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UK FAILS to roll over Japan and Turkey trade deals for ‘no deal’ Brexit

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Negotiators had hoped to continue with the deals, which also includes a customs union agreement with Turkey. However, according to the Daily Telegraph, the UK has run out of time and officials claim several crucial deals would not be finalised by March 29. The negotiators believed in keeping the deals in order to minimise disruption for importers and exporters. In ... Read More »

Modernized customs gate to boost Turkey’s trade with Iran

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The Kapıköy Customs Gate, which began its modernization process two years ago in the Saray district of Van province, is now in service. The customs gate is expected to further contribute to trade with Iran in Van, which has the longest border with that country, and contribute to regional tourism. As one of the most modern land border gates in ... Read More »

EU-Turkey trade compact could benefit Syrian refugees

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The UN’s Global Compact on Refugees, adopted late last year, floats the possibility of trade arrangements that incentivize local businesses to hire refugee labor. A trade deal between the EU and Turkey that grants access to European markets for agricultural goods produced in Turkey with a threshold level of Syrian labor could prove beneficial for both parties — and for ... Read More »

Turkish customs confiscate 25 kg of heroin

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A total of 25 kilograms (55 pounds) of heroin was seized at the Turkish-Iranian border by Turkish customs, according to an official statement. A truck coming from Iran to Turkey suspected of drug trafficking was searched at the Gurbulak Customs Gate, the Turkish Trade Ministry said on Sunday. During the search, the heroin, hidden under the bed in the driver’s ... Read More »

Turkish officials seize 7 tons of cannabis, half million packs of smuggled cigarettes

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Turkish police and customs units have seized large hauls of marijuana and smuggled cigarettes and detained dozens in separate operations on Tuesday in their relentless anti-narcotics and anti-smuggling fight. The police in Istanbul seized two tons of marijuana during an anti-narcotics operation Tuesday, Interior Minister Süleyman Soylu said. Soylu said later on Tuesday that five tons of cannabis was also ... Read More »

Turkish police detain 4 for smuggling artifacts

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Police have detained four people in southwestern Denizli province during an operation against smugglers of historical artifacts, according to a police source on Tuesday. Police officers followed a car closely after police units from the Department of Anti-Smuggling and Organized Crime received a tip-off on historical artifacts from Syria, said the source, who spoke on the condition of anonymity due ... Read More »

Spanish Senators Demand Investigation of Turkish Imports

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Two Spanish senators have formally asked the Government and the European Commission if either entity is aware of any stolen Syrian olive oil currently being imported and sold in Spain. Earlier this month, numerous reports that Turkey was illegally smuggling Syrian olive oil over its border to be packaged and sold as Turkish olive oil were made public. Bekir Pakdemirli, ... Read More »

Venezuelan gold trade strains ties between Turkey

(FILES) In this file photo taken on January 25, 2019 Venezuelan President Nicolas Maduro offers a press conference in Caracas. Venezuelan President Nicolas Maduro pledged on January 28 to retaliate against the United States for its new sanctions on state oil company PDVSA. / AFP / Yuri CORTEZ

ANKARA: Washington will monitor trade between its NATO ally Turkey and Venezuela in case gold sanctions on Caracas are violated. Reuters quoted a senior US official on Thursday, who called the issue a “hot potato” which was raised during a meeting of the US Treasury’s assistant secretary for terrorist financing, Marshall Billingslea, and Turkish officials in Ankara on Friday. The ... Read More »

Turkey’s Expansionist Policy Exposed

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The activities of the Turkish National Intelligence office (NIO) and the powerful Turkish Military Intelligence (MIT) have been exposed since the beginning of the so-called “Arab spring” in Syria, Egypt, and Lebanon. The cover of their agents was disclosed or their shipments of weapons destined to opposition groups in the various Arab countries were caught on suspicious ships flying dubious ... Read More »

