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Turning against the U.S. version, a Chinese firm has now decided to import raisins and dried figs from Turkey instead.
The amount of products that China’s Hangzhou Linan Food Company wants to buy is very important for the Turkish market, Yavuz Selim Sen, the head of Shanghai-based consulting firm Felixum, told Anadolu Agency on Tuesday.
"They were buying raisins from Chile and the U.S., but we introduced them to Turkish raisins and they loved them so much. They didn't import figs directly but from now on they will import figs from Turkey as well," Sen said.
Turkey is facing a speculative attack rather than an economic crisis, the CEO of a major private lender said on Tuesday.Speaking at Anadolu Agency's Finance Desk in Istanbul, Denizbank CEO Hakan Ateş stressed: "We can talk about a speculative attack, not a crisis."The Banking Regulation and Supervision Agency (BDDK), Central Bank, Treasury, and Capital Markets Board (SPK) are all making timely decisions, he stressed.He added that the Turkish banking system is solid and that the Central Bank's decisions served to block speculation."Turkish people are able to overcome much bigger problems than speculative attacks," Ateş said.US sanctions hurting its own reputation: Turkish FMSyrians of Al-Bab rally in support of Turkey's liraRussia's Lavrov, in Turkey, calls US sanctions policy illegitimateTurkish Airlines pulls ads from US media as Ankara-Washington row escalatesEgyptian imam offers wife's jewelry to support TurkeyErdoğan says Turkey will boycott US electronic products
Turkey faces speculative attack, not crisis: Banker
Hangzhou Linan officials will be in Turkey this week to see its products on offer.
The Chinese firm is expected to make a deal with Turkish producers to buy 1,000 tons of raisin and 400 tons of dried figs.
Sen said Far Eastern markets have a great export potential for Turkish firms and so exporters should make long-term plans to succeed in these markets.
Sen added that more Chinese firms will come to Turkey to do business in the years to come.
In 2017, Turkey exported 1,250 tons of raisins and 484 tons of dried figs to China.
Russia's foreign minister, Sergei Lavrov, said on Tuesday that new U.S. sanctions against Ankara and Moscow were an illegitimate policy and a way for the United States to obtain an unfair competitive advantage in global trade.Lavrov was speaking at a joint press conference with his Turkish counterpart Mevlüt Çavuşoğlu in Ankara.The U.S. dollar's role as a global currency is in decline and Russia has been exploring for some time using national currencies to settle bilateral trade deals with Turkey and other countries, Lavrov said.Turkish Airlines pulls ads from US media as Ankara-Washington row escalates"I'm confident that the grave abuse of the role of the U.S. dollar as a global reserve currency will result over time in the weakening and demise of its role," said Lavrov, who was speaking at a news conference with his Turkish counterpart."The use of national currencies for mutual trade has for several years been one of the tasks that the presidents of Russia and Turkey had set," said Lavrov."Identical processes have been happening in our relations with Iran. Not only with Turkey and Iran, we're also arranging and already implementing payments in national currencies with the People's Republic of China," Lavrov said.Erdoğan says Turkey will boycott US electronic productsOn Monday, the Kremlin said that Russia favoured bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work before being implemented. Conditions exist for Syria refugee returnLavrov said Moscow was surprised at the West's position on Syrian refugees and the conditions were there for them to start returning home.US sanctions hurting its own reputation: Turkish FMSyrians of Al-Bab rally in support of Turkey's lira
Russia says dollar's days numbered as global trade currency
A large number of Turkey’s most well-known brands have joined forces to protest Washington’s hostile policies against their country by pulling their ads from prominent U.S.-based social media platforms amidst an escalating row between the two NATO allies A campaign launched on Twitter with the hashtag, “ABDyeReklamVerme,” meaning “Don’t advertise with the U.S.,” went viral on Twitter in Turkey as more companies pledged to suspend their advertising activities on Facebook, Twitter and YouTube. In a tweet posted on Tuesday, media consultant of Turkish Airlines Yahya Üstün announced that Turkey’s national carrier will take part in the campaign and pull its ads from U.S. social media websites in protest.Egyptian imam offers wife's jewelry to support Turkey“We, as Turkish Airlines, are on the side of our government and people. Instructions with regards to this issue were given to our agencies,” the tweet read.As the list of Turkish businesses taking part in the boycott grows, Turkish communications giant Türk Telekom and supermarket chain Çağrı also announced that they’re taking part in the campaign.Hamdi Ateş, Turk Telekom's corporate communication head, said the company has told ad agencies not to include its ads in U.S. outlets.Erdoğan says Turkey will boycott US electronic products"The Turk Telekom family is joining the #NoAdsinUS campaign, standing on the side of our state and our people. We have told our agencies," he said on Twitter, using the Turkish hashtag #ABDyeReklamVerme. Robert Murdoch-owned FOX television channel also came under fire for its support of anti-Turkey policies and Islamophobic propaganda as Turkish social media users called on their fellow countrymen to boycott the media mogul’s channels and newspapers.Video: Turkish businessmen convert $3mln into Turkish lira after Erdoğan callTurkey and the U.S. are currently experiencing rocky relations following Washington’s imposition of sanctions on Interior Minister Süleyman Soylu and Justice Minister Abdülhamit Gül for not releasing American Pastor Andrew Brunson, who faces terrorism charges in Turkey.U.S. President Donald Trump on Friday ramped up his attack on Turkey by doubling U.S. tariffs on Turkish aluminum and steel imports to 20 percent and 50 percent, respectively.
