Independent and cutting-edge analysis on Turkey and its neighborhood

This article aims to give an overview on Turkey's improving relations with the countries of North Africa, a region that is increasingly important for bilateraltrade, energy relationships and increasingly important for the U.S. and Europe.It focuses on the relationship between the region’s continued integration into theWestern economic system and the significant improvement registered in Turkey’s trade relations with Algeria, Morocco, Tunisia, Libya, Morocco, and Tunisia, andargues that the continuation of these trends would benefit Turkish companies and strengthen Turkey’s aspirations to become a regional economic power. It concludesthat an increasingly integrated North Africa will also benefit Turkey politically contributing to regional stability and security, and Turkey’s EU accession process.The economic prospects for the countries of North Africa, namely Algeria,Morocco, Tunisia, Libya, and Egypt, looked favorable at the end of 2004. Regional GDP growth stood at 5 percent - with Algeria and Tunisia leading the course with 6.1 percent and 5.1 percent respectively. Libya,the region’s oil giant – long excluded – took steps to integrate into the worldeconomy, offering lucrative contracts in a number of oil fields. Exports increased by 23.5 percent in Tunisia and 15.2 percent in Morocco, with Libya, Algeria andEgypt registering 30.2 percent, 28.8 percent and 25.6 percent growth respectivelythanks to rising oil prices.

Please click here to read the text in full

CONTRIBUTOR
Kaan Nazlı
Kaan Nazlı
From the Desk of the Editor Over the last couple of years, Turkey has weathered multiples storms in close succession: two general elections that took place in a polarized political climate, an escalation of the Turkey-PKK conflict, a crisis with Russia, the 2016 failed coup attempt followed by state of emergency measures, and the continued threat of terrorist attacks. The aftermath of the constitutional referendum in April...
STAY CONNECTED
SIGN UP FOR NEWSLETTER
TWEETS
FACEBOOK
PARTNERS