Over 235 kg marijuana seized in northwestern Turkey

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Over 235 kilograms (518 pounds) of marijuana was seized during anti-drug operations in northwestern Turkey’s Edirne province, according to a security source on Friday. Police confiscated the marijuana in a truck at the Kapikule customs gate at Turkish-Bulgarian border, said the source, who asked not to be named due to restrictions on speaking to the media. Six suspects were remanded ... Read More »

Visa liberalization, modernized customs union to prop up bilateral Turkish-Maltese investments

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Turkey’s growing political, diplomatic and economic relations with European countries over the last year was celebrated in a meeting between the Turkish and Maltese presidents in Ankara Thursday. The two Mediterranean countries have pledged to boost bilateral economic and political ties. President Recep Tayyip Erdoğan emphasized Malta’s support for Turkey’s accession to the EU. In a joint press conference with ... Read More »

Turkey lifts customs duty on onions

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A Turkish presidential decree has completely lifted the customs duty on onions, temporarily. The zero-tariff will remain in effect until Feb. 28. According to the decree, the purpose of the move is to curb the rise in the price of onions and to keep the domestic market price of the vegetable at a reasonable level and to prevent any speculative ... Read More »

Turkey continues cooperation with EU on visa liberalization, refugee deal

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Turkey will continue to cooperate with EU institutions on visa liberalization, updating the customs union and the refugee deal, Foreign Minister Mevlüt Çavuşoğlu told Parliament’s Foreign Affairs Committee yesterday. Recalling the two Reform Action Group (RAG) meetings held last year, Çavuşoğlu said the justice ministry continues to work on the judicial reform strategy. He added that the process is being ... Read More »

Turkey’s new presidential system and a changing west

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Turkey : In July 2018, having triumphed in the presidential elections the previous month, Turkish President Recep Tayyip Erdoğan began to formally transform Turkey’s long-standing parliamentary system into a heavily centralized presidential one. The new system entrenched his one-man authoritarian rule at home and is having profound implications for the making and substance of Turkish foreign policy as well as ... Read More »

Iraq: Qatar suggested to transit Turkish goods via Basra

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The Iraqi Foreign Minister, Mohamed Ali al-hakim, said that “Qatar has proposed that Iraqi territories be a ‘transit’ passage for delivering goods from Turkey. I will discuss this subject in my next visit to Qatar,” as he puts it. Hakim said that Qatar’s foreign minister visited Iraq and offered to contribute to the reconstruction and investment process. The Iraqi FM ... Read More »

Turkish exporters look to expand into Indian market

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The world’s sixth-largest economy, India, is creating a new market for Turkish exporters due to its expanding middle class and growing needs. According to data from the World Bank, Trade Ministry, and Turkish Statistical Institute (TurkStat), as of the end of 2017, India is the world’s 6th-largest economy in terms of gross domestic product (GDP) and third-largest in purchasing power ... Read More »

Turkey’s new strategic partner is Russia

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“Turkey has shown one more time that it follows an independent foreign policy and is our trusted ally,” Russian leader Vladimir Putin said while referring to the second natural gas pipeline project at the beginning of his meeting with President Recep Tayyip Erdoğan during a G20 summit in Buenos Aires on Dec. 1. This statement attests to the fact that ... Read More »

Turkish companies seek bankruptcy protection as slowdown bites

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Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at ... Read More »

Turkey fines opposition TV channels for on-air comments

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Turkey has fined two of the last television channels critical of the government over on-air comments which allegedly insulted the country’s president and encouraged civil disobedience, a television watchdog official told Reuters on Wednesday Turkey has fined two of the last television channels critical of the government over on-air comments which allegedly insulted the country’s president and encouraged civil disobedience, ... Read More »

Highlights of Turkish energy market in 2018

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The developments in the Trans Anatolian Natural Gas Pipeline (TANAP) project, TurkStream Natural Gas Pipeline project, the opening of new Turkey’s biggest oil refinery, STAR, marked the top news stories in Turkey’s energy sector in 2018. The 1,850-kilometer-long TANAP is the largest section of the 3,500 kilometer-long Southern Gas Corridor that was officially inaugurated during a ceremony held in Baku ... Read More »