World stands united with Turkey against Trump’s economic war

Ersin Çelik
16:4515/08/2018, Wednesday
U: 15/08/2018, Wednesday
Yeni Şafak
File photo
File photo

Leaders from all five continents stand united with Turkey in the face of U.S. President Donald Trump’s tariffs and sanctions against Turkish ministers

Messages of support and solidarity with Ankara against Washington’s economic war continue to pour in from across the globe as leaders from all five continents stand united with Turkey in the face of U.S. President Donald Trump’s tariffs and sanctions against Turkish ministers under the pretext of Ankara’s ongoing arrest of U.S. pastor Andrew Brunson.


Message of support from Indonesia and Qatar

The Indonesian Council of Ulama on Wednesday expressed strong support for Turkey against the United States' recent economic attacks.

Head of the council's external affairs committee, Muhyiddin Junaidi expressed support for Turkey and President Recep Tayyip Erdoğan's stance against the U.S.

Stressing that the U.S. targeted Muslim countries and tried to curb Turkey's power in the region, Junaidi said that the Muslim world must use their own currency in trade among themselves against the U.S. dollar.

Qatari Emir Sheikh Tamim bin Hamad al-Thani will visit Turkey in what has been deemed by observers as a “show of support” for his close ally.

The emir "will discuss bilateral relations with the Turkish president and means of strengthening the existing strategic cooperation between the two countries in various fields," said a Qatar News Agency statement.


Individuals from across world heed Erdoğan’s call

A large number of initiatives were launched by individuals from across the world in response to President Erdoğan’s call to support the ailing lira.

Afghan, Sudanese and Somali nationals residing in the Swedish capital rushed to exchange offices to convert their krona to Turkish liras to help shore up Turkey’s national currency.

European bank remains committed to Turkey

The European Bank for Reconstruction and Development (EBRD) on Tuesday said it “remains committed” to Turkey, following the recent volatility in Turkish lira.

EBRD’s cumulative investment in Turkey has reached nearly 10.7 billion euros ($12.2 billion) with 271 projects in Turkey, according to the bank's website.

The EBRD is a leading investor in Turkey which was the biggest recipient of EBRD funds last year and has offices in Istanbul, Ankara and Gaziantep.

Global confidence about the future of Turkish economy

Stressing their confidence about the future of Turkish economy, Azerbaijan’s Foreign Ministry in a statement said, “Our country will continue to invest capital and take an active part in Turkey's economy”

"Azerbaijan, as always, will continue to support Turkish people and the state in all areas," it added.

On Monday, Lebanese businesspeople launched a solidarity campaign for the Turkish lira by offering discounts for customers making purchases in Turkish currency.

Expressing its solidarity, Pakistan reiterated its strong support for the Turkish people and nation on Monday.

“The people and the government of Pakistan reiterate their strong support for the government and the people of Turkey in their quest for peace and prosperity, and as always, will continue to stand by them towards the achievement of these shared goals,” a statement by the Pakistan’s Foreign Ministry said.

Italy could suffer same fate

Italy's Prime Ministry Undersecretary Giancarlo Giorgetti expressed Italy’s concern and said his country could face an economic attack similar to Turkey in August.

He stated that they were expecting a similar crisis by the end of August or beginning of September as market assaults were affected by small summer trading volumes.

#Turkey
#Tariffs
#Sanctions
#US
#World
#Economy
#Lira