CURRENT STATUS AND FUTURE OF TURKEY'S ALGERIA FOREIGN TRADE AN ASSESSMENT

Abstract

The current foreign trade volume between Turkey and Algeria, which is Europe and China at the center of its foreign tradewhen evaluated; Food products of Algeria, which is an intensive export of natural gas and petroleum products,an intensive import of iron and iron products, cars, car parts and transport vehiclesexistence of the structure. State of foreign trade between Turkey and Algeria on the basis of these productsAs of 2016 figures, there is a foreign trade balance in favor of Turkey and this tradeIt is seen that the continuity of the agreements can be ensured. Foreign trade between the two countriesWhen evaluated comparatively, with Spain-Algeria foreign trade, which has a higher volume,It is seen that a similar foreign trade relationship exists between Turkey and Algeria. HoweverIn particular, oil and car trade increased the amount of Spain-Algeria foreign trade in terms of volume.is seen. Accordingly, the existence of a development trend in the Turkey-Algeria foreign trade relationship,The economic development programs that Algeria has put into practice as of 2017 are in agreement with all countries.It is seen that it differentiates the items in the list of needs in foreign trade and import products.The price experienced in the oil and natural gas markets by developing its industry and national productionForeign trade with Algeria, which is trying to be less affected by the fluctuations ofrelations on this basis, investments to be made in Algeria and bilateral import-exporta sustainable long-term relationship between Turkey and Algeria by mutually enhancing relations.It will be possible to establish a foreign trade structure. In addition, in the field of renewable energy sources,It is possible to invest in Algeria as well as to develop foreign trade practices in this area.available. In addition to these, the opening of the Turkish economy to North Africa through AlgeriaThe activities to be carried out in the direction of these two countries should also be taken into consideration in the formation of foreign trade.may have significant positive results.