Geo economic of turkey

Geo-Economic of Türük

Haroon Rafizada haroonrafizada75@gmail.com

Outline • Introduction• Geography – Location– Geographical Importance– Neighborhood countries– Seas

• Economy– Key industries – Imports & Exports– Mineral resources

• Geopolitics– Turkey & Europe– Geopolitics of Turkey

Republic of Turkey• Parliamentary republic• Capital city is Ankara• Istanbul is the largest city• Official language is Turkish• Population is 78.7 million as per 2015• Currency name is Lira• GDP as per 2016 estimation is $751 billion

Geography

Location• Largely located in Western Asia • 97 percent is Asian Turkey• 3 percent is Europe Turkey• Territory is 1,600 KM long and 800 KM wide.• Turkey has rectangular shape • 37th largest country in terms of area

Geographical Importance• Turkey is in the middle of the four regions which

are: Balkans, Caucasus, middle East and Gulf• Has three seas around : Black Sea,

Mediterranean Sea and Aegean Sea• Located at meeting point of 3 continentes Asia,

Europe and Africa• Bridge between Western and Islamic world. • Focal point of energy distributing from Middle

East to Europe

Neighborhood Countries• Turkey is bordered by eight countries• Syria and Iraq to the south• Iran, Armenia, and the Azerbaijani to the east• Georgia to the northeast• Bulgaria to the northwest• Greece to the west

Sea• encircled by seas on three sides• The Black Sea is to the north• The Mediterranean Sea to the south• The Aegean Sea to the west• Turkish Straits ( Bosphorus, Sea of Marmara,

Dardanelles) separate Europe and Asia

Economy

Economy• Turkey has the world's 17th largest GDP• founding members of the OECD• G-20 major economies• $176.6 billion is its export value • Turkey’s import value is $240.4 billion • Inflation rate is 6.81%• leading producer of agricultural products,

motor vehicles, and home appliances.

Key Sectors• Banking• Construction• Home appliances• Electronics• Textiles • Oil refining• Food • Mining• Iron and steel• Machine industry

Exporting Partners• Germany 8.6%• Iraq 7.1%• Iran 6.5%• UK 5.7%• UAE 5.4%

Importing Partners

• Russia 11.3%• Germany 9%• China 9%• US 6%• Italy 5.6%

Agricultural Sector• Largest producer of Hazelnut and cherries &

apricots• Second largest producer of watermelons and

cucumbers• Third largest producer of tomatoes, eggplants

and green peppers• Fourth largest producer of onions and olives• Other productions are lemons, grapefruit,

apples, almonds, wheat, tobacco and tea.

Industrial sector• Consumer electronics and home appliances

like Vestel and Beko• Textiles and clothing• Motor vehicles and automotive products• Shipbuilding• Other industries exist e.g. defense industry,

Service sector, tourism sector and Financial sector

Mineral Resources • Petroleum and natural gas• Nuclear energy• Geothermal energy• Minerals like boron salts, coal, iron

ore, copper, chromium, uranium, antimony, mercury, gold, limestone, marble, sulfur, clay, hydropower, and geothermal power.

Geopolitics

Turkey & EU

• Relations with Europe have always been a central part of Turkish foreign policy.

• Became one of the first members of the Council of Europe in 1949

• Got membership of Western European Union in 1992

• joined the EU Customs Union in 1995

Geopolitics of Turkey• Turkey is the leader between West and Islamic

state for foreign policies • Turkey uses this point as main factor to get EU

full membership• Turkey is strategic partner of US in Military and

economic actions• Turkey being the crossroads between West,

Asia and middle east has power in the region.

Thank You