Benn Steil

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Tilting Turkish Trade

by
October 6, 2010

Turkey’s exports to the Middle East have grown substantially over the last three years, particularly to Iraq, Egypt, Libya, and Iran. In tandem, its share of exports directed to the European Union has declined. This shift is being driven primarily by the faster growth of Turkey’s Middle Eastern trading partners, but also by a conscious Turkish political decision to cultivate such ties. Prime Minister Erdogan recently said he expected a proposed preferential trade agreement with Iran to lead to a tripling of bilateral trade within five years. While the EU remains a major Turkish trade partner, its declining relative economic importance to Turkey can be expected to weaken its political influence over the country.

CFR: A Conversation with Abdullah Gül
Thomas: Turning East, Turkey Asserts Economic Power
Economist: Turkey and the Middle East
Economist: Is Turkey Turning?
Stephens: The west Must Offer Turkey a Proper Seat at the Table

Post a Comment 2 Comments

  • Posted by Mike

    This is an interesting graph. Can you make the data available? It would be interesting to see the base level from which Turkish exports to each region increased/decreased.

  • Posted by gs traders

    this is an intresting graph

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