Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Peace script by Turks  Join our daily free Newsletter

MENAFN - Khaleej Times - 05/04/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093500774 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093500774 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Khaleej Times) Turkey's Prime Minister Recep Tayyip Erdogan has taken on a daunting challenge. After participating in the nuclear-security summit in South Korea at the end of March, he went to Teheran to urge Iran's leaders to make a deal during the next round of nuclear talks between Iran and the United Nations Security Council's five permanent members (Britain, China, France, Russia, and the United States) plus Germany. And Erdogan will host those talks in Istanbul in mid-April.

Erdogan last travelled to Teheran in May 2010 to finalise an agreement that he had negotiated under which Iran was to send large quantities of its low-enriched uranium to Turkey in exchange for nuclear fuel for Iran's research reactor. The deal, mediated by Turkey and Brazil, was presented to the rest of the world as a groundbreaking confidence-building initiative.

But the US and its allies quickly rejected the agreement as an Iranian ploy designed to halt the growing momentum for additional sanctions. Turkey's insistence on pressing ahead with the deal caused tension with the US and fueled criticism at home and abroad that Erdogan's government was shifting away from its long-standing alliance with the West.

The memory of this short-lived crisis with the US is still fresh in Turkish government circles. So why, despite having burned his fingers two years ago, is Erdogan is taking up the issue again? What did he hope to accomplish in Teheran?

Much has changed in the Middle East during the past two years, and not to Turkey's advantage. As a result, Turkey is now seeking to contain a rapidly deteriorating regional security situation.

Events in Syria are forcing Turkish authorities to accept the harsh reality of the Assad regime's resilience " and now its hostility towards Turkey. Iraq, another of Turkey's neighbours, faces the risk of a protracted sectarian power struggle following withdrawal of US troops.

Given this, Turkey's main objective now is to prevent a military intervention against Iran. From Turkey's perspective, an Israeli or American strike against Iran's nuclear facilities would destabilise the region further, as Iran would undoubtedly retaliate by fueling sectarian tensions and undermining the prospects of a settlement in both Syria and Iraq.

Given this, Turkey wants to prolong, at all costs, the time available for diplomacy. But Erdogan's specific objective was more modest this time than it was in 2010, because Turkey does not want to play the role of mediator and will not seek to negotiate the details of an agreement.

Instead, Erdogan emphasised to his Iranian counterparts the international community's resolve to bring transparency to Iran's nuclear programme, and insisted on the importance of concrete progress in the next round of the nuclear talks. He warned that Iranian intransigence would doom the talks to failure, raising the prospects of yet another military confrontation in the Middle East.

In particular, Erdogan stressed the need for Iran to offer a gesture of goodwill about its nuclear programme. Paradoxically, however, Erdogan's task, while more modest than in 2010, is also more difficult, owing to the prospect of new sanctions on Iran, including a ban on oil exports, that are to enter into force in July. Advocates of sanctions argue that they are having a crippling effect on the Iranian economy. The value of the Iranian rial has fallen by 50 per cent against the US dollar since the beginning of the year, and the country is suffering from a severe shortage of foreign exchange. So now is not the time to pull back.

Moreover, US President Barack Obama, facing an election in November, does not wish to be accused of being soft on Iran, making it difficult for the West to reciprocate potential Iranian overtures.

Yet Erdogan's best ally in his risky gambit may be the US consumer. Faced with rising gasoline prices as a result of the ongoing crisis with Iran, Americans' concerns about the cost of driving have contributed to Obama's shaky popularity ratings. Thus, the Obama administration may find it more politically expedient to seek a deal with Iran. If Iran displays a real willingness to compromise, the West should hold off on the new sanctions.

It will soon become clear whether Erdogan's visit succeeds. If Iran decides to engage the international community with concrete confidence-building measures at the next round of multilateral talks, Erdogan will take much of the credit for giving diplomacy a last chance " and quite possibly for averting a disastrous military confrontation in the Middle East.

 






  MENA News Headlines
May 18 2013India Walmart lobby case 'closed' ,AFP
(MENAFN - AFP) India's investigation into whether Walmart may have bribed Indian officials to gain wider access to the country's vast market has been "closed" due to lack of evidence, a report said ...

May 18 2013Morocco to harness the wind in energy hunt ,AFP
(MENAFN - AFP) Morocco is ploughing ahead with a programme to boost wind energy production, particularly in the southern Tarfaya region, where Africa's largest wind farm is set to open in ...

May 18 2013Facebook exec says it's OK for women to cry at work ,AFP
(MENAFN - AFP) Facebook chief operating officer Sheryl Sandberg said in an interview published Saturday says it's ok for women to cry at work, share emotions and be honest about their ...

May 18 2013India could face junk status, S&P warns ,AFP
(MENAFN - AFP) India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, amid new threats to economic growth ...

May 18 2013Three new suicides at Apple supplier's China factory ,AFP
(MENAFN - AFP) Three Foxconn workers have committed suicide at a factory in China in the past three weeks, a labour rights group said on Saturday. All three jumped to their deaths at a plant in ...

May 18 2013Hong Kong launches first electric taxis ,AFP
(MENAFN - AFP) Hong Kong saw its first electric taxis hit the streets on Saturday in a step towards reducing the city's high levels of roadside pollution. The 45 bright red cars were launched by ...

May 18 2013New case of SARS-like virus in Saudi: ministry ,AFP
(MENAFN - AFP) A new case of the deadly coronavirus has been detected in Saudi Arabia where 15 people have already died after contracting it, the health ministry announced on Saturday on its ...

May 18 2013Despair over spread of spot-fixing 'cancer' ,AFP
(MENAFN - AFP) The arrest of three Indian cricketers for spot-fixing has prompted new fears over the growing influence of betting mafias on the game in the subcontinent and despair about the ...

May 18 2013China Provides Tunisia with A Grant Worth $13 Million ,Qatar News Agency
(MENAFN - Qatar News Agency) China offered Tunisia a grant worth nearly $13 million , about 20 million Tunisian Dinar, for developmental projects to be specified later, the Tunisian foreign ministry ...

May 18 2013Yahoo Japan suspects 22 million IDs stolen ,AFP
(MENAFN - AFP) Yahoo Japan Corp. has said it suspects up to 22 million user IDs may have been stolen during an unauthorised attempt to access the administrative system of its Yahoo! Japan ...

more...


 
MENAFN






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help