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.

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