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DIPLOMACY

BRICS brings together the oppressed countries, says expert

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Established in 2006, BRIC initially comprised Brazil, Russia, India, and China. The inaugural summit took place in Russia in 2009, and the organization evolved into BRICS in 2010 upon South Africa’s inclusion. The 15th BRICS Leaders Summit, held this year in Johannesburg, South Africa, marked a historic milestone as the organization embarked on a transformative journey.

During the summit, hosted by South African President Cyril Ramaphosa, a significant decision was made to expand the organization’s scope. In a proactive move, BRICS invited Iran, Saudi Arabia, the United Arab Emirates (UAE), Egypt, Ethiopia, and Argentina to join its ranks starting from early 2024.

President Xi Jinping of the People’s Republic of China hailed this expansion as a catalyst for renewed collaborative efforts. He underscored the global influence and shared responsibilities of BRICS nations.

Russian President Vladimir Putin, absent from the summit due to an international arrest warrant, expressed his gratitude to Ramaphosa for championing this expansion. Putin remarked, “The deliberate and irreversible shift away from reliance on the US dollar in our economic interactions is gaining momentum.”

At the Johannesburg summit, Brazilian President Luiz Inacio Lula Silva advocated for the adoption of a common currency to mitigate vulnerabilities tied to the dollar exchange rate.

Antecedent to the Johannesburg gathering, more than 40 nations demonstrated interest in joining BRICS, with 23 countries formalizing their applications.

The existing BRICS members collectively account for 40 percent of the global population. In contrast to the early 2000s when they represented 7,7 percent of the global GDP, their current share exceeds 25 percent. Anticipating an augmented influence with new entrants, projections indicate this share could reach around 30 percent.

Prof. Dr. Coşkun Küçüközmen, a faculty member at Izmir University of Economics, offered insights into BRICS’ expansion on the Harici YouTube channel. He observed that BRICS encompasses states desiring a shift from the prevailing global system and those adversely impacted by it.

‘The convergence of contrasts and victims within BRICS’

“At first glance, their intention is to establish a counterbalance to Western dominance. They believe that having a voice in global trade necessitates a presence in global politics.”

Küçüközmen highlighted that certain recent entrants to the group grapple with substantial challenges, stating, “They are bound by the USD, subject to sanctions, hindered in dollar transactions, and they perceive themselves as victims.”

Additionally, Prof. Dr. Küçüközmen highlighted BRICS’ role in aligning opposing poles, remarking, “BRICS accommodates even countries at odds, such as China and India. Today, the alignment of China and India on any issue would be an apprehensive prospect for the Western world. An amicable relationship between India and China would significantly reshape the global power dynamics.”

While advocating for a multipolar world based on rationality, Küçüközmen cautioned against confrontational tendencies, emphasizing that such a trajectory could trigger a catastrophic scenario like the collapse of the global financial framework.

Prof. Dr. Coşkun Küçüközmen emphasized that Turkey, as a nation that remarkably founded a republic in the early 20th century, “cannot afford to position itself as a victim.” According to him, Turkey, resurrected under Atatürk’s leadership from what seemed like extinction within five years, possesses the potential to lead and influence. “Had Turkey harnessed its human and material resources to the fullest, it could be standing at the core of BRICS, with these nations rallying around it…”

Küçüközmen urged Turkey to honor its foundational values and ascertain its rightful place in the global landscape by asking, “Where do we belong?”

DIPLOMACY

TÜDAV proposes Aegean cooperation between Türkiye and Greece

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As a result of the Athens Declaration on Friendly Relations and Good Neighborhood signed between Mitsotakis and President Erdoğan during his last visit to Greece, both sides declared that they were determined to maintain friendly relations and peaceful coexistence.

During President Recep Tayyip Erdoğan’s last visit to Athens, the stage was set for a crucial dialogue aimed at thawing the frosty relations between Türkiye and Greece. In a recent follow-up meeting in Ankara, Erdoğan and Greek Prime Minister Kyriakos Mitsotakis continue their discussions, focusing on enhancing bilateral cooperation, particularly in the strategic and often contentious Aegean Sea. This series of high-level talks marks a significant effort by both nations to bridge divides, address longstanding disputes, and promote regional stability through collaborative initiatives in the Aegean, heralding a new era of cooperation between the two neighboring countries.

However, previously both sides also gave the message that it was not possible to expect the controversial issues between the two countries to be resolved in a short time. Finally, Greece announced that it would declare 2 marine parks, one in the Ionian Sea and the other in the Sea of Islands, in order to protect biodiversity and marine ecology within the scope of the 9th Our Ocean Conference (OOC) held in Athens on 16-17 April.

In line with these efforts, the Turkish Marine Research Foundation (TÜDAV) has proposed that both countries work together to establish marine parks in the Aegean Sea. This policy recommendation aims to not only protect the rich biodiversity of the region but also to strengthen environmental and scientific collaboration between Türkiye and Greece, setting a precedent for cooperative governance of shared marine resources.

