How is Turkish trade with China going?
Mr.
Wang Yi, Minister of Foreign Affairs of the People's Republic of
China, came to Turkey early last the week. According to the protocol,
he first met with Turkish Foreign Affairs Minister, then the Prime
Minister and then he visited Presidential Palace for courtesy. In
order to clarify the main objective of his official visit, the
Chinese Foreign Minister Wang Yi, then had a long meeting with the
Turkish Minister of Energy and Natural Resources on November
14, 2016 in Ankara.
Commenting
on the Chinese news agency website (turkish.cri.cn), as well as in
China MFA official web page ( http://www.fmprc.gov.cn/), Chinese FM
Wang Yi positively assessed the development of China-Turkey
relations, saying that bilateral cooperation in economy and trade,
security and combating terrorism are two important areas of bilateral
relations. (We understand that there are serious concerns of the
Chinese side on line-by-line interpretation, on security and
terrorism).
Wang
Yi furthermore pointed out that China is ready to deepen cooperation
in security and terrorism struggle in order to advance cooperation in
economic and trade areas in line with the consensus reached between
the presidents of the two countries. In the eradication of the root
of terrorist forces such as the East Turkestan Islamic Movement
(Chinese people say not to support them in diplomatic language)
Ankara confirmed to continue its support to China. (China's concerns
have been voiced again).
Turkish
Minister said that Turkey-China relations had entered a new turn.
Expressing great importance in cooperating with China, Turkish
Minister stressed that Turkey will not allow any action that harms
the security and stability of China and Turkey will continue to
create better conditions for the development of cooperative relations
in various fields. (Turkey is giving them the necessary guarantees).
We
all know that there are financial difficulties of Chinese firms
working in Turkey in the construction of thermal power plants. The
risks posed by stopping imported coal plants due to cost over market
prices, and the serious concerns of Bank of China's credibility
rating for Turkey. We all understand that if China asks to be excused
to pause to work in the market. The development status of thermal
power plants currently under construction would be "on hold"
, which may remain frozen for a while. Soured relations after the
suspension of missile procurement, it was difficult to get a visa for
the Turkish exporters, and they were subjected to unnecessary
questioning when entering China.
According
to experts of foreign trade, there is a huge imbalance in bilateral
trade with China. With China in 2015, Turkey exported 2 billion US
dollars, and imported 20 billion US dollars. The largest scope of
Chinese export, covers the thermal power plant equipment supply by
the Chinese at cheap prices. At present, the majority of
domestic-imported coal-fired power plants, except for Tufanbeyli (SK
Korea), are being built by Chinese suppliers at ultra cheap prices.
However their quality, proper acceptance tests, compliance with the
international norms and long life time expectations are questionable.
---
Haluk
Direskeneli, is a graduate of METU Mechanical Engineering department
(1973). He worked in public, private enterprises, USA Turkish JV
companies (B&W, CSWI, AEP), in fabrication, basic and detail
design, marketing, sales and project management of thermal power
plants. He is currently working as freelance consultant/ energy
analyst with thermal power plants basic/ detail design software
expertise for private engineering companies, investors, universities
and research institutions. He is a member of ODTÜ Alumni and Chamber
of Turkish Mechanical Engineers Energy Working Group.
This
article is written for the "EurasiaReview" news web site.
Prinkipo,
November 20, 2016
posted by yuvakuran at 7:37 AM
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