Ali Babacan

  • Turkish politician
  • Born April 4, 1967

Ali Babacan (Turkish pronunciation: [aˈli babaˈdʒan]; born 4 April 1967 in Ankara, Turkey) is a Turkish politician. He is member of the parliament and former Deputy Prime Minister of Turkey responsible for the Economy. He first served as the Minister of State in charge of economic affairs in the 58th cabinet from the Justice and Development Party (AK Party). He retained this position throughout the 58th and 59th Governments of the Republic of Turkey. On 29 August 2007 he was appointed as the Minister of Foreign Affairs of the 60th Government of the Republic of Turkey.

Turkey's energy bill due to imports will fall with the increase in use of renewable energy sources. We have no control over the prices of petroleum and natural gas.

Greece is not an easy country to do business in.

The E.U. initially decided to end the isolation of Turkish Cyprus, to balance the accession of Cyprus. But the E.U. has not carried through on its promise.

Turkey does not have an official exchange rate target.

Turkey's economy is powerful enough to tackle tough times.

Turkey is widely envied while there are very serious troubles in the world economy.

Openly speaking, the only formula that will save Greece's future is more trade with Turkey and more investment with Turkey.

Those looking from Europe see Turkey as an economic success, whereas others from the Middle East see Turkey as a democratic success.

A country which has a population 99% as their faith in Islam can also be a country which are subscribing to the universal values of the E.U.

Population is a strong driver of the economy as well as the quality of the labor force.

Turkey shares Europe's fundamental values of democracy and the rule of law.

Turkey has a young and growing population. Until recently, this was perceived as a problem, a burden that Turkey would bring to the E.U. But it is, in fact, an asset that can help the population deficit of the E.U. and the economic growth of Turkey.

It is unfair to ask Turkey to make a unilateral concession to take goods from Cyprus within the customs union when the E.U. is not open to northern Cyprus.

'The Economist' is a biased organization.

Islam and democracy can function together.

The fast fish, not the big fish, eats the small fish.

Northern Iraq has become, economically, a natural extension of Turkey.

Whatever the scenario, the dynamism of developing nations, their demographics and competitive power are great sources for superiority.

Leave history to historians.

Turkey will not let Turkish territory or airspace be used in any activity that could harm the security or safety of Syria.

Turkey is going through an incredible economic, political and social transformation. What is most important is that Turkey has been the owner of this transformation. Ownership has been the key to success.

When Turkey buys Iranian oil, we pay for it in Turkish lira... However, it is not possible for Iran to take that money as dollars into its own country due to international restrictions, the U.S.A.'s sanctions. Therefore, when Iran cannot take this money back as currency, they withdraw Turkish lira and buy gold from our market.

We have been talking with leaders: Change is coming; you can no longer have a closed regime with an open society - satellites, social media, the Internet - you have this kind, this kind of society moving forward, and you are running this closed regime; this is not sustainable. This cannot continue.