Turkish rapprochement with West will be selective
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The West
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Significance The ‘exploratory’ meeting is the first between the NATO partners since 2016. It follows months of sabre-rattling in the Eastern Mediterranean, and takes place against the backdrop of other conciliatory signals Turkey has begun sending to the West and countries in its region. Impacts A recent law will bring home state-owned energy assets and subsidiaries abroad, in hopes of protecting against further Western sanctions. More stable and predictable policies towards the West and regionally could do much to boost investor sentiment and support the fragile lira. Domestic politics ahead of elections will make it very difficult to offer concessions on the Kurdish issue, at home or in Syria and Iraq.
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