At the most superficial level, growing economic relations between Turkey and the UK will be providing a hungry market for British investors and products. The signs of the lucrative Turkish market being noticed by British investors become clear when one considers that the trade volume between the two countries went from a humble $141 million in 2003 to $1.3 billion in 2008 and a whooping $11 billion in 2010! By 2015, we will see a doubling of the latest figures. As the Turkish economy continues to grow along with its consumer confidence and as the Turkish government remains keen to attract foreign direct investment to the country, Turkey is going to be an important trade partner at a time when the European market is facing major challenges.
At a deeper level, the fact that the UK has always been a keen supporter of Turkish accession into the EU and that the two countries are in agreement on almost all of the issues surrounding the Middle East and North Africa (MENA) means that the UK enjoys a good rapport with the country. Good relations with Turkey mean that the UK has a partner to enter places it cannot do on its own and can secure diplomatic and economic footholds in areas from which it has previously been excluded. Turkish engagement in MENA, the Balkans, Central Asia, and now increasingly in Africa, is providing opportunities for British diplomats and companies to work alongside and through Turkey and Turkish firms. This is especially important given that the UK's influence in those regions is limited and even, in some cases, absent.However, a new level can be added to these obvious areas of vital importance for good relations between the two countries. Both are at the peripheries of the EU power, even though one is just outside and the other just inside of it. The centre stage is obviously dominated by the German and French alliance with increasing signs of cracks that the one with the bigger economic power (i.e. Germany) will not be playing the role of equal partner for much longer. The Franco-German partnership has tended to see the UK's stance as a nuisance all along. It is no surprise that the same alliance has been key in blocking Turkish accession into the EU, not least by quietly encouraging Cyprus to seek a vindication against Turkey at every possible turn.
Given that similar power games seek to push both Turkey and UK to the edges of Europe, and that closer economic and diplomatic relations between them will provide UK openings in MENA of a kind that the EU does not currently have; and given that Turkey is ready to give up on EU accession efforts but not on bilateral links with Europe generally; and given that the UK is seen increasingly as a trusted ally, we should expect to see a new power block emerging on the horizon. A strengthened and harmonious relationship between Turkey and the UK will have substantial economic and political muscle to play a major role in the EU's future, or even its survival, in the 21st century.
While the weaker coalition partner Nick Clegg believes that being at a more central point in EU gives Britain a larger influence and maintains the diplomatic and economic attractiveness of the UK for the US, he does not need to panic! The EU's political and economic ills -- to say nothing of its total lack of foreign policy vision and influence, and its tepid support for many US interests in its neighbourhood -- meant that a long time ago US administrations stopped seeing the EU as a key arena in which to assert influence.
On the contrary, Turkey is seen as sine qua non by the US for all of its regional goals. So, a closer link between the UK and Turkey, especially at a time when Euro-scepticism is at its highest globally, will not only have the blessing of the US but place the UK at a truly advantageous place ahead of most of the EU countries. It will also provide the many EU members with an important counterweight to the unhealthy German and French dominance.
Ten years ago, such prognostications might have seemed almost a joke, but it seems that an Anglo-Turkish alliance might be the best thing that happened to Europe in a long time and could be the key to ensure that the crucial vision behind the founding of the EU is actualised in the 21st century.