Will Turkey be freed from Lausanne Treaty sanctions in 2023?

With the completion of 100 years of Turkey’s independence in 2023, questions are being raised about the expiry of the “Lausanne Agreement” of Turkey.

Many say Turkey could become the world’s most powerful country again in July 2023 when it is freed from sanctions imposed under the Lausanne Treaty, which were imposed after the defeat of the Ottoman Empire in World War I. However, it is also being said that the Treaty of Sèvres or Lausanne is a fixed term agreement with no end date.

The Treaty of Sèvres (Lausanne) was signed on July 24, 1923 in Lausanne, Switzerland between the Allies of World War I (Britain, Ireland, France, Russia, Italy and Japan) and Turkey. Under this agreement, Turkey’s borders were defined, and more than 40 Muslim countries, including Saudi Arabia, emerged as independent countries from the Ottoman Caliphate.

According to this agreement, the Ottoman Caliphate was abolished, the Sultan was exiled from Turkey along with his family, even the Sultan’s personal property was confiscated, Turkey was declared a secular state and the Republic of Turkey was established on the world stage. Admittedly, by virtue of this agreement, Turkey also renounced the assets and properties of the Caliphate on the three continents.

Under this agreement, the permission to extract oil from Turkey was revoked, the Bosphorus Strait (Dead Sea) was made an international route, due to which Turkey could not collect any taxes from foreign ships passing through its seaway. Following this, Mustafa Kemal Atatürk established a secular government and reorganized Turkey, making Ankara the capital of modern Turkey.

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Turkey has continued its development journey despite the sanctions imposed under the Lausanne Agreement, and today the government of Turkish President Tayyip Erdogan canceled all IMF debt and took Turkey out of the IMF’s clutches. Turkey is a member country of the European Union Customs, due to which Turkey has the facility of duty-free export to the European Union countries.

The Bosphorus Bridge across the Bosphorus Strait in Turkey connects Asia to Europe. Turkey is a member of the G-20 countries and the world’s 17th emerging economy. The Turkish army is the second largest army of NATO, while Turkey is the center of attraction for tourists from all over the world, where more than 70 million foreign tourists come annually.

The West is concerned about the Treaty of Lausanne that this agreement was signed between Kemal Atatürk’s Republic of Turkey and the Western powers, which has nothing to do with the Ottoman Empire, and the term of the Treaty of Lausanne is not 100 years, but it is an indefinite agreement with no fixed period.

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