After Italy withdrew from the Belt and Road Initiative, Turkey was ready to move and covet China s s

Mondo Finance Updated on 2024-01-30

Italy withdraws from China".The Belt and Road InitiativeAfter the project, Turkey also began to express dissatisfaction with the project. Turkey externallyEconomyIn a speech, O'Park, chairman of the Relations Committee, directly attacked China."The Belt and Road Initiative", saying that it "harmed" Turkey's interests. Opak's accusations are based on a number of reasons: first, China passed".The Belt and Road Initiative"The rapid logistics to Europe poses a huge competition for the export of Turkish goods to Europe. Shortened shipping times for Chinese goodsLogistics costsThe gap between the competitiveness of Chinese and Turkish goods has widened. Secondly,Manufacturing in ChinaUpgrades make Chinese goodsAdded valueThe rise has put pressure on Turkey's domestic manufacturing sector. Finally, China's investment and imports into Turkey are relatively small, which Opac sees as an unequal "unilateral take-and-export".

Expansion: Turkey's to China".The Belt and Road Initiative"The project's frustration stems from the multiple pressures it faces. First of all, China passed "The Belt and Road Initiative"The project has significantly reduced the logistical time and minimizedLogistics costsThis is a huge competitive challenge for the export of Turkish goods to Europe. Previously, it took 40 days for Chinese goods to reach Europe, and Turkey, with its ownGeographyAdvantage, being able to deliver goods to European customers within 48 hours. However, with the shortening of the transportation time of Chinese goods, this poses a huge challenge to the competitiveness of Turkey's goods. The competitiveness of Chinese goods is strongLogistics costsLow, shortened customs clearance times, Turkish goods are difficult to compete with in this situation. Secondly,Manufacturing in ChinaThe upgrade of Chinese goods has been madeAdded valueGetting higher and higher, this makesManufacturing in ChinaGrowing competitiveness in the global market. In this situation, Turkey's homegrown manufacturing sector is under tremendous pressure. Opak pointed out that Turkey's homegrown manufacturing industry will not be able to keep up if it is not upgraded and transformed in a timely mannerManufacturing in ChinaThe pace of development of Turkey's manufacturing industry will be affected byManufacturing in Chinaof "suppression". In order to protect the development of local industries, Turkey must be on China".The Belt and Road Initiative"The project is restricted. In addition, Oparker believes that China's investment and imports from Turkey are relatively small, and China's "."The Belt and Road Initiative"The project is not good for Turkey, nor is it conducive to the establishment of good bilateral economic and trade exchanges between the two countries.

2. Turkey's Attack on China".The Belt and Road Initiative"The dissatisfaction of the project may have the following background and intent:

1.Perception of inequality in economic and trade relations: Turkey's total merchandise exports to Europe account for 40% of its exports**, which is Turkey as a wholeEconomyAn important factor in development. The competitiveness of Chinese goods is strong, and the export of goods to Turkey constitutes competition, so Turkey has a strong interest in China".The Belt and Road Initiative"The project is worried.

2.Persecution of the nativeIndustrial upgrading: Oparky wants to pass through the Chinese "The Belt and Road Initiative"The accusations of the project have prompted the upgrading of Turkey's local manufacturing industry. He realized that Turkey was as with EuropeEconomyDeeply interconnected countries need to adapt to competition in the global market and cannot rely only on past strengths.

3.Demanding more benefits: Opark's criticism is seen as bargaining with China in the hope of getting more out of China. He thinks that China's".The Belt and Road Initiative"The project is a "unilateral take-out and a unilateral export", which is not good for Turkey, so it is called for this situation to be changed.

1.Open Cooperation Platform: China Pair".The Belt and Road Initiative"The attitude of the project is open, cooperative and shared, and countries are free to choose to join or withdraw from the project. China will not force Turkey to participate in the project, and Turkey can opt out if it believes that the project is not good for itself.

2.Taking into account Europe, Africa andMiddle EastDirection: China".The Belt and Road Initiative"The project involves not only Turkey, but also many other countries and regions. Even in Russia with Europe "The Belt and Road Initiative"In the project, China will also maintain a balance and take into account the interests of all parties. The cooperation between China and Turkey is not only limited to the economic and trade fields, but also includes many fields such as politics and security, and the two sides need to comprehensively consider various factors to maintain and develop bilateral relations.

In short, Turkey's dissatisfaction with China's Belt and Road Initiative is due to economic and trade pressures and the distribution of benefits. The two sides should strengthen communication, balance their respective interests, and promote mutually beneficial and win-win cooperation.

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