Breakingviews - A post-Erdogan Turkey could come in from the cold

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Breakingviews - A post-Erdogan Turkey could come in from the cold
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Investors shunned Turkey as President Erdogan let inflation rip. He strained relations with the West by cozying up to Putin and did too little on climate change. An opposition win in coming elections could change all that, writes Hugodixon

Turkey will not join the EU, its largest trade partner, any time soon. The main prize, rather, is to modernise its customs union with the bloc. Member statesto push this forward because they were unhappy with Erdogan’s growing autocracy, but should be willing to start again with a new government.

Ülgen says the opposition would probably introduce carbon pricing similar to that being introduced in the EU. Turkey could then avoid the carbon tariffs the EU is planning to impose on imports. An expanded customs deal would attract foreign investment even before it took effect.

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