02430nam a22003737u 4500 pwiiw7097 OSt 20260518120036.0 241217t2024 au ||||| |||| 00| ||eng d OSt eng F14 F50 F51 O10 O53 jelc Gökten, Meryem Turkey’s geo-economic shift: An opportunity to revitalise EU integration amid sanctions Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2024. 18 S., 4 Figures, 30cm. wiiw Policy Notes and Reports 90 Since the beginning of the war in Ukraine, Turkey has adeptly navigated a balancing act between Russia and the West, leveraging its position as a credible mediator. However, Turkey’s geo-economic vulnerabilities and strong economic ties with the West have made this approach untenable, especially given the recent escalation in pressure from the United States. As the US adopts a firmer stance and Turkey starts to distance itself from Russia, the implications for the European Union’s strategy towards Turkey become increasingly important, presenting an opportunity to revitalise relationships. However, relations may sour again owing to stalled progress in relations and ongoing regional instability. Turkey's vocal stance against Israel and the war in Gaza underlines its dissatisfaction with US and EU responses, but at present the country has only limited leverage to effect change. The EU needs to adopt a proactive stance towards Turkey, moving beyond waiting for a post-Erdoğan era, and establish new forms of engagement other than EU accession. A modernisation of EU-Turkey customs rules is long overdue and would benefit both sides. Given Turkey’s geopolitical significance and NATO membership, it is crucial for the EU to maintain relations with the country to prevent it from aligning more closely with Moscow and Beijing. Turkey EU foreign trade customs union sanctions investment European Union Russia Turkey US International Trade, Competitiveness and FDI Grieveson, Richard 90 WIIW0000092 wiiw Policy Notes and Reports https://wiiw.ac.at/p-7097.html P 9115 9115 0 0 0 0 BIB BIB 1 2024-12-17 pwiiw7097 0 90 1000010007097 2024-12-17 00:00:00 2025-04-07 P