EPC | 21 Sep 2020
The potential role Turkey could play in Africa -- mainly in the context of countering Chinese economic influence -- emerged as a question in a webinar organized by the Turkish-American Business Council (TAIK). TAIK is led by Mehmet Ali Yalcindag, a Turkish industrialist with strong connections and a business partnership with the Trump family, particularly with Ivanka Trump and Jared Kushner, through his ownership of Trump Towers in Turkey.
Under such circumstance one has to ask pertinent questions: Is a strategy of Turkish-American cooperation to counter Chinese influence in Africa based on sound assumptions? Does Turkey have major influence in Africa? Is there strategic convergence between Turkish-American interests? As we will see the premise underpinning the feasibility of Turkish-American cooperation in Africa remains uncertain and speculative.
Ahmed Askar | 24 Aug 2020
Turkey continues its relentless pursuit of developing its African relations, especially in the Sahel and Sahara region and the western part of the continent, with the aim of building multiple partnerships in order to achieve its strategic objectives that centre around finding a foothold in this strategic part of the continent and contributing to the re-engineering of the regional equation in the Sahel and Sahara. Naturally, this is done in light of the urgency of some issues that are intertwined in defining Turkey's relationship with the Arab world, Europe and Africa, such as the growing phenomenon of terrorism and terrorist organisations in the Sahel and West Africa, the continuing illegal migration crisis to Europe, as well as the scrambling of some European powers in the Sahel and Sahara, such as France and Germany, in addition to Turkey’s continuous attempts to influence the Libyan file with the aim of strengthening its influence in Libya and encircling the strategic interests of local, regional and international powers that are opposed to Turkey's negative role there.
EPC | 04 Aug 2020
Turkey's signature with the Government of National Accord (GNA) led by Fayez al-Sarraj of two memorandums of understanding to define maritime rights and security and military cooperation between the two countries in November 2019 marked a turning point in the Turkish intervention in the Libyan arena. The operation has become a direct, open and qualitative intervention, as a result of which Turkey increased its military support for the GNA forces. In addition to providing them with sophisticated weapon systems, it also provided them with Turkish military advisers and Syrian mercenaries loyal to it. This contributed to transforming the course of the battle and the success by the GNA forces in evicting the forces of the Libyan National Army (LNA) led by Field Marshal Haftar from the cities of the West Coast, Tripoli and its suburbs, the al-Watiya air base, and the city of Tarhuna, and their retreat towards the city of Sirte and the military base of Jufra in central Libya.
EPC | 17 May 2020
The financial crisis broke out in Turkey for cumulative reasons even before the emergence of the coronavirus pandemic. While the negative effects of the global pandemic will emerge during this summer in Turkey, the pandemic has destroyed government hopes and plans for economic recovery, albeit relatively, this year.
This paper looks into the reasons for the current Turkish lira crisis and the solutions available to the government to overcome it or manage it for a longer period.
EPC | 23 Mar 2020
In recent decades, a new form of competition has emerged in the Red Sea region, as emerging regional powers have sought to expand their geopolitical and economic influence over a larger area of land and sea. Among them, Turkey is motivated not by some sort of major geostrategic vision, but rather by its economic and commercial interests, combined with a sense of national prestige. Competition for supremacy and prestige throughout the wider Middle East is an essential part of Erdoğan’s ambitious vision of a powerful Turkey. The Red Sea and the Horn of Africa have an important role to play in this regard, as does the wider issue of Turkey’s influence in Africa, which has significant untapped economic potential for the country.
EPC | 11 Feb 2020
The Turkish economy has been shrinking as a result of the economic and financial turmoil that has gripped the country since March 2018. In the third quarter of 2019, it experienced weak growth. However, despite the market movement and the positive growth seen since, the crisis continues to have an impact, and no real solution has yet been found. In contrast to the weak growth and relative stability of the Turkish lira, the high rates of unemployment and of inflation continue to have a negative effect on the economy.
EPC | 20 Nov 2019
Turkish President Recep Tayyip Erdogan received a warm welcome at the White House from President Trump on Wednesday. This façade of good relations between the two countries is highly deceiving, however. Any sense of victory Turkey claims after this visit is bound to be illusory. In reality, the two countries are wide apart on substantive issues, and the two presidents are very lonely at the top.
EPC | 14 Oct 2019
This paper aims to analyze current condition and outlook of Turkish economy in regard to private sector debt problem, macroeconomic policies of the government, transparency of the national accounts and US-Turkey relations.