Turkey gambles in bid to rival China as a key supply chain node
By James M. Dorsey A projected sharp reduction in trade between the United States and China in the next two years coupled with moves to diversify supply chains potentially position Turkey alongside Vietnam, Mexico, Taiwan and Poland as competitors in efforts to reduce dependency on the People’s Republic, according to a just published study. The study, conducted by the Boston Consulting Group on behalf of the Turkey-US Business Council (TAIK), suggests that Turkey, located on a fault line that separates Europe from Asia, has prerequisites to emerge as a winner provided it invests in its digital, electronics and equipment sectors. TAIK is an affiliate of the Foreign Economic Relations Board of Turkey (DEIK), the country’s oldest and largest business association. The study identifies Africa as one region where the US and Turkish firms bring complimentary assets to the table. Turkey has in recent years significantly expanded its diplomatic, political, military, and economic f...