Erdogan: Turkey aims to enhance cooperation with BRICS

Erdogan: Turkey aims to enhance cooperation with BRICS

Turkey sees the 10th BRICS summit as an opportunity to develop cooperation in the field of economy, investment and development areas, Turkish President Recep Tayyip Erdogan said.

"We wish to conclude membership negotiations between our Treasury and Finance Ministry and BRICS' new development bank in a short term.," the Turkish president said at the summit in Johannesburg, South Africa.

He said that his country also aims to move forward the cooperation with BRICS in the field of energy.

According to Erdogan, Turkey and BRICS can develop institution-based cooperation.

"The present system satisfies no one, except the privileged few whose interests were guaranteed [under current system],"Anadolu Agency cited president Erdogan as saying.

He underlined that the world is facing a “troubled period” as the economic crisis has been repeating decennially, and people witnessed wars, terrorist acts and diseases. 

"It is not possible that this structure will remain unchanged," Erdogan added.

He stressed that there is a need to enhance cooperation between the OIC and the BRICS and that they can benefit from processes of south-south cooperation for a “fairer world.”

"I see a benefit to evaluate possibilities of cooperation between the Islamic Development Bank and BRICS' new development bank for supporting development efforts in Africa," he added.

He said they anticipated BRICS' demand to play a role in south-south cooperation and noted that Turkey is among the leading countries in official development assistance (ODA) field.

According to Edogan, Turkey also hosts over 4 million displaced people - mostly from Syria and Iraq - while several western countries condemn refugees by installing razor wires on borders.

He noted that Turkey has so far spent $32 billion on asylum seekers. "Our country also brought up a topic of development to the G20's agenda in the period of our term presidency in 2015. On 4 June, we opened the United Nations' Technology Bank dedicated to least developed countries," President Erdogan said.

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