Greek-Turkish trade up in 2021
Greek-Turkish trade relations improved in the January-September 2021 period totaling 4.0 billion Euros and returned to 2016 levels, the Greek-Turkish Chamber of Commerce said in a report on Thursday.
The Chamber said that, according to Hellenic Statistical Authority data, Greek exports to Turkey grew 39% in 2021 totaling 1.8 billion Euros, with Turkey ranking fifth in the list of the most popular destination of Greek products. Imports from Turkey grew 46% to reach 2.3 billion euros with Turkey ranking 8th among the country's suppliers.
The trade balance between the 2 countries remained in deficit for Greece. In 2020, Greek exports to Turkey totaled 1.3 billion Euros while imports reached 1.5 billion.
However, in related news, referring to Greece’s recent arms procurements, Turkish President Recep Tayyip Erdogan warned Thursday that, “Turkey will not sit and watch Greece strengthen, it will be shielded.”
In an interview with private television network NTV, he also said that no project can go ahead in the Eastern Mediterranean that does not include Turkey.
“We have stated it clearly. The EastMed pipeline project was not economically or technically viable… it was presented by Greece and the Greek Cypriots for reasons of political expediency,” he said, adding it was an empty plan that excluded Turkey and “the TRNC” (Turkish-occupied northern Cyprus).
“It is gratifying that the US has finally seen this reality,” he said.
Meanwhile, the Turkish Security Council, which convened under Erdogan Thursday, again called for the demilitarization of Greek islands, accusing Greece of violating international law and refusing dialogue.