EU And NATO Shocked As Turkey Does The Unexpected, 'This Is Going To Be HUGE'

EU And NATO Shocked As Turkey Does The Unexpected, "This Is Going To Be HUGE"

Turkey is at a super interesting point in its geopolitical journey right now. With the world changing and alliances shifting, the nation is looking at the BRICS group—Brazil, Russia, India, China, and South Africa—as a way to grow and build new partnerships. This isn’t just about making money; it’s a strategic move to mix things up, especially with rising tensions with NATO and Western countries. Let’s break down what this means for Turkey and how it plans to navigate these waters. First off, let’s talk money. Turkey wants to explore new markets and investment opportunities, especially since its economy has been facing some serious challenges.

Inflation shot up to around 70% in 2022, making life tough for a lot of folks. With BRICS countries set to make up over 40% of the world’s population and about 25% of global GDP by 2025, there’s a massive market out there for Turkey. By joining BRICS, Turkey hopes to boost its economic growth through diverse partnerships. It’s not just about survival; it’s about thriving in a tricky global landscape. Now, let’s get into the financial side of things. The country is looking for alternatives to Western financial institutions like the IMF and World Bank. The New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) offer a fresh take on funding.

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With Turkey’s foreign debt hitting around $450 billion in 2022, that’s a big deal. By teaming up with BRICS, they can access funds that come with fewer strings attached, making it easier to stabilize its economy. The nation’s political scene is all about wanting more independence. The government is keen on diversifying its political alliances to lessen its reliance on the US and NATO. This shift has been pretty clear since the country’s controversial purchase of the Russian S-400 missile defense system, which didn’t go over well with its NATO buddies.

Tensions have been high, and Turkey is looking to carve out a more independent foreign policy. By engaging with BRICS, they aim to balance its international relations better.
Let’s not forget technology! They are positioning itself as a potential hub for electronics and semiconductor trade. The global semiconductor market was worth about $600 billion in 2023 and is expected to explode to $1 trillion by 2030. That’s a lot of cash! The country has a growing tech sector, thanks to government initiatives and investments. Partnering with BRICS countries on tech development could be a game-changer, helping Turkey boost its economic resilience and tech capabilities.

Now, let’s take a closer look at their relationship with the West. It’s been a bit rocky, to say the least. Issues like human rights concerns, their military actions in Syria, and its growing ties with Russia have created some serious friction with the US, UK, and EU. In 2022, the US slapped sanctions on Turkey over its S-400 deal, making things even more tense. These issues are pushing them to rethink its alliances and explore new partnerships, especially within BRICS. Despite the tensions, the country is still a key player in the electronics and semiconductor markets. In 2022, Turkish exports in electronics hit around $15 billion. However, there are worries about the flow of sensitive tech to countries like Russia, which has raised eyebrows in Washington.

Recently, US officials met with Turkish representatives to discuss efforts to curb Ankara’s trade with Moscow. It’s a tricky situation for them as it tries to expand its trade relationships while keeping Western concerns in mind. The nation’s economy is feeling the heat, with high inflation and currency issues affecting daily life. The Turkish lira has lost about 50% of its value against the dollar since 2021, making it clear that they need to find new trade partners.

That’s where BRICS comes in. By building closer ties with fast-growing economies, Turkey can tackle some of its economic challenges and strengthen its resilience against outside shocks. To really make the most of BRICS, they need to sort out its regulatory framework and trade policies. Aligning with international best practices will be key to attracting investment and boosting trade with BRICS countries. Simplifying regulations and improving transparency can create a friendlier environment for foreign investment, which is especially important as Turkey aims to be a major player in the electronics and semiconductor sectors.

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[pikar]

That will be the best thing ever for Turkey, no mor sanctions

[eskapadela]

Excellent presentation of all Turkey's problems, pros and cons in relation to the European Union, NATO and future integration into BRICS+.

[eduanolivier]

Turkiye is doing a great thing both for itself and for the world by joining BRICS.

[HasnainKhan-hsfj]

Very nice analysis and Turkey can make its economy and tech development moving forward in the region in future.

[paulpoh]

Why I'm not suprise. Good foe you Turkey

[Misterioso]

Good for Turkey 😊. Europe and NATO have always treated Turkey worse than Ukraine and Israel

[Azaniabrands]

The move by Turkey under the capable leadership of Mr Erdogan to join BRICS+ is not surprising, the writing has been on the wall for some time. Big up to Turkey, the returns on this strategic move are massive🎉🎉🎉

[Byrdinh]

That a smart move Turkey you don’t need NATO

[victorteo]

Turkey is a Muslim country. BRICS has got no race discrimination.

[JorgePetraglia]

The fact that a NATO member plans to leave says it all.
In reality that organization doesn't provide any protection against any militarily perceived enemy, in fact the main purpose of NATO is to bully any nation unwilling to follow the American doctrine, which in turn means losing independence and submit itself to access to funds to the worst lender in the world.
In a way is like consolidating your debts with the only consequence that your credit rate will be damaged, which it is what put you in debt in the first place.

Turkey is taking a very courageous stand against its "benefactors" and it is showing the way to several other nations whom are members of this criminal enterprise.
More sooner than later BRICS will create its own currency and the dollar hegemony will be left in the dust, created by the rest of the countries to embrace a new and better way to relate with each other.
Greetings from Toronto-Canada.

[weiyeongtan]

NATO only want to leverage and did not aporeciate Turkey, esoecially its strategic location and robust military. Furthermore, US and NATO have been treating Turkey as a step brother. Turkey now has woke up and realise who their friends are. Turkey has decided on what is good for itself. So you cannot blame them for this move.

[nontobekomxotwa]

Who would stay with Europe nor USA with their lousy policies whether political, social nor economy.

[Achelleas]

Turkey will do what is good for them.
They will follow up with money and emporium.

[EsmailLotfi-lc]

EU and the US needs to wake up and smell the coffee.

[LeemanEchlin]

Well it’s goodbye to Turkey from the EU and NATO!

[ferencejeremiah]

YES! ITs Ttime...ERDOGAN has to execute this plan amidst his opposition parties. BRICS is the only honest way to move forward for his nation, its people and the younger generation who will lead Turkey in future...do not make it difficult for that younger generation, do not let them suffer..instead, guide them to prosper the nation instead of living in constant debt to IMF & WB, and constant fear and kowtow to the west.

[jimyanky]

It's just about time to turkey leave Nato. Need a better world.

[michaelfishman]

YOU HAVE TO BE BLIND NOT TO SEE THIS. For years Turkey was crossing us, so this should not be a surprise.

[beaking]

Smart move! The future is as far from the EU and US as possible!

[metinakpinar]

What a Golden opportunity for Turkey go for it. You have been rectricted by US & EU for too long.