Enhancing bilateral relations between S.A & Turkey

As the heads of the G20 countries gathered in China, discussions surrounding economic growth and international financial stability were at the forefront. Among the key players in this global arena, Turkey has been making significant strides in enhancing bilateral relations, particularly with South Africa. The relationship between Turkey and the United States has faced challenges since the failed coup attempt against President Tayyip Erdogan on July 15th. Against this backdrop, Saban Disli, the Deputy Chairman of AK Party and a key figure in Turkey's economic development efforts, sheds light on the initiatives and partnerships that are shaping this dynamic landscape. Mr. Disli embarked on a visit to South Africa to foster discussions and collaborations with the local business community. The primary objective of the visit was to launch a new branch of Mucead, an independent business association. This initiative underscores the growing ties between Turkey and South Africa, highlighting the mutual benefits that can be reaped through enhanced economic cooperation. One of the key driving forces behind the push for stronger economic partnerships between Turkey and South Africa is the shared status as emerging markets. Any fluctuations in one country's currency inevitably impact the other, underscoring the interconnectedness of their economies. This alignment positions the two nations as natural allies in pursuing common economic goals and fostering trade relations. Moreover, Turkey and South Africa boast complementary economies, offering ample opportunities for collaboration across various sectors. While Turkey imports minerals from South Africa, it exports textiles, machinery, and food products to its African counterpart. This economic synergy sets the stage for diversifying trade exchanges and capitalizing on each other's strengths. Despite the challenges posed by geopolitical uncertainties and security concerns, Turkey has demonstrated resilience in maintaining political stability and economic growth over the years. With a track record of consistent GDP growth and an ongoing negotiation process with the European Union, Turkey presents an attractive destination for foreign investments. The country's strategic location and young population further enhance its appeal as a dynamic market for businesses. Addressing the prevailing volatility in the region, Mr. Disli emphasized Turkey's commitment to countering threats from terrorist organizations like ISIS and the PKK. The ongoing security challenges, particularly along the Syrian border, underscore the need for vigilance and proactive measures to safeguard the nation's stability. Despite these external pressures, Turkey remains steadfast in its pursuit of economic prosperity and upholding a favorable investment climate. Looking ahead, the sustainability of the economic partnership between Turkey and South Africa hinges on concerted efforts to mitigate risks and leverage opportunities for mutual growth. By fostering a conducive environment for business collaborations and exchange, both countries stand to benefit from a deepened engagement that transcends geopolitical complexities. In conclusion, the ongoing dialogue between Turkey and South Africa signals a new chapter in their economic relations, characterized by shared interests and mutual goals. As they navigate the evolving global landscape, these two emerging markets have the chance to forge a lasting partnership that paves the way for sustainable growth and prosperity.