Wednesday 29 August 2012

Turkey’s eastern trading bet pays off - FT.com

Turkey has identified a unique selling point as a European country – it wants to project itself as an emerging Asian market with a strong position in the Middle East. It should. It is. It has.
For a nation that spent much of the 20th century seeking adoption from Europe and being spurned, it has spent much of this century rediscovering old trading relationships with eastern neighbours. That has proved to be a wise and fruitful bet, as Europe wallows in austerity triggered by the Great Recession while $100 oil has spurred an economic boom in the energy-rich Arab states.

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