International trade refers to the exchange of goods, services, and capital across international borders or territories. It involves importing and exporting products between countries, allowing nations to engage in commerce beyond their own economies. International trade enables countries to specialize in the production of goods they can create efficiently while obtaining other goods they may lack or cannot produce as effectively. This exchange occurs through various agreements, tariffs, and trade regulations established by governments and international organizations. The primary benefits of international trade include increased economic growth, access to a wider range of products, and enhanced market competition, which can lead to lower prices and improved quality. With globalization, international trade has become an integral part of economic strategies for countries, contributing significantly to their gross domestic products (GDP) and overall economic development.
The Turkish central bank's inflation forecast for 2025 has been adjusted downward to 28.04%, continuing a three-month decline trend. The one-year inflation outlook has decreased to 24.55%, marking a five-month…