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Turkish, Chinese ties to deepen further: Envoy

beijingwalker

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Turkish, Chinese ties to deepen further: Envoy
ANKARA-Anadolu Agency
  • January 17 2021 10:16:00

As Turkey and China are all set to mark 50 years of their diplomatic ties, both countries' relations are going to deepen further in the coming period, the Turkish ambassador in Beijing said on Jan. 16.
In an interview with Anadolu Agency, Abdulkadir Emin Önen commented on countries' political, commercial and cultural relations along with the latest developments in light of the novel coronavirus outbreak.
Önen said the virus outbreak proved the importance of international cooperation, solidarity, health infrastructure, supply chains and strong state structure, and it helped strengthen dialogue between Turkish and Chinese health ministries.
The arrival of the first batch of China’s Sinovac vaccine in late 2020 took their cooperation in the health field to the next level, said the ambassador, according to whom new batches of vaccine were expected to arrive in Turkey in the coming period.
Asia rising again
Önen said Asia, once again, was becoming the economic and political center of the world and China was one of the focal countries of Ankara's "Asia Anew" initiative.
Stressing that both countries are rising at the regional and global level, he said China was projected to be the world’s largest economy by 2035, whereas Turkey was expected to be within the top five, therefore officials of the two countries took steps aimed at planning the future.
The envoy went on to say that the first export train of Turkey, which traveled to China in December, brought Turkish exporters one step closer to a market of $2 trillion. Furthermore, he said, the revival of the Silk Road offered great opportunities, and export trains almost made China a neighbor of Turkey.
With wagon trains and cargo planes, Turkey is planning to have more presence in Asia, especially in China, at a time when global supply chains are reshaped amid the pandemic, according to the ambassador.
While 2019 figures for Turkey's food and agricultural product exports to China rose by 62.5%, corresponding to $225.4 million, the upward trend was likely to continue in 2020 despite the pandemic, the ambassador said, adding his country was planning to increase the export to $1 billion.
Currently, both sides' trade volume is over $21 billion and China is one of Turkey's three top trade partners, however, the balance is in favor of China and Turkey has to draw direct Chinese investments to its territory in order to narrow its trade deficit, he noted.
Also, the ambassador stated that Chinese investments in Turkey since 2002 were $1.8 billion, much less than the potential, and they could increase their trade volume and mutual investments thanks to good planning and cooperation based on sincerity and determination through a period of five years.

Importance of e-commerce
Noting that China had 850 million digital users and a middle class of 400 million people with an annual income of $20,000, the Turkish official said e-commerce was becoming more and more important given the Chinese community's rapidly changing habits of consumption.
He further noted that the COVID-19 outbreak had a positive impact on online shopping activities, and presence of high-quality Turkish products on such platforms would mean direct interaction with the Chinese community.
The ambassador said the welfare and peace of Turkic and Muslim people in China's Xinjiang autonomous region and preservation of their cultural identity were among agenda items of the Turkish foreign policy with China.
Önen said Uighurs were bridging the western and eastern edges of the Silk Road and noted that he expected them to positively contribute to relations with China whose territorial integrity and "One China" policy is supported by Turkey.
On the other hand, Turkey follows situation in the autonomous region in line with international law and by using diplomatic tools while notifying Chinese authorities about Turkey's sensitivity and expectations.
Turkey and China are going to celebrate the 50th anniversary of establishing diplomatic ties and authorities were preparing activities to boost countries' cultural, touristic, art, economic and sports relations, Önen said.
According to him, Turkey aims to draw about a million Chinee tourists in the coming period once the COVID-19 outbreak loses momentum.
Önen noted a Turkish movie - Miracle in Cell No. 7 - nominated for Oscar awards was released in China and more than half a million watched the movie despite the pandemic and its rating is 9.3 out of 10 on Douban, a Chinese social network.

 

Titanium100

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India is blocked from the west and limited to the subcontinent peninsula and disconnected from Asian main land hence why they could have never played major role in CPEC and they were never part of the historic silk road
 
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tower9

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How would Turkey be among the top five economies in 2035? Don't see that happening.

It will be 1. China 2. USA 3. Most likely India 4. Japan 5. Germany
 

Titanium100

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How would Turkey be among the top five economies in 2035? Don't see that happening.

It will be 1. China 2. USA 3. Most likely India 4. Japan 5. Germany
Based on a 2019 international survey. I know Turkey's currency took a dip recently but Turkey made a 4.5% growth in GDP this year regardless. There economy is steadily growing.

 

tower9

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Based on a 2019 international survey. I know Turkey's currency took a dip recently but Turkey made a 4.5% growth in GDP this year regardless. There economy is steadily growing.

Are you talking about nominal GDP or PPP?

I don't see Turkey ranking along Japan or Germany even in 15 years. It's not like they have an overwhelmingly massive population like India or something.
 

Titanium100

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Are you talking about nominal GDP or PPP?

I don't see Turkey ranking along Japan or Germany even in 15 years. It's not like they have an overwhelmingly massive population like India or something.
It is PPP not Nominal. Turkey's growth has never been in question it was just the currency and it has recovered now. It is not so much about population but realizing it is potential since it is located in a strategic position trading is easy for them since they can enter all markets due to their centrality location.

Percentage wise Turkey's economy is growing faster then Germany's. The german economy has already hit it's peak since the growth is slowly but Turkey's economy has not hit peak or full potential
 
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tower9

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It is PPP not Nominal. Turkey's growth has never been in question it was just the currency and it has recovered now. It is not so much about population but realizing it is potential since it is located in a strategic position trading is easy for them since they can either all markets due to their centrality location.

Percentage wise Turkey's economy is growing faster then Germany's. The german economy has already hit it's peak since the growth is slowly but Turkey's economy has not hit peak or full potential
Ok, But I think if we are talking about PPP, Turkey still won't make top five by 2035. Top ten, definitely possible. Not top five.
 

Leishangthem

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Based on a 2019 international survey. I know Turkey's currency took a dip recently but Turkey made a 4.5% growth in GDP this year regardless. There economy is steadily growing.

PPP is basically determined by their booming population,in reality it wouldn't even be in top 10 based on gdp nominal ,the likes of korea will still have a larger economy than turkey even after 10 years.
 

Titanium100

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Ok, But I think if we are talking about PPP, Turkey still won't make top five by 2035. Top ten, definitely possible. Not top five.
This is from the World bank annual forecasts and according to the previous pre-covid estimation top 5 was locked for 2030 which is even 5 years earlier but still the new revised growth of Turkey post-covid still has Turkey reaching top 5 by 2035 which is approx 5 yrs delayed. If the growth is as predicted 5% every year post 2022 it could be able to arrive at the predicted point.

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Turkey is forecast to see its GDP grow 4.5% in 2021, down from previous expectations of a 5% increase.

"The outlook has been downgraded as the sharp acceleration in new COVID-19 cases, weaker-than-expected international tourism, and tighter than-anticipated monetary policy weigh on the recovery," the report said.

The economy is estimated to see a 5% growth in 2022.

 
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Kamil_baku

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How would Turkey be among the top five economies in 2035? Don't see that happening.

It will be 1. China 2. USA 3. Most likely India 4. Japan 5. Germany
as a Turk, i also hear it first time, even Turkish government never said it,. but i know that the main goal is to make Turkey top 10 in 2025..
 

retaxis

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sorry but India economy has already hit its peak. Its only downhill from here. Covid destroyed their economy for the next ten years. They will likely be a $2000 gdp nominal nation for the next 30 years.
 

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