Dutch direct investment in Turkey amounts to $22 billion, making the Netherlands the biggest source of foreign investment with a share of 16 percent.
Ozgur Altug, chief economist at BGC Partners in Istanbul, said at this stage he did not foresee the row having serious short-term economic consequences.
"However, if the tension escalates and if countries start imposing sanctions against each other, it might have serious implications for the Turkish economy," he said.
Turkish exports to the Netherlands totaled $3.6 billion in 2016, making it the tenth largest market for Turkish goods, according to the Turkish Statistical Institute. Turkey imported $3 billion worth of Dutch goods in 2016.
Dutch visitors are important to Turkey's tourism industry, which was hit hard in 2016 by security fears due to attacks by Islamic State and Kurdish militants. Some 900,000 Dutch people visited Turkey last year, down from 1.2 million a year earlier.
Can't wait untill Turkey/Erdogan starts hurting us tenfold......
> Dutch direct investment in Turkey amounts to $22 billion, making the Netherlands the biggest source of foreign investment with a share of 16 percent.
> Ozgur Altug, chief economist at BGC Partners in Istanbul, said at this stage he did not foresee the row having serious short-term economic consequences.
>
> "However, if the tension escalates and if countries start imposing sanctions against each other, it might have serious implications for the Turkish economy," he said.
>
> Turkish exports to the Netherlands totaled $3.6 billion in 2016, making it the tenth largest market for Turkish goods, according to the Turkish Statistical Institute. Turkey imported $3 billion worth of Dutch goods in 2016.
>
> Dutch visitors are important to Turkey's tourism industry, which was hit hard in 2016 by security fears due to attacks by Islamic State and Kurdish militants. Some 900,000 Dutch people visited Turkey last year, down from 1.2 million a year earlier.
Can't wait untill Turkey/Erdogan starts hurting us tenfold......
Can't wait untill Turkey/Erdogan starts hurting us tenfold......