Coffee Fortune-Telling: Prospects for Turkey and BRICS

... countries will become its new members, what institutions will be created, and whether the infrastructure and legal framework will be evolving. But even by a stretch of imagination one can see that the benefits of joining BRICS will be very modest both for Turkey and the grouping itself. Unlike the European Union, BRICS is not a common market and is unlikely to become one. What is certain is that the markets of the countries will become much more visible to each other, which can significantly expand Turkey’s export potential. The country’s export structure,...