EU Pressure on Turkey to Avoid BRICS: What is going on?

The European Union (EU) is accelerating efforts to enhance its relations with Turkey, with a focus on strengthening trade ties in 2024. This comes despite Turkey’s growing interest in BRICS a group it views as a strategic alternative due to frustration over stagnant progress with Brussels. Why does Turkey want to join BRICS? Economically, BRICS membership could open new markets for Turkish products and services. The bloc represents around 40% of the world’s population and a significant portion of global GDP, offering vast opportunities for trade expansion. Additionally, Turkey could benefit from increased investment flows and technology transfers from BRICS countries, particularly China and Russia. These partnerships could bolster Turkey’s technological capabilities and infrastructure development, which are crucial for its economic growth. Moreover, BRICS is working towards reducing reliance on the US dollar by promoting local currency transactions and creating a new reserve currency. Th