Free Trade Agreement Turkey China

This would allow Turkey to get a bigger slice of the pie in a redesigned and more digitized international trading system. “Trade relations have been negatively affected by U.S. taxes on Turkey`s steel exports and other trade preventions due to political disagreements, which creates mistrust between the two countries,” Vergil said. Despite the political conflicts, significant trade potential remains between the two countries, especially in the context of the US-China trade war, in which Washington is seeking new partners to prevent the global expansion of the Chinese economy. “As a result of a free trade agreement between the United States and Turkey, if we increase our production capacity and diversify our products, China`s dominance in the African market could be broken,” Vergil said. Turkey`s founding fathers believed that Western modernization and a greater orientation toward Western powers could lead to a more prosperous Turkey. That is why, since its inception in 1923, the country`s foreign policy has centered the West. At the Izmir Economic Congress in 1923, which was an important step in the construction of the young Turkish nation, important decisions were made to illustrate that the new Turkey would become a Western country that would kindly confess foreign trade instead of following the closed system established by the Bolsheviks in Russia. Since then, Turkey has engaged at various levels with the West, which has marked Turkey`s identity and foreign policy decisions. “When it comes to the export and manufacturing sector, a free trade agreement with the United States will bring huge benefits to Turkey,” Vergil told TRT World. .

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