Turkey says “we would like to become a member of BRICS”
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Turkey wants in on BRICS. That’s the latest from Foreign Minister Hakan Fidan, who said, and we quote: “Certainly, we would like to become a member of BRICS. So we’ll see how it goes this year.” And Turkey has some serious motivations. First off, they’re looking for new economic partners. BRICS countries like China and India are economic giants with markets that are growing fast. Europe’s growth is slow, and Turkey knows it. They’ve been struggling with high inflation, and their currency isn’t doing much better. Being part of BRICS could mean new trade deals and investments, things that could help Turkey stabilize its shaky economy. But the country is also playing the political game. Their relationship with the West? Not so hot. There’s been tension with the European Union and the United States for years. Some European countries are against Turkey joining the EU, and Ankara is tired of waiting around. So, they’re looking at BRICS as a new platform—one that doesn’t involve begging for approval from the West. As Fidan put it, some countries are blocking Turkey’s path to the EU, so they’re exploring other options. Joining BRICS could also mean access to some serious resources and tech. China and India are leading the pack in these areas, and Turkey wants a piece of that pie. They’re particularly interested in boosting sectors like energy, transport, and telecom. And let’s not forget about the money. Turkey sees BRICS as a way to get financial stability. With the global markets all over the place, having access to new sources of funding and credit could be a game changer. So, what’s the plan? The big talks are happening soon. Turkey’s potential membership is set to be a hot topic at the next BRICS meetings. They’ve got a summit coming up in…
Filed under: News - @ August 31, 2024 11:16 pm