Fundamental Analysis

Dutch investment in Turkey not at risk in diplomatic row: Ankara’s EU minister

New skyscrapers, in the background, under construction are pictured in Istanbul, Turkey April 10, 2015. REUTERS/Murad Sezer

By Orhan Coskun and Tulay Karadeniz

ANKARA (Reuters) – Dutch investment in Turkey is not at risk from the recent diplomatic row between the two countries, as Ankara’s ire is focused on the Dutch government, not its people or businesses, Turkey’s minister for EU Affairs told Reuters.

In an interview late on Tuesday, Omer Celik said he believed the time has come for Turkey to reassess its migration deal with the European Union, as it has become clear the bloc would not take a fair stance on its promise to grant Turks visa-free travel.

Turkey suspended high-level diplomatic relations with the Netherlands on Monday, banning the Dutch ambassador from the country and preventing diplomatic flights from landing in retaliation for the Dutch barring Ankara’s ministers from speaking to rallies of overseas Turks.

While one deputy prime minister has said that economic sanctions could be in the works, Celik said Ankara was making a call to businesses worldwide that Turkey was a safe country for investment.

“Dutch businessmen who invest, have businesses and create employment in Turkey are included in this (call). They are definitely not part of the crisis,” he said.

Asked if Dutch companies active in Turkey would be impacted by the row, Celik said: “The private sector, business world, tourists and the people of the Netherlands are not a part of the crisis.”

President Tayyip Erdogan is campaigning for support of an April 16 referendum on boosting his powers and has been looking to the large number of Turks living in Europe to help secure victory.

The Netherlands and Germany have barred the ministers, citing public safety. Turkish law forbids election campaigning abroad and in diplomatic missions, ministers are circumventing the ban by holding what they say are cultural events with Turkish citizens

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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