Turkey seeks closer cooperation with BRICS countries

Erdogan arrives in Johannesburg to attend BRICS summit

Erdogan arrives in Johannesburg to attend BRICS summit

Turkey President Recep Tayyip Erdogan will further his outreach to Africa this week, as he visits two key African nations and a meeting of leading emerging economies in South Africa, the presidency said Sunday.

The 10th BRICS summit, hosted by South Africa in the financial capital Johannesburg, starts on Wednesday and lasts through Friday.

Turkey is not a BRICS member, but Erdogan will attend in his role as chairman of the Organization of Islamic Cooperation (OIC), the Turkish presidency announced.

Erdogan has visited 20 African countries.

A possible agreement between Ankara and Moscow, with the former willing to buy the S-400 if its deal with the States "capsizes" could further madden Washington (as well as North Atlantic Treaty Organisation, of which Turkey is a member and such a deal would go against the Alliance's interests).

Erdogan's attendance at the summit will serve as the first high-level contact between Turkey and the BRICS bloc.

Pakistan's Imran Khan vies for power as country heads to polls
Khan owes a lot of his popularity to the fact that he once captained Pakistan's cricket team, which won the World Cup in 1992. Sharif's party tops another poll with 26 percent compared to 25 percent for Khan's Pakistan Tehreek-i-Insaf ( PTI ).

"It is not by accident that President Erdogan was invited to the BRICS summit", Malefane told local newspaper Daily Sabah.

The China-Turkey strategic cooperative relationship has seen smooth development in recent years with progress achieved in cooperation in various fields, Xi said, adding that China is willing to make joint efforts with Turkey to refresh and further promote bilateral cooperation. "It shows that both parties are willing to interact and cooperate more", said Altay Atli, an Istanbul-based academic and writer specializing in global political economy.

Furthermore, the weak lira will especially weigh on the country's debt as Turkey has one of the highest levels of external debt among developing countries at 53.4% of gross domestic product, so a weaker lira increases liabilities when converting debt denominated in foreign currencies.

BRICS countries account for 26 percent of the world's land mass and are home to 46 percent of the world's population and approximately 23 percent of the global GDP.

"Pursuing looser economic policy will simply exacerbate the vulnerabilities in Turkey's economy and, ironically, increase the market pressure on the Turkish central bank to take emergency action", Tuvey said.

Former Turkish Deputy Prime Minister Mehmet Simsek said a year ago that Turkey was "seriously considering" being a member of the bank in order to benefit from its projects and resources.

Recommended News

  • Kevin Durant: LeBron James to the Lakers a 'Perfect Move'

    Kevin Durant: LeBron James to the Lakers a 'Perfect Move'

    Michael Beasley sees no problem with the roster the Lakers have built around LeBron James . Ohm Youngmisuk has covered the Giants, Jets and the National Football League since 2006.
    Does India Have the Team to Win The Test Series

    Does India Have the Team to Win The Test Series

    In an interview to the Daily Telegraph, Ishant said: "Everybody used to say that India can't produce fast bowlers". Talking about the initial part of his career, Ishant said, "I was not the one who really believed in training".
    White House press corps shows unity after reporter barred

    White House press corps shows unity after reporter barred

    Olivier Knox, president of the White House Correspondents Association (WHCA), denounced the White House decision. US President Donald Trump has regularly dismissed CNN as " fake news " during his time in the White House .
  • N. Korea still making nuclear material: Pompeo

    N. Korea still making nuclear material: Pompeo

    However, the USA has repeatedly indicated it will only reward Pyongyang with a peace treaty after North Korea denuclearizes. Pompeo said he had not talked to the translator who was in the room with Trump and Putin nor looked at her notes.
    Newborn baby with toilet paper stuffed in mouth found in Delhi Flight

    Newborn baby with toilet paper stuffed in mouth found in Delhi Flight

    The baby appeared to have been delivered on board in the toilet and had toilet paper stuffed in its mouth, reports NDTV . The statement further added, "We will be assisting in the investigation and cooperating with all concerned agencies".
    Giant Liquid Water 'Lake' Discovered On Mars

    Giant Liquid Water 'Lake' Discovered On Mars

    The process requires a detailed understanding of the radar signals that were transmitted downward toward Mars by Mars Express . Researchers said they are not sure how far down it goes, but may be around one meter (three feet) deep.
  • Sergio Marchionne, Former Fiat Chrysler CEO, Has Died at 66

    Sergio Marchionne, Former Fiat Chrysler CEO, Has Died at 66

    Que vc esteja em um ótimo lugar Sergio! Cape Town - Former Ferrari boss Sergio Marchionne has passed away after a brief illness. Once the mystery of "who will replace Sergio" was solved, the focus turned back to the ailing industry leader.
    Nikki Bella Moving Out of John Cena's Place and House Hunting Solo

    Nikki Bella Moving Out of John Cena's Place and House Hunting Solo

    Nikki's budget is around a million dollars. "But to have a healthy, happy lifetime with him, I have to take a while myself". Brie and Nikki will be on The Tonight Show to promote Total Divas and Total Bellas .
    Jose Mourinho jokes about Liverpool's transfer spending

    Jose Mourinho jokes about Liverpool's transfer spending

    I think you have to be fair and now you have to demand [they win the league]". Mourinho claimed that Liverpool have bought wisely during their spending...
  • Japan Executes Six More Members of Doomsday Cult

    The attack killed 13 people and injured at least 5,800, shattering the nation's myth of public safety. The group has since splintered into three groups, which are closely monitored by authorities.
    United Kingdom  waste sent for recycling overseas  'may end up in landfill' instead

    United Kingdom waste sent for recycling overseas 'may end up in landfill' instead

    Yet exporters rated as high-risk were less likely to receive a compliance visit than those rated low-risk, the report finds. Local councils, which have to run waste collection and litter services, complain they don't see a penny of it .
    Liverpool to ditch eight players in £100m summer clear-out

    Liverpool to ditch eight players in £100m summer clear-out

    Origi was a Brendan Rodgers signing and only found the net six times while on loan at Wolfsburg last season. "It is not allowed to think for one second it will be a little bit easier".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.