Turkey news roundup – Dec. 5, 2019

Official White House Photo by Shealah Craighead

NATO Leaders Meeting

On December 3-4, NATO leaders met in the UK for a Summit in the 70th year since the founding of NATO. Turkish President Recep Tayyip Erdoğan pressed for more solidarity and support from NATO on Turkey’s fight against terrorism which Turkey has for many years complained it is not receiving, referring specifically to the PKK and the YPG.

Eastern Mediterranean Developments

Disputes over maritime boundaries in the Eastern Mediterranean have left Turkey largely isolated as Greece, Cyprus, Israel and Egypt struck regional agreements with EU support over natural gas rights. Turkey has disputed the validity of the agreements, arguing that Cyprus, which is divided North and South between Greek and Turkish sides, does not have the authority to negotiate over resources which belong to the entire population. Turkey aims to change the playing field by seeking other regional allies.

Reuters: Turkey signs maritime boundaries deal with Libya amid exploration row

On November 28, Turkey and Libya signed an agreement to establish maritime boundaries in the Eastern Mediterranean Sea. The agreement increases tensions in the East Med over disputes on maritime boundaries and rights to offshore natural gas resources. Turkey rejects the boundaries, recognized by the international community, established by Egypt, Cyprus and Israel in the East Med, and has carried out exploration activities in disputed waters. Turkish President Recep Tayyip Erdoğan and Greek PM Kyriakos Mitsotakis met on the sidelines of the NATO Summit to discuss their disagreements.

Read More

Economy

After many years of economic growth, Turkey’s economy stumbled last Summer amid rapid depreciation of the lira. Turkey is now continuing a rebound after three straight quarters of economic contraction.

Al Jazeera: Bye-bye, recession: Turkey’s economy returns to growth

Turkey’s economy continued its gradual recovery from recession in the third quarter of this year, posting positive year-on-year growth for the first time in 2019. Turkey’s economy contracted 1.6 percent on the same basis in the previous quarter. Turkey’s economic contraction was shorter than most analysts expected.

Read More

The Atlantic Council in Turkey promotes dialogue through research and programming addressing critical issues around energy, economics, migration, and security.