ECONOMY / ELECTRONICS
and Capital Market
the last 40 years, the enormous speed of technological development
has come to a point that a new electronic product, especially in
consumer electronics, may become obsolete in two or three months.
Today, the local content in the manufacture of many kinds of
electronic equipment has attained a very high level. The companies
engaged in the manufacture of telecommunications equipment and of
consumer electronics have ample capacities to meet local and export
demands. Exports in consumer products showed a substantial rise
especially in 1989 and in 1990. The electronics industry also made
substantial progress in the design and the creation of technology.
There are approximately 120 companies operating in the field of
electronics. Most of the companies started business under the
Foreign Licence Agreements. The consumer electronics and
telecommunications sectors are the driving force for the other
sub-sectors like the components sector. In 1994, the total amount of
exports of the electronic sector was approximately $747 million US.
The subsectors of electronics, such as consumer electronics,
telecommunications and components respectively, had export values of
$221.93 and $50 million US in 1994.
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