Page 17 - TURKRptSep21

cheap food. Its appeal stems from its affordability.”
665,000 South Korean “K-beauty” (a new Korean fashion after “K-pop” and “K-drama”) cosmetics items were sold on Turkey’s leading e-commerce platform Trendyol, controlled by China’s Alibaba, in 2020, up from 135,000 in 2019. “K-beauty” brands present in Turkey include Cosrx, Missha, Klairs and Axis-Y.
2.10 Politics - shorts
Erdogan, man of dizzying U-turns: Erdogan hosted UAE National Security Adviser Sheikh Tahnoun bin Zayed, brother of the crown prince MbZ, at his palace in Ankara.
Thanoun is chairman of IHC, which in recent months has become Abu Dhabi's most valuable stock on the bourse.
A source familiar with the matter in Istanbul was cited by Reuters as saying IHC is looking for minority stakes in several companies and searching for some mid-size deals in several sectors.
“Turkey has one of the biggest food processing facilities,” IHC CEO said.
Erdogan said he hoped to hold talks with the UAE's de facto ruler, Abu Dhabi Crown Prince Mohammed bin Zayed MbZ, about closer economic ties.
Saudi Arabia’s imports from Turkey fell to a historic low in June amid an unofficial boycott despite recent efforts to mend strained ties between Ankara and Riyadh.
Saudi Arabia’s imports from Turkey in June reportedly fell to as low as 5.7mn riyal ($1.52mn). That compared to 21.8mn riyal in May and 712.4mn riyal in June last year.
To circumvent the unofficial blockade by Saudi Arabia, some Turkish exporters have been rerouting food, clothing and other goods.
Tunisia wants to urgently review its trade agreement with Turkey. Recently, the Justice and Development Party (JDP) in Tunisia, the Tunisian version of the AKP, was overthrown from the government by the Tunisian president. It is seen another blow to the Muslim Brotherhood governments in the MENA region.
Nabil Arfaoui, director of cooperation with Europe at the Tunisian trade ministry, said that negotiations with Turkey could lead to the amending of the agreement or even the cancelling of it.
Tunisia's trade deficit by the end of July had risen to 8.7bn dinars ($3.09bn) from 7.5bn a year ago. The North African country's trade deficit with Turkey amounted to $900mn, which represented the third largest trade gap for Tunisia after those in relation to China and Italy.
Saida Hachicha, head of trade and economic cooperation for Tunisia, said it was likely that the meeting with Turkey would be held in September.
17 TURKEY Country Report September 2021 www.intellinews.com