Oct 10 2018

Turkey a victim of global trade war, says AKP deputy chair

Turkey is the latest victim of the new financial world war which will eventually transform into a political clash, pro-government CNN Türk quoted Turkey's leading Justice and Development Party (AKP) deputy Chair Numan Kurtulmuş as saying on Wednesday.

‘’Today the world is on the brink of new tensions, clashes and polarisations. It seems as though the search for global peace during the 1990s has been shelved and the global system, along with all organisations and associations, have been rendered disfunctional,’’ Kurtulmuş said while speaking at a symposium held at Dicle University.

Kurtulmuş stressed that economic and trade wars are on the rise throughout the world with Turkey being on the receiving end of attacks.

‘’Currency attacks, which began after the June 24 [presidential and parliamentary] elections, are part of a threat against developing countries in particular... Through such attacks against Turkey, certain decision-making mechanisms in the United States are telling countries in the world to chose a side,’’ Kurtulmuş said.

U.S. sanctions and tariff hikes against Turkey over the ongoing detention of a U.S. pastor have led to the lira losing 40 percent value since the beginning of the year, triggering a larger financial crisis.

Turkish President Recep Tayyip Erdoğan has maintained the moves are part of a devious plan targeting the country and Turkey will find ways to work around its current currency crisis.