Despite Political Tensions, Economic Ties Strengthen Between Germany and Turkey
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Despite political tensions, economic ties between Germany and Turkey are improving, with Germany being Turkey's top trade partner.
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Turkey wants to modernize the 25-year-old customs union with the EU to boost trade, hoping Germany can help push this forward.
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Over 8,000 German companies operate in Turkey, investing over €11.5 billion since 2002. New partnerships are emerging around renewables.
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Turkey suffers from not being included in EU free trade deals. It wants a say at the negotiating table as a customs union member.
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Turkey's economy still faces challenges like high inflation and a falling currency. An expert appointed to fix this has so far struggled to restore confidence.