2101 L Street, NW Suite 800 Washington, DC

+1 (202) 776-7770 [email protected]

TUSIAD Turkey Letter: 08 September 2014

This week:

Foreign Policy

  • Turkey, US discuss joint action against ISIL
  • U.S. President Obama Meets with Turkish President Erdogan during NATO Summit
  • Former Ambassador Wilson returns to Turkey as interim US chargé d’affaires
  • Turkey Struggles to Halt Islamic State ‘Jihadist Highway’
  • Turkey in missile talks with France after China disagreements: Erdogan

Economy and Energy

  • Turkish banking watchdog puts Bank Asya under scrutiny
  • Hopes of loose monetary policy in US lift Turkish stocks

Domestic Politics

  • TÜSİAD urges gov’t to make judicial reforms
  • Davutoğlu eyes long term prime ministry

FOREIGN POLICY

Turkey, US discuss joint action against ISIL
Turkey and the United States have launched talks to discuss potential ways of cooperating against the Islamic State of Iraq and the Levant (ISIL) following a proposal by Washington to form an anti-terror coalition against the rapidly expanding jihadists.
~~~
Hurriyet Daily News, September 8, 2014, Turkey, US discuss joint action against ISIL
U.S. President Obama Meets with Turkish President Erdogan during NATO Summit
The President met with Turkish President Erdogan today in Newport, Wales, where both leaders were attending the NATO Summit. They exchanged views on how best to cooperate in the struggle against ISIL and violent extremism in Iraq and Syria, and on the need for strengthened measures against foreign fighters transiting to and from the battlefield
~~~
White House Statement, September 5, 2014
Former Ambassador Wilson returns to Turkey as interim US chargé d’affaires
The United States has surprisingly decided to send its former ambassador to Turkey as chargé d’affaires to Ankara, four years after he retired from the Department of State. The decision comes due to the delay in the Senate’s confirmation of the ambassadorial nominee for the Turkish capital city.
~~~
Turkey Struggles to Halt Islamic State ‘Jihadist Highway’
Turkey is struggling to close a “jihadist highway” that lets foreign militants slip across its border into Syria, amid pressure from Western governments and mounting security fears at home.
~~~
Wall Street Journal, September 4, 2014, Turkey Struggles to Halt Islamic State ‘Jihadist Highway’
Turkey in missile talks with France after China disagreements: Erdogan
Turkish President Tayyip Erdogan said Turkey was in talks with France on the purchase of a long-range missile defense system after disagreements with China, which was originally awarded the tender.
~~~
ECONOMY & ENERGY

Turkish banking watchdog puts Bank Asya under scrutiny
Turkey’s banking watchdog will take a closer look at the operations of the Islamic lender Bank Asya, after talks with potential buyers failed to yield results.
~~~
Hurriyet Daily News, September 4, 2014, Turkish banking watchdog puts Bank Asya under scrutiny
Hopes of loose monetary policy in US lift Turkish stocks
Turkish equities firmed on the first day of the week, boosted by lower-than-expected U.S. jobs growth raising the prospect that interest rates in the world’s biggest economy would stay low for longer.
~~~
Hurriyet Daily News, September 8, 2014, Hopes of loose monetary policy in US lift Turkish stocks
DOMESTIC POLITICS

TÜSİAD urges gov’t to make judicial reforms
Turkey’s leading business club has drawn attention to the urgent need to write a brand-new civilian Constitution and make significant reforms in the judicial system. The group has also regretted the absence of fair representation in Parliament, which it says is vital for preserving stability in the country.
~~~
Hurriyet Daily News, September 4, 2014, TÜSİAD urges gov’t to make judicial reforms
Davutoğlu eyes long term prime ministry
Prime Minister Ahmet Davutoğlu has indicated he hopes that his ruling Justice and Development Party (AKP) will remain in power under his leadership until the centennial celebration for the foundation of the Republic of Turkey.
~~~
Hurriyet Daily News, September 8, 2014, Davutoğlu eyes long term prime ministry