German exports to Turkey grow despite political tension
German exports to Turkey grow despite political tension2018-02-26
Exports to Turkey covered by a German government credit guarantee, called âHermesâ, increased by a third between 2016 and 2017, reaching nearly 1.5 billion euros, according to a report in Deutsche Welle.
The increase comes despite the German government capping the volume of trade with Turkey it guarantees under "Hermes" at 1.5 billion euros in September last year as political tensions increased between the two countries.
However, German Left Party MP Aleksander Neu said âPutting a limit on the âHermesâ credit guarantee is not a sanction. The coalition government does not want to see trade between Turkey and Germany harmed.â
In March last year Turkish President Recep Tayyip ErdoÄan accused the German government of âNazi practicesâ after they prevented politicians from Turkeyâs ruling Justice and Development Party (AKP) from holding campaign rallies in Germany, which has a large Turkish population.
Turkeyâs detention of Deniz YÃ¼cel, a German journalist on accusations of espionage, for more than year until his release on Feb. 16th, also contributed to strained relations.Text
https://ahvalnews.com/tr/turkiye-almanya/krize-ragmen-almanyanin-turkiyâ¦Krize raÄmen: Almanya'nÄ±n TÃ¼rkiye'ye ihracatÄ± artÄ±Å gÃ¶sterdi | Ahval Democracy all but disappeared in Turkey â" Meral AkÅener U.S.-Turkey diplomacy a âgood startâ towards Manbij resolutionSource: Google News Turkey | Netizen 24 Turkey