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Key Opposition Ruled Out of General Elections; Unions Call to Suspend UK FTA

TURKEY

LOCAL NEWS

  • Election authorities deem Ali Babacan's DEVA & Ahmet Devatoglu's Future Party ineligible for Turkey's upcoming general election, citing a lack of fulfilment of eligibility requirements.
    • Turkish law requires parties to have branches established in half of the 81 Turkish provinces and organised their congress at least 6 months before elections.
    • They can participate in the next 2023 elections if the criteria are met by then
  • Turkey MinFin dismisses two out of three of Albayrak's former deputies over the weekend - Osman Dincbas & Bulent Aksu, and appoints Former Foreign Min Sinirlioglu as his key advisor & envoy to the UN
  • UK & Turkish unions call for suspension of the UK-Turkey free trade agreement over concerns of poor treatment of Turkey's public employees & trade unionists.
    • This makes ~75% of Turkey's exports to the UK subject to tariffs, triggering losses of $2.4bn on agri & industrial goods included in the FTA
  • Presidential Spox says exploratory talks are an 'important step' in improving bilateral relations & the balance of power in the East Med. Says Turkey & EU are trying to stabilise the region and hopes for better relations with the US.
    • Says "we have started making contacts with our US counterparts" and that opportunities for cooperation would emerge
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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