The Roles of the Organization of Turkic States (OTS) in International Trade, Logistics and European Union’s (EU) Energy Supply Security
DOI:
https://doi.org/10.5195/emaj.2023.301Keywords:
Organization of Turkic States (OTS), International Trade, Logistics, Energy Supply Security, BRIAbstract
While new trade routes may have been discovered, the political, economic, and commercial relations among countries may lead to a desire to reactivate old routes or increase their capacity for active use over time. In the aftermath of the Russia-Ukraine war, which is one of the most significant events happening worldwide, the impact of the Organization of Turkic States (OTS) on global trade, economic, and logistical activities has been examined. In the current research, the qualitative method was employed to conduct an in-depth examination of the role of the OTS in global trade, transportation corridors, and the EU's energy supply security. For this study, secondary sources such as databases, scientific journals, books, national and international news, etc., were utilized. The research particularly highlights the quest for alternative routes in global trade, especially in recent times. In this context, it is noteworthy that Türkiye and the OTS are among the most significant partners. The presence of OTS is evident in almost all North-South and East-West oriented developed trade corridors, which supports this situation qualitatively. Additionally, the presence of OTS member countries with abundant underground resources enables the optimization of both logistics and supply elements together. This study emphasizes the significance of the OTS in the global economy and commercial activities. Particularly, it highlights the crucial role of Türkiye and OTS as a bridge between East and West, especially after the Ukraine-Russia war. The implications for the future underscore the strengths of OTS and its importance in the times to come.
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