Erdogan: Türkiye Not Expecting Negative Trade, Export Situation After Tariffs 

Containers ship Hornise sails across the Bosphorus strait, on its way from China's Jingtang port to Russia's Novorossiysk port, in Istanbul, Türkiye, Tuesday, April 8, 2025. (AP)
Containers ship Hornise sails across the Bosphorus strait, on its way from China's Jingtang port to Russia's Novorossiysk port, in Istanbul, Türkiye, Tuesday, April 8, 2025. (AP)
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Erdogan: Türkiye Not Expecting Negative Trade, Export Situation After Tariffs 

Containers ship Hornise sails across the Bosphorus strait, on its way from China's Jingtang port to Russia's Novorossiysk port, in Istanbul, Türkiye, Tuesday, April 8, 2025. (AP)
Containers ship Hornise sails across the Bosphorus strait, on its way from China's Jingtang port to Russia's Novorossiysk port, in Istanbul, Türkiye, Tuesday, April 8, 2025. (AP)

President Recep Tayyip Erdogan said that Türkiye is not expecting a negative situation for its trade, production and exports as a result of US President Donald Trump's tariffs, which went into effect on Wednesday.

Türkiye is among the economies that escaped with the lowest "reciprocal" US tariff of 10% and is viewed as being among a handful of countries emerging as potential winners.

In a speech to his ruling AK Party lawmakers, Erdogan said Türkiye’s economic program had made it resilient to external shocks and that it expected stronger economic growth in the medium to long term compared to peer countries.

"There is serious uncertainty in the world, but there is a strong economic program that illuminates Türkiye’s path," Erdogan said. "We think that we will overcome this period more easily than many countries since we are one of the low-tariff countries."

He added that Türkiye’s disinflation process was continuing and that the spending discipline and savings measures which the government initiated last year will continue this year.

Türkiye, whose iron, steel and aluminium exports took a hit from earlier US tariffs, now stands to benefit as other global traders endure even higher levies.



EU Says Ready to Resume Free Trade Talks with Gulf

Chair of the European Parliament’s Foreign Affairs Committee David McAllister. (European Parliament)
Chair of the European Parliament’s Foreign Affairs Committee David McAllister. (European Parliament)
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EU Says Ready to Resume Free Trade Talks with Gulf

Chair of the European Parliament’s Foreign Affairs Committee David McAllister. (European Parliament)
Chair of the European Parliament’s Foreign Affairs Committee David McAllister. (European Parliament)

Chair of the European Parliament’s Foreign Affairs Committee David McAllister said the European Union is ready to resume free trade negotiations with the countries of the Gulf Cooperation Council (GCC).

In an interview to Asharq Al-Awsat, he said Europe, along with the rest of the world, was shocked by US President Donald Trump’s 20% tariffs on European imports.

He stressed that the partnership with Saudi Arabia was stronger than ever, noting that the European Parliament is seeking to elevate ties to the level of strategic partnership agreement in various fields.

McAllister stressed that Saudi Arabia is a main bilateral and regional partner to the EU in the Gulf region and beyond.

The partnership is stronger than ever, he stated, while hailing Saudi Arabia’s growing regional and international diplomatic role.

He also noted untapped potential in bilateral relations between the EU and the Kingdom.

The European Parliament supports the development of the relationship towards the level of strategic partnership, he added. This will provide a binding political and legal framework to bolster cooperation between the EU and Saudi Arabia in several fields beyond the economy.

The European Commission agreed on April 1 to launch negotiations and the issue is awaiting approval from the parliament to officially kick them off.

On Saudi Arabia’s diplomatic role, McAllister described Riyadh as a main player in the region.

On its position on Gaza, he underscored the Saudi leadership’s participation in the international coalition for the implementation of the two-state solution and its support for the Arab recovery and reconstruction plan.

He also highlighted Saudi Arabia’s constructive role in backing the reconstruction of Syria after the ouster of President Bashar al-Assad. He also noted its role in facilitating talks between Lebanon and Syria in resolving border issues.

Moreover, McAllister said Saudi Arabia played a successful role in achieving a ceasefire in Yemen and it recently hosted complex negotiations between the United States and Russia.

The official expressed Europe’s appreciation for the hosting of the negotiations, saying, however, that it is important for Ukraine to be present at ceasefire talks because its future is at stake. The EU must also be present because peace in Ukraine also affects it.

Asked about Saudi Arabia’s Vision 2030, McAllister said Brussels believes it has promising opportunities to explore in the Kingdom.

The EU appreciates the ambitious economic goals set by Vision 2030 and that aim to diversify the economy and ease the reliance on oil and gas, he went on to say.

He said opportunities for cooperation were available and they can pave the way for the establishment of a strategic partnership agreement and a platform for high-level bilateral cooperation in various fields, such as trade, innovation, energy, security and others.

He added that the EU welcomes the shift towards modernization set out by Vision 2030, while also understanding the challenges related to it.

The EU is ready to support Saudi Arabia’s economic and environment projects, McAllister stressed.

On the free trade talks, he said the EU is ready to resume negotiations with the GCC.

The EU is committed to bolstering bilateral ties with the Gulf to meet the commitments set out during the EU-Gulf meeting in October, he stressed.

The work program reached during the meeting covered security, climate, communications and trade.

McAllister stressed that Europe supports the signing of an ambitious free trade agreement that would help in achieving Vision 2030.

He pointed to negotiations that have been kicked off with the United Arab Emirates to reach a bilateral free trade agreement.

A free trade agreement with the Gulf will be very beneficial, he stressed. Long discussions to that end have been held, but the world has become more complicated and unpredictable, he said.

Asked about when Saudi citizens will be relieved of the Schengen visa requirement, McAllister replied that he understands that this is important to them, adding however, that the issue is complicated and hinges on the adoption of a new European strategy and the approval of all members.