Socio-Economic Relations Between Turkiye And South Africa

Year 2023, Volume: 12 Issue: 2, 30 - 47, 23.02.2024

Halim Gençoğlu

https://doi.org/10.33722/afes.1349584

Abstract

Both South Africa and Turkey are important players in the global economy. South Africa is rich in minerals and resources, making mining a significant sector, while Turkey has a diverse economy with strong manufacturing and services industries. Both countries engage in international trade and have diplomatic ties with various nations. Turkey and South Africa maintain diplomatic relations that encompass political, economic, and cultural aspects. Both countries have embassies in each other’s capitals, facilitating communication and cooperation. Economic relations between Turkey and South Africa are notable, with trade and investment playing a significant role. Bilateral trade between Turkey and South Africa has been growing steadily over the years. The two countries engage in the exchange of various goods, including machinery, vehicles, textiles, and agricultural products. Both nations have sought to enhance economic cooperation through trade agreements and business delegations. In recent years, there have been discussions about further deepening economic ties. Efforts to boost trade and investment include exploring opportunities in sectors such as energy, infrastructure, and technology. Joint business forums and economic summits have been organized to foster closer economic collaboration. However, like any diplomatic relationships, there
may also be challenges and differences that both countries work through.

Keywords

Turkey, South Africa, Economic Relations, Mercantile ties, Africa

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