Turkish Airlines pulls ads from US media as Ankara-Washington row escalates
An American Christian pastor standing trial in Turkey on terrorism charges has appealed again to a Turkish court to release him from house arrest and lift his travel ban, his lawyer told Reuters on Tuesday.Turkish prosecutors have demanded up to 35 years of imprisonment for American Pastor Andrew Craig Brunson for allegedly committing crimes on behalf of terrorist organizations.The appeal document seen by Reuters said the court should lift judicial control provisions imposed on Andrew Brunson.Erdoğan says Turkey will boycott US electronic products"The court should prevent unlawful political interventions by lifting judicial control provisions on the defendant," the document said.The United States imposed sanctions on two Turkish ministers and doubled customs tariffs on Turkish aluminum and steel imports after Brunson was placed in house arrest.Brunson's lawyer, Ismail Cem Halavurt, said the court had up to seven days to decide. Brunson, who faces up to 35 years in jail if found guilty, denies the charges.Brunson's next hearing as part of the trial is scheduled for October 12. Pakistan’s Khan expresses solidarity with TurkeyFoundations of Turkey’s economy are strong, say business lobbies
US pastor in Turkey appeals for release, lifting of travel ban
Turkish President Recep Tayyip Erdoğan on Tuesday said that Turkey will boycott U.S.’s technology products amidst a row between the two diplomatic allies.Referring to the fluctuations of the exchange rate, he said that the necessary measures have been taken and delaying production, switching to foreign currency would mean giving into the enemy.During his speech, Erdoğan also accused the U.S. of using the economy as a weapon, saying, “As they couldn’t make us do what they wanted on the field, they don’t hesitate to use economy as a weapon.”“The U.S. has targeted not only Turkey but also many regions from China to Russia, and from Iran to Europe.”Reitarating the importance of converting their foreign exchange savings into liras, Erdoğan stated, “The best response would be converting dollars and save the honor of the Turkish lira.”Video: Erdoğan: Turkey will boycott US electronic productsCalling the latest financial pressures of Trump a “deep operation” Erdoğan said, “When we reach our targets in 2023, every Turkish citizen will be twice wealthy as they are now.”Stressing the importance of keeping a firm political stance, he said, “There is an open economic attack against Turkey. In the past, these kind of things were done more covertly and indirectlyThere are two things we can do: one is putting forth an economic and political stance.”“I am calling out to the business world. We will produce and export more. We will boycott U.S.’s electronic products,” Erdoğan conluded.Relations between Ankara and Washington have been rocky since the Trump administration imposed sanctions on Turkey’s interior and justice ministers last week after Ankara refused to release American Pastor Andrew Brunson, who faces terrorism-related charges in Turkey.Last Friday, President Donald Trump doubled tariffs on aluminum and steel imports from Turkey.Turkish President Recep Tayyip Erdoğan in his turn said Turkey would turn toward new markets, new partners and alternative financial tools.“If you pressure us through the dollar, we will look for other ways to carry out our works,” he said.Terming the recent U.S. tariffs on Turkey as an “economic war,” the Turkish president said: “We’ve seen your game and we challenge it.”The aim of the recent U.S. pressure is “to ensnare Turkey in every field from finance to politics,” the president noted.“We will not surrender,” Erdoğan asserted.Turkey takes high level security measures around US pastor Brunson’s houseTurkey-US relations: From visionary to myopicTurkey 'most suitable' for investment despite perception operations: FMErdoğan slams US for preferring terrorists as partner
Erdoğan says Turkey will boycott US electronic products