Foreign relations of Turkey - Wikipedia.
The president, Recep Tayyip Erdogan, has isolated Turkey on the global stage, and relations with the US and the EU are poor. The country has large external financing needs and its private sector is heavily indebted in foreign currency, making it particularly vulnerable to deteriorating global economic conditions amid the coronavirus outbreak. The likely collapse of Turkey's large tourism.
If we consider the economic indicators that are important for geopolitical analysis and the prediction of future actions, then Turkey will reduce its US imports. While the bulk of the growth is accounted for by Iraq (more than 400%) and Russia is a leader among Turkey’s main partners (30% increase), the share of US imports fell by more than 10% (Italy and South Korea show similar figures for.
Trade and Economic relations Turkey has the youngest and fastest growing population in Europe (700,000 graduates per year) Istanbul’s economy alone is larger than the collective economies of 12.
An important reason behind the restoration of full-fledged bilateral relations has become the economic factor. Turkey, as a result of the sanctions imposed against it by Russia, suffered huge losses in the agricultural, construction and tourism sectors. Turkish small and medium-size businesses lost money and markets for their goods, to which they had become accustomed to, and for which it was.
The downturn in Turkish-Russian bilateral relations between November 2015 and June 2016 highlighted the importance of Russia for Turkey in several key areas, inspiring Erdogan’s decision to apologize for the November 2015 shoot-down of a Russian jet. Erdogan’s June 2016 apology led to the mending of ties over the past 14 months. Continuing economic and security pressures, along with tense.
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