Putin lifts ban on char­ter hol­i­days to Turkey


MOSCOW—Rus­sian Pres­i­dent Vladimir Putin has lifted curbs on tour firms sell­ing hol­i­days in Turkey, brought in after a Rus­sian jet was downed last year.

The move was an­nounced in a de­cree (in Rus­sian), in which Mr Putin also or­dered trade talks with Turkey. The ban on char­ter flights hurt the tourist in­dus­try in Turkey, a favourite des­ti­na­tion for many Rus­sians.

The Krem­lin ac­cepted a let­ter from Turk­ish Pres­i­dent Re­cep Tayyip Er­do­gan as an apol­ogy this week. Mr Putin spoke to Mr Er­do­gan by phone on Wed­nes­day, telling him he planned to lift the travel sanc­tions.

The lift­ing of non-travel trade sanc­tions will de­pend on the out­come of the trade talks, the Rus­sian leader said in his de­cree. Mr Putin also con­demned Tues­day’s gun and bomb at­tack on Istanbul’s Ataturk air­port, one of the busiest in the world. Mr Er­do­gan had ex­pressed “re­gret” ear­lier this week to Mr Putin and to the fam­ily of the Rus­sian pi­lot killed in the in­ci­dent. The fighter jet was shot down near the Syria-Turkey bor­der in Novem­ber. Turkey said the jet had been warned re­peat­edly after en­ter­ing Turk­ish airspace, a claim fiercely de­nied by Rus­sian of­fi­cials. Mr Putin said he had been stabbed in the back and ac­cused Mr Er­do­gan of col­lab­o­rat­ing with so-called Is­lamic State. Russia re­spond­ing by hit­ting Turkey with a raft of sanc­tions, stop­ping the Rus­sian pack­age hol­i­days and ban­ning the im­port of Turk­ish food­stuffs. The Rus­sian Su-24, an all-weather at­tack air­craft, was fly­ing in skies above the Turkey-Syria bor­der area on 24 Novem­ber when it was shot down by Turk­ish F16s. The plane crashed in the moun­tain­ous Ja­bal Turk­men area of the Syr­ian province of Latakia, killing the pi­lot. A Rus­sian ma­rine in­volved in a he­li­copter res­cue at­tempt was killed when the he­li­copter came un­der fire from lo­cal fight­ers.—Agen­cies

AMER­I­CAN vot­ers are an­gry. But while the ill ef­fects of glob­al­iza­tion top their list of griev­ances, no­body is well served when com­plex eco­nomic is­sues are re­duced to bumper-sticker slo­gans — as they have been thus far in the pres­i­den­tial cam­paign.

It is un­fair to dis­miss con­cerns about glob­al­iza­tion as un­founded. Amer­ica de­serves to have an hon­est de­bate about its ef­fects. In or­der to yield con­struc-tive so­lu­tions, how­ever, all sides will need to con­cede some in­con­ve­nient truths — and to rec­og­nize that glob­al­iza­tion is not the same phe­nom­e­non it was 20 years ago.

Pro­tec­tion­ists fail to see how the US’ erod­ing in­dus-trial base is com­pat­i­ble with the prin­ci­ple that glob-al­iza­tion boosts growth.

But the ev­i­dence sup­port­ing that prin­ci­ple is too sub­stan­tial to ig­nore. Re­cent re­search by the McKin­sey Global In­sti­tute (MGI) echoes the find­ings of other aca­demics: Global flows of goods, for­eign di­rect in­vest­ment, and data have in­creased global GDP by roughly 10 per­cent com­pared to what it would have been had those flows never oc­curred. The ex­tra value pro­vided by glob­al­iza­tion amounted to $7.8 tril­lion in 2014 alone.

And yet, the shut­tered fac­to­ries dot-

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