In its statement on the subject, TÜDAV argued that Türkiye and Greece should cooperate to protect the Aegean Sea. TÜDAV scientists stated that cooperation is needed to primarily protect the four conservation or marine park areas proposed in the Aegean Sea, emphasizing that the Aegean Sea is a sea whose biodiversity has been under threat recently due to factors such as pollution, overfishing, alien species and climate change. Prof. Öztürk believes that Türkiye and Greece, two countries with mutual coasts, should cooperate.

Reminding that the two countries signed a cooperation agreement on environmental problems in 2000, within the framework of bilateral cooperation studies that started in 1988, TUDAV proposes four marine protected areas in the Aegean Sea and proposes cooperation for the declaration of these areas and the establishment of a joint working group on this issue.

Map 1. Areas in the Aegean Sea that are proposed to be jointly declared as marine protected areas or marine parks by the two countries

Stating that according to the Protocol on Specially Protected Areas and Biological Diversity in the Mediterranean of the Barcelona Convention, to which both countries are parties, the parties should call for cooperation before one of the two coastal countries declares a protected area, TÜDAV points out that the two countries have the legal basis for cooperation.

TÜDAV Chairman of the Board and Istanbul University Faculty of Aquatic Sciences Faculty Member Prof. Dr. Bayram Öztürk said, “Sincere cooperation on marine protection in the Aegean Open Sea will benefit both nations. In this way, 30% protection of coasts and seas can be achieved by 2030. In 2013, Türkiye declared an area larger than the island of Cyprus, the Finike Submarine Mountains region, as a protected area. This area is the only open sea protected area in the Eastern Mediterranean and efforts are made to protect approximately 40 marine species. “The same thing can be done jointly in the Aegean Sea.” he said. Öztürk underlined that the Aegean Sea does not belong to a single country and said that cooperation should be made to protect biological diversity and living resources.

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US overtakes China as Germany’s biggest trading partner

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The United States overtook China as Germany’s most important trading partner in the first quarter of this year, according to Reuters calculations based on official data from the Federal Statistical Office.

According to the data, Germany’s trade with the United States, the sum of exports and imports, totalled 63 billion euros ($68 billion) in the January-March period, while the figure for China was just under 60 billion euros.

With a volume of 253 billion euros, China was Germany’s largest trading partner for the eighth time in a row, a few hundred million dollars ahead of the US.

“While German exports to the US continued to rise due to the strong economy there, both exports to and imports from China fell,” said Commerzbank economist Vincent Stamer, explaining the change in the first quarter.

“China has moved up the value chain and is increasingly producing more complex goods itself, which it used to import from Germany. German companies are also increasingly producing locally instead of exporting goods from Germany to China,” Stamer said.

Germany has said it wants to reduce its trade with China, citing political differences and accusing Beijing of “unfair practices”. But Berlin has yet to take any major steps towards a policy of reducing dependency.

German imports of goods from China fell by almost 12 per cent in the first quarter from a year earlier, while German exports to China fell by just over 1 per cent, according to Juergen Matthes of the German economic institute IW.

“The fact that the US economy exceeded expectations, while the Chinese economy performed worse than many had hoped, probably contributed to this,” Matthes said.

Sales to the US currently account for around 10 percent of German goods exports. China’s share, on the other hand, has fallen below 6 per cent, Matthes said.

On the other hand, Dirk Jandura, head of the BGA trade association, said: “If the White House administration changes after the US elections in November and moves further in the direction of closing markets, this process could come to a standstill,” pointing out that the trend of Germany’s trade route shifting across the Atlantic could stop.

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BOTAŞ signs LNG deal with ExxonMobil

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Turkey’s Energy Minister Alparslan Bayraktar said state-owned gas network operator BOTAŞ signed an LNG trade agreement with ExxonMobil on Wednesday in a bid to diversify its sources.

Bayraktar said in a statement on social media platform X: “The US is one of the important countries from which we already receive LNG. With this agreement, which is intended to be long-term, we will take another step towards diversifying our resources,” Bayraktar said, adding that the agreement was signed in Washington.

Noting that Turkey is among the few countries in the world with its gasification capacity, the minister said, “We will continue to contribute to the energy security of our country and our region.

Bayraktar gave no further details of the deal. The energy ministry did not respond to a Reuters request for comment.

In an interview with the Financial Times in late April, Bayraktar said Turkey wanted to “build a new supply portfolio” in energy procurement and said it was in talks with US fossil fuel giant Exxon Mobil for 2.5 million tonnes of liquefied natural gas (LNG) worth about $1.1 billion.

Bayraktar said Turkey was also in talks with other US natural gas producers for LNG deals, stressing that Turkey wanted to “diversify” its natural gas supplies before some of its contracts with Russia expire in 2025 and with Iran in 2026.

In addition to Russia, Azerbaijan and Iran, Turkey imports LNG from Algeria, Qatar, the US and Nigeria.

Russia is the country’s largest gas supplier. Last year, more than 40 per cent of its consumption was met with gas from that country.

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