(MENAFNEditorial)
On the whole Turkey is one of the more stable countries in the Near East region. That said the instability in its surrounding neighbourhood is affecting Turkey's regional interests. We believe that international dynamics are bringing Turkey to roll back somewhat its Syrian policy notably through modification of its previous support of extremist groups in the region. Turkey is continuing its efforts to boost its indigenous defence production capacity are continuing via investments joint ventures with international companies. From our perspective Turkey could serve as a potential market to opt for cheaper offshore production processes although caution is necessary.
In 2014 we forecast that Ankara will spend up to USD14.5bn on defence which is a noticeable reduction from the USD15.6bn that it spent on defence in 2013. On 1 August Turkey's Defence Minister announced that Turkey aims to reach $1.6 billion in exports for 2014 and an ambitious $25 billion by 2023.
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The Turkish government continues to feel the spill over from Syria's civil war. While articulating earlier in the year its resolve to resist any threats against its territory or interests by the Syrian government BMI thinks that Turkey may now begin to silence its anti-Assad rhetoric as attention shifts from Assad to the Islamic State (IS). At the same time we think that the government will leave its Air Force and Army in alert stage to defend against any potential conventional military threats that may emerge from Syria. The BMI view is also that Turkey needs to be on full guard against moves by Syria's Kurds towards independence. We think that it is in Turkey's own territorial interests to resolve the conflict with its Kurdish population.
Turkey is continuing its efforts to boost its indigenous defence production capacity via investments joint ventures with international companies. This last quarter Turkey's Under-Secretary for Defence Industries has signed a letter of intention...
The Turkey Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security the defence industry military expenditure employment in arms production and arms imports and exports as well as examining industry trends and prospects national and multinational arms producers and the regulatory environment.
BMI's Turkey Defence & Security Report provides professionals consultancies government departments regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Turkish defence and security industry.
Key Benefits
* Benchmark BMI's independent defence and security industry forecasts on Turkey to test other views - a key input for successful budgetary and strategic business planning in the Turkish defence and security market.
* Target business opportunities and risks in the Asia defence and security sector through reviews of latest industry trends regulatory changes and major deals projects and investments in Asia.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
Global and Regional Political Outlooks
A strategic overview of the world's major political risks identifying countries facing leadership successions and nations at risk of upheaval inter-state conflict or separatism and insurgencies plus a summary of the world's 'wild card' low-probability high-impact risks.
SWOT Analysis
Snapshot evaluation of the major issues affecting the defence and security sectors economy and politics with issues subdivided into 'Strengths' 'Weaknesses' 'Opportunities' and 'Threats'.
Political Risk Assessment
Drawing on BMI's heritage of more than 25 years of Country Risk analysis this comprehensively evaluates the key risks to domestic politics and foreign relations focusing on issues most likely to affect either domestic security or the defence sector.
Security Risk Analysis
BMI's proprietary Security Risk Rankings provide a reliable - and country comparable - guide to conflict terrorism and criminal risk backed up by our analyst's latest assessment of each component. Furthermore drawing on our country risk expertise we assess the state's vulnerability to a serious - or prolonged - terrorist campaign.
Armed Forces Spending/Expenditure
The reports contain a detailed breakdown of areas of expenditure by the armed forces these include spending on international deployments WMDs and missile defence systems as well as individual breakdowns of the cost-per-soldier.
Domestic Security Overview
The domestic security overview lists the various potential internal security threats facing a country ranging from internal security issues such as terrorism cyber terrorism crime and drugs to external security issues including general defence procedures and potential threats from specific countries.
BMI Industry Forecast Scenario
Historic data series and forecasts to end-2018 for key industry indicators supported by explicit assumptions plus analysis of key downside risks to the main forecast.
Budgets & Expenditure: Defence expenditure (local currency and US$bn); defence expenditure (% of total budget); defence expenditure (% of GDP); defence expenditure per capita US$; defence budget (local currency and US$bn).
Employment: Employment in arms production (`000s); employment in arms production (% of labour force).
Macroeconomic: BMI's forecasts and analysis of all headline macroeconomic indicators including real GDP growth inflation fiscal balance trade balance current account and external debt.
Company Profiles
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