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Turkey saying goodbye to Egyptian market?

Türkiye Materials 30 October 2014 11:48 (UTC +04:00)
In the history between Turkey and Egypt, their bilateral relations peaked when Egypt was ruled by the government of the Muslim Brotherhood
Turkey saying goodbye to Egyptian market?

Baku, Azerbaijan, Oct.30

By Rufiz Hafizoglu - Trend:

In the history between Turkey and Egypt, their bilateral relations peaked when Egypt was ruled by the government of the Muslim Brotherhood.

Indeed, Turkey provided considerable support to the government of the Muslim Brotherhood under Mohammed Morsi.

Despite the fact that the Muslim Brotherhood had definite political experience, they benefited from the experience of the Turkish Justice and Development Party in creating the Freedom and Justice Party in Egypt. However, not only is political experience essential for governance but also the trained personnel.

The Muslim Brotherhood, which continued to function despite political repression during the 30-year rule of Hosni Mubarak, had serious problems with the staff in the area of ​​political governance.

One time it was even reported that two-thirds of the government of Prime Minister Hesham Qandil constituted the staff of Hosni Mubarak.

When the Muslim Brotherhood came to power in Egypt, the former Turkish intelligence analyst Mahir Kaynak told Trend that senior military officials of the country would never relinquish power and intended to capture it at the first opportunity.

The world's attitude to the "foreseeable" military coup that toppled the government of the Muslim in Egypt was ambiguous. And Turkey criticized the subsequently installed government most rigorously.

The Turkish government has aimed their accusations at President Abdel Fattah el-Sisi because he came to power by the military coup. Egypt, in turn, makes ​​a number of allegations against Ankara.

"The cold war" between Ankara and Cairo continues. On October 28 this year, the Egyptian government canceled all economic agreements with Turkey, that were signed in 2012. However, the Ministry of Trade and Industry of Egypt then denied the information on cancellation.

Taking into account the current state of Egypt's economy, even despite the cooling of relations between the two countries, the revocation of 27 contracts with Ankara does not bode well for Cairo.

The contracts signed between Turkey and Egypt in 2012 were associated with the development of modern transport system (railways and maritime shipping), consumer rights protection, control of the market, development of customs, civil aviation, agriculture, animal husbandry, health care, population employment, urban planning and other areas. In addition, the Turkish Eximbank (Export Credit Bank of Turkey) and the Central Bank of Egypt concluded loan agreements.

Although Morsi's Muslim Brotherhood is considered the common enemy of the current political forces of Egypt, it should be recognized that the most significant contracts that would have been able to revive the economy of Egypt, were signed during the period of their rule.

And although the serious progress in the bilateral relations between Ankara and Cairo is not expected in the near future, the cancellation of economic agreements between the two countries is absolutely unrealistic.

Rufiz Hafizoglu is the head of the Trend Arabic News Service

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