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ARTICLE · 19 SEPTEMBER 2024

Stepwise Risk Outlook: What We're Watching Today, September 18, 2024

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The spokesperson for the Turkish ruling Justice and Development Party (AKP) has confirmed the submission of Turkey's application for membership in BRICS, an association of emerging economies dominated by Russia and China

ChinaEnergy and Natural Resources

Global: Turkey confirms aspiration to join BRICS, implications for future EU membership

The spokesperson for the Turkish ruling Justice and Development Party (AKP) has confirmed the submission of Turkey's application for membership in BRICS, an association of emerging economies dominated by Russia and China.

Our Take: Turkey's strategic orientation under Turkish President Erdoğan is neither East nor West, but Turkish. Perceived as taken for granted by NATO members, insufficiently supported by the US vis-à-vis the civil war in Syria, and with EU ascension talks effectively suspended since 2018, Ankara has adopted policies aligned with what Erdoğan judges to best serve the immediate interests of Turkey and his continued leadership. Thus, under Erdoğan, foreign policy is transactional. Erdoğan claims not to have abandoned EU membership; however, with alignment with EU's Common Foreign and Security Policy at a low of 7%, Erdoğan's actions are a far more useful

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