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Oktay: We have 6 unicorns when there is not a single attempt

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Vice-president Fuat Oktay said: “The volume of e-commerce in our country reached 381.5 billion lire in 2021, with an increase of 69 percent compared to the same period of the previous year. The sectors with the largest increase in the volume of e-commerce are accommodation, food and supermarket, travel, transportation. “With the effect of digital transformation, e-commerce steps are taken in Web 3.0 technologies with the effect of digital transformation, it is inevitable work on legislation in accordance with this rapidly changing field. We are determined to respect the rights of all stakeholders for the contribution of e-commerce to grow exponentially in terms of employment and exports and for the sector to function in a balanced way, “he said.

Vice President Fuat Oktay spoke at the consultation meeting with representatives of the e-commerce sector held at the presidential complex.
Noting that, as the government has progressed by taking relevant stakeholder views and determining needs regarding legal policies and regulations, Oktay said: “With our participatory approach, we implement” well-defined “and” result-oriented “reforms. , one of one, in agreement with the stakeholders.
Today, we are together to consult with our competent institutions and leading companies operating in the field of e-commerce, on the legal regulations to be adopted for a balanced and competitive growth of e-commerce in our country.

“TODAY THE E-COMMERCE MARKETS HAVE BECOME AN IMPORTANT SALES CHANNEL”

Hoping the meeting will be beneficial for the future of e-commerce in Turkey, Oktay said: “I believe we will sign much more beneficial regulations with the views of the industry representatives who are in the kitchen. E-commerce, which has grown steadily in the world and in our country in recent years, it has reached record levels with the COVID-19 epidemic. Today e-commerce marketplaces have become an important sales channel. approaching $ 5 trillion in 2021. This figure is estimated to exceed $ 7 trillion by 2025, “he said.

“WHEN THERE IS NOT A SINGLE INITIATIVE FROM TURKEY, TODAY WE HAVE 6 UNICORN AND 6 TURCORN as we call them”

Stating that the volume of e-commerce in Turkey reached 381.5 billion lire in 2021 with an increase of 69 percent compared to the same period of the previous year, Oktay said: “The sectors with the greatest increase in volume of e-commerce are housing, food and supermarket, travel, transportation, storage and the airline sector.There was not a single initiative from Turkey that surpassed the valuation of $ 1 billion until 2 years ago, today we have 6 UNICORN, or 6 TURCORN as we call them.Also, 3 of them are e-commerce and one of them is to increase sales for e-commerce sites. is a software company that offers tools. e-commerce companies successfully represent the entrepreneurship and technology ecosystem in Turkey internationally. list of UNICORN companies in Europe in the field of e-commerce and once again the most visited by SimilarWeb worldwide We have companies that are in the top 20 in the list of shopping sites, “he said.

Emphasizing that it is inevitable to work on suitable legislation for this rapidly changing sector today, when e-commerce measures are taken in Web 3.0 technologies with the effect of digital transformation, Oktay said: “Public authorities around the world are implementing reforms to establish an adequate market regulation regime in the field of e-commerce. We determine that legal regulation must prevent unfair competition and monopolization in commerce and guarantee the rights of sellers in e-commerce markets. efforts to create a fair environment and well-functioning ecommerce ecosystem, taking into account the needs of the industry. “We are determined to respect the rights of all stakeholders for the business contribution to grow exponentially and for the industry to function in a balanced way. We will follow our investment, production, employment and export oriented growth path with our competitive, balanced and stable e-commerce ecosystem. “

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