On Thursday, the Autonomous Administration of North and East Syria (AANES) warned of dangerous impacts on the region\u2019s economy if Turkey launches a military operation on northern Syria.<\/p>\n
The co-chair of the Economy and Agriculture Board, Salman Barudo, said that the Turkish threats raise our concern and may deteriorate the economic situation in the area.<\/p>\n
\u201cWars or just war threats have negative impacts on markets and economy in general, and this is what really happening in north and east Syria,\u201d Barudo said.<\/p>\n
\u201cWhenever the operation starts, hundred thousands of people will be displaced. This will force the AANES to respond to displacing needs which increases pressure over economical sources,\u201d he added.<\/p>\n
On June 1, Turkish President Recep Tayyip Erdogan renewed his threats of launching a military operation on northern Syria, and specified his targets in the two Syrian cities of Manbij and Tel Rifaat, which include many Internally Displaced Persons (IDPs).<\/p>\n
He predicted that the military operation will increase unemployment and poverty rates and that economic growth would stagnate in north and east Syria.<\/p>\n
On May 25, Turkey\u2019s National Security Council said that Turkey\u2019s \u201cexisting and future military operations along its southern borders were necessary for the country\u2019s security.\u201d In the meeting, Erdogan delivered a speech to the MPs of his ruling Justice and Development Party (AKP) and said, \u201cTurkish military would continue to rid its neighbor of terrorists\u201d refers to the SDF.<\/p>\n
If the Turkish threats continue or come true, this will pose inflation to the area, according to Barudo.<\/p>\n
On May 23, Erdogan announced taking steps to complete the so-called remained portions of the \u201csafe zone\u201d plan along Turkey\u2019s southern border saying, \u201cWe will soon take new steps regarding the incomplete portions of the project we started on the 30 km deep safe zone we established along our southern border.\u201d<\/p>\n
The Turkish \u201csafe zone\u201d is an area of 30-35 km (19-22 miles) deep into Syrian territory that Turkey started establishing in 2019 to settle Syrian refugees in an area along its border with Syria, as well as to keep it free from the Syrian Democratic Forces (SDF), which it regards as terrorists.<\/p>\n
\u201cWe expected economic breakthroughs and polarization of investors in the region after excluding it from Caesar Act, but the Turkish threats came against our anticipations,\u201d he noted.<\/p>\n","protected":false},"excerpt":{"rendered":"
On Thursday, the Autonomous Administration of North and East Syria (AANES) warned of dangerous impacts on the region\u2019s economy if Turkey launches a military operation on northern Syria. The co-chair of the Economy and Agriculture Board, Salman Barudo, said that the Turkish threats raise our concern and may deteriorate the economic situation in the area. […]<\/p>\n","protected":false},"author":2,"featured_media":749,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-events"],"yoast_head":"\n