from women, adding: “In addition, in cooperation with women’s NGOs, we have initiated a project to open up to the international market and compete in the market. In this direction, we are ready to provide all kinds of support as our ministry. We will provide export financing support to our companies, which are 51 percent owned by women. For this project, Turk Eximbank has already allocated $200 million dollars and 100 million Turkish Liras. We’re ready, are you?”

Source: Hurriyet Daily news

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