Turkish VP: Cold War With China Is a “Creative Opportunity” To Mend U.S.-Turkey Ties

[Glass]

But my Chinese friends Turkey exploiting this beef you're having with the Americans is just smart business. Is it going to work? Most likely not.

Its already working, by the beginning of this year there were already multiple companies from the US and elsewhere shifting their production towards Turkey mainly in Textile but thats now entering also the furniture sector and car parts sector and will be further widened into other sectors as well. Germany,UK,Japan etc which are also shifting production lines, we are profitting from this.

 

[vi-va]

Erdogans government is running on a tight schedule. Every couple years they will try to mend ties with the EU, USA then become best friends again with Iran, Russia - get screwed, try other things and countries and start back at the EU and USA. Is there any strategy behind this? Maybe someone a bit more creative than I am can see that, but I fail to see.

But my Chinese friends Turkey exploiting this beef you're having with the Americans is just smart business. Is it going to work? Most likely not.

US/EU wont' reward Turkey for deteriorate relationship. All in all, US/EU has a stronger stance, they would rather wait for post Erdogan era to amend the relationship.

Otherwise, next president of Turkey would do more misadventure presuming Eu/US will just sit and watch. They would NOT.

Its already working, by the beginning of this year there were already multiple companies from the US and elsewhere shifting their production towards Turkey mainly in Textile but thats now entering also the furniture sector and car parts sector and will be further widened into other sectors as well. Germany,UK,Japan etc which are also shifting production lines, we are profitting from this.

That's just sesame. You need to open the window and see the big picture.

Syria:
Freedom fighter/terrorist? I don't care. Nation defend their interest regardless what it is. US back stabbed Turkey on Kurd issue, everyone knew. Turkey want to reverse their agenda, nothing wrong.

Libya:
I am not interested, not important to China.

Economy:
View attachment 638045
https://www.statista.com/statistics/277044/inflation-rate-in-turkey/

Turkey External Debt: % of GDP
View attachment 638050exchange rate
View attachment 638047

External debt
View attachment 638048
https://tradingeconomics.com/turkey/external-debt

View attachment 638049

https://tradingeconomics.com/turkey/foreign-exchange-reserves

The net IIP, defined as the difference between Turkey’s external assets and liabilities, posted USD -314.7 billion at the end of March 2020, in comparison to USD -351.9 billion observed at the end of 2019.
https://www.tcmb.gov.tr/wps/wcm/con...+Statistics/International+Investment+Position

Turkey economy is not doing well, it's understandable. Kind of cost of deterred foreign relationship.

 

[Beast]

Turkey is being smart. The US will move away a big portion of manufacturing from china, wether Turkey offers help or not. So why not take the opportunity and get some manufacturing to Turkey.

Lol... Elon musk and Exxon Mobil just ink deal few months ago for expansion of their factory in China.

China is autocratic but it also means it can maintain order better than democratic countries. Investors feel safe putting their bet on China.

 

[Glass]

That's just sesame. You need to open the window and see the big picture.

But ur graph´s are useless if u do not understand what the primary problem of the Turkish economy is: Hint its not external debt or something like that, has something to do with the exports/imports

 

[vi-va]

But ur graph´s are useless if u do not understand what the primary problem of the Turkish economy is: Hint its not external debt or something like that, has something to do with the exports/imports

I am not export. I learn economy all by myself. Please enlighten me what's wrong with my analysis?

I am not against Turkey, I insist good Turkey-China relationship and independent Turkey for years.

I am nobody, just grab some data from public source and do some research.

 

[azyr]

I am not export. I learn economy all by myself. Please enlighten me what's wrong with my analysis?

I am not against Turkey, I insist good Turkey-China relationship and independent Turkey for years.

I am nobody, just grab some data from public source and do some research.

He wasn't saying anything about you - he meant that (in a broad sense) nearly all of Turkey's economic woes rely on the two simple facts :

• We import more then we export, and this has been the standard going back decades
• Because of this Turkey is a "spender / buyer" country instead of a production one
• And since Turkish Lira is not the world reserve (like the USD, or to some extent the EURO and even the English Sterlin) Turkey is taking a heavy beating from the trade deficit

There are other problems of course, but this is generally the root of the issue and a reversal of this would cause a ripple in the economy in a positive way.

There's also the issue of Turkey turning into a very high risk investor zone, and I really hope Erdoğan takes his head out of his *** and sees that as investors begin to shy away from China, Turkey (being incredibly cheap and just next door to Europe while also being a high quality producer) is in a position to gain from this.

But him declaring that he's in sole control of the country is NOT the way to do it. He needs to distance himself from the Central bank ASAP and start building trust.

Unfortunately I don't see that happening.

 

[vi-va]

He wasn't saying anything about you - he meant that (in a broad sense) nearly all of Turkey's economic woes rely on the two simple facts :

• We import more then we export, and this has been the standard going back decades
• Because of this Turkey is a "spender / buyer" country instead of a production one
• And since Turkish Lira is not the world reserve (like the USD, or to some extent the EURO and even the English Sterlin) Turkey is taking a heavy beating from the trade deficit

There are other problems of course, but this is generally the root of the issue and a reversal of this would cause a ripple in the economy in a positive way.

There's also the issue of Turkey turning into a very high risk investor zone, and I really hope Erdoğan takes his head out of his *** and sees that as investors begin to shy away from China, Turkey (being incredibly cheap and just next door to Europe while also being a high quality producer) is in a position to gain from this.

