• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Turkey Strengthens Ties: Partnership with BRICS

user avatar

by

2 hours ago


Turkey moves closer to the BRICS by obtaining partner status, which opens up prospects for closer cooperation and raises questions about geopolitical changes.

Turkey's New Status in the BRICS

During a recent announcement made by Turkish Trade Minister Omer Bolat, it was revealed that the BRICS granted Turkey "partner" status. This development comes just two months after Ankara's official application for full membership in the bloc. "They have offered us the status of partner country, which represents a transitional step in their organizational structure," stated Bolat. This decision was ratified at the Kazan summit, where BRICS heads of state gathered to discuss the organization's expansion.

Strategic Importance for Turkey and BRICS

This increased alignment with BRICS does not indicate a renunciation of Turkey's traditional alliances. Recep Tayyip Erdogan emphasized that the aim is not to replace relations with the West but to complement them. "We see this cooperation as an opportunity to strengthen our economic and political ties with the East without ceasing to uphold our commitments to NATO," he affirmed on the sidelines of the summit.

Looking Ahead: Future Perspectives

In the longer term, Turkey's partial integration into the BRICS could signal a shift towards a multipolar world economy. Furthermore, through its insertion into diversified networks, Ankara demonstrates a willingness to extend its influence, mitigate the risks associated with excessive dependence on the West, and take advantage of various development projects.

Turkey's new status as a BRICS partner opens the door to new economic and political opportunities, highlighting its quest for more balanced international relations.

0

Share

Other news

Larry Harmon Conviction for Bitcoin Laundering: Key Facts

Larry Harmon received three years for his role in a major Bitcoin laundering operation using a mixer service.

user avatar

17 minutes ago

Larry Harmon: Sentencing for Money Laundering via Helix

Larry Harmon, operator of the Helix crypto mixer, sentenced to three years for money laundering. Assisted Bitcoin Fog case investigation.

user avatar

19 minutes ago

Pepe Unchained Raises $30M in Presale for Exchange Launch

Pepe Unchained hits $30M presale milestone ahead of exchange launch, drawing attention to its Ethereum Layer 2 ambitions.

user avatar

21 minutes ago

Meme Coins and XYZVerse: The Future of Cryptocurrency

Meme coins like XYZVerse are changing the crypto market by merging sports and memes.

user avatar

an hour ago

Manhattan Eases Up on Crypto Crime Enforcement

Manhattan prosecutors shift focus from crypto crimes after major victories. Regulatory bodies take a leading role.

user avatar

an hour ago

Bullish SEC: A New Memecoin Set for Success Like SHIB and DOGE

Bullish SEC on Solana promises a price surge of 11,000% thanks to potential exchange listings.

user avatar

an hour ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.