The Assessment of Economic Relations over Energy Sector Between After Independence of Caspian Region Countries and Turkey

Emre ATSAN Erdem Utku EKE

Fiscaoeconomia, 2018, issue 3

Abstract: The independent Turkic Republics in the Caspian region after their independence, begin rapidly to integrate into the world economy, have sought to make good use of their energy potential. In this framework new energy transmission lines have become the most important projects for the countries in the region. Besides their cultural ties to Turkey from the past, along the effect of the present conjuncture, there is a close association with Turkey and the countries of the Caspian region. Especially in the energy sector, cooperation with Azerbaijan, Kazakhstan and Turkmenistan has become compulsory in terms of energy need beyond cultural convergence. In terms of commercial relations, Russia has understand the importance of energy sector in advance of the others and established the "Eurasian Economic Union" which includes Kazakhstan. By the help of "Eurasian Economic Union” Russia develop trade relations more rapidly than Turkey. In this study, the relations of the countries of Caspian region to Turkey through the energy sector and in addition to this, the basic macroeconomic indicators of the region is investigated. In the light of the evaluations, finally, we try to suggest about the way the cooperation between the region will be and can be constituted in the context of aiming to cover the energy needs of Turkey.

Keywords: Caspian Region; Energy Transmission Pipelines; Foreign Trade (search for similar items in EconPapers)
JEL-codes: F30 N75 P28 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dergipark.gov.tr/download/article-file/473580

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fis:journl:180306

Access Statistics for this article

More articles in Fiscaoeconomia from Tubitak Ulakbim JournalPark (Dergipark)
Bibliographic data for series maintained by Emre Atsan ().