But him declaring that he's in sole control of the country is NOT the way to do it. He needs to distance himself from the Central bank ASAP and start building trust.

Unfortunately I don't see that happening.

Turkey is kind of under War Mode. Good or bad for national interest, hard to judge. But definitely not good news for investors.

 

[azyr]

Turkey is kind of under War Mode. Good or bad for national interest, hard to judge. But definitely not good news for investors.

There's zero chance of any of these conflicts coming even remotely close to Turkish borders, let alone spill inside them. Considering Turkey is much more stable even in her south east zones (which have been hard to control in the past as PKK terrorists and her affiliates have been roaming around them for 40+ years).

So, ironically, Turkey is much more safer and stable regarding skirmishes, wars etc.

 

[Saithan]

There's zero chance of any of these conflicts coming even remotely close to Turkish borders, let alone spill inside them. Considering Turkey is much more stable even in her south east zones (which have been hard to control in the past as PKK terrorists and her affiliates have been roaming around them for 40+ years).

So, ironically, Turkey is much more safer and stable regarding skirmishes, wars etc.

war mode doesn't mean that. Libya, Syria, Iraq are all areas that we're engaged in. Much more in Syria than in Libya and all of that doesn't come for free, someone has to pay the cost.

 

[Glass]

That trade deficit for example is about to get fixed in 2-4 years which will also result in the lira becoming stable, they however want to keep it around 5-6$ to keep the exports competitive, add to that the various national projects in the medical sector, car sector and energy sector..

 

[Constantinople]

Would hate that but as long as erdogan is there , relations won`t improve.

True. Even the relation with EU won't improve


Yes. The tension between US-China is high but this mean American companies won't invest in China ? No. That's mean Turkey is the second option ? No.
China infrastructure is more developed than Turkey, Even China market ( more 1 billion person ) is larger than our market. Why we are not ready ? First , Erdogan . Most of western country dislike Erdogan. Second, unfortunately we don't have Economical-Political stability, every couple of years we have a crisis or we have an election this won't attract investors.
Third, there are wars around us. Look at our neighbors ( Syria, Iran, Iraq), these countries have plenty of problems. etc ...

 

[vi-va]

There's zero chance of any of these conflicts coming even remotely close to Turkish borders, let alone spill inside them. Considering Turkey is much more stable even in her south east zones (which have been hard to control in the past as PKK terrorists and her affiliates have been roaming around them for 40+ years).

So, ironically, Turkey is much more safer and stable regarding skirmishes, wars etc.

War is expensive. Let's say, Syria refugees only cost Turkey billions of USD. EU is not paying for it, not fully covered at all.

Refugees issue is not only economical cost, but also political cost, and social cost.

The inflation is another cost as well, especially political base of Erdogan.

The devaluation of Lira drove out capital, rich Turks will try their best to exchange Lira for USD, same thing happened to Russia. The devaluation of Lira make import very expensive for ordinary Turks, such as gasoline. It stumbled business as well if they need to import machinery.

Those alerts can not be ignored.

 

[Glass]

^I mean azyr got it right but u fail to understand this, the primary issue within the Turkish economy is the trade deficit and that is largely because of a high energy bill and unnecesary imports from for example China which could be also produced in Turkey. There are now various custom taxes on ur goods etc. that issue is however going to be fixed in a couple of years and the main motivation is now to capitalize on the stand off the Chinese have with the world and we are doing that by making sure that nations shift their production lines to Turkey.

He wasn't saying anything about you - he meant that (in a broad sense) nearly all of Turkey's economic woes rely on the two simple facts :

• We import more then we export, and this has been the standard going back decades
• Because of this Turkey is a "spender / buyer" country instead of a production one
• And since Turkish Lira is not the world reserve (like the USD, or to some extent the EURO and even the English Sterlin) Turkey is taking a heavy beating from the trade deficit

There are other problems of course, but this is generally the root of the issue and a reversal of this would cause a ripple in the economy in a positive way.

There's also the issue of Turkey turning into a very high risk investor zone, and I really hope Erdoğan takes his head out of his *** and sees that as investors begin to shy away from China, Turkey (being incredibly cheap and just next door to Europe while also being a high quality producer) is in a position to gain from this.

But him declaring that he's in sole control of the country is NOT the way to do it. He needs to distance himself from the Central bank ASAP and start building trust.

Unfortunately I don't see that happening.

 

[T-123456]

We have no gain from China/Russia be it economicly,miltarily or culturally,so turning away from the West to join the CPEC should never and will never happen.

 

[MMM-E]

Turkey’s external assets and liabilities, posted USD -314.7 billion at the end of March 2020, in comparison to USD -351.9 billion observed at the end of 2019.
https://www.tcmb.gov.tr/wps/wcm/con...+Statistics/International+Investment+Position

Turkey economy is not doing well, it's understandable. Kind of cost of deterred foreign relationship.

Turkish Economy under attack by the US since 2013 and 1 USD has risen to 6,8 TL from 1.8 TL
The US use DOLLARS as weapon ......

and Turkiye is fighting in Iraq,Syria,Libya and in the Eastern Mediterranean against bandit countries and their terrorists and puppet dictators PKK/YPG , ISIS and FETO , ASSAD Regime,HAFTAR,the UAE,,KSA