Turkey is a parliamentary republic in Eurasia, largely located in Western Asia, with the smaller portion of Eastern Thrace in South-East Europe. Turkey is bordered by eight countries: Syria and Iraq to the south; Iran, Armenia, and the Azerbaijani exclave of Nakhchivan to the east; Georgia to the northeast; Bulgaria to the northwest; and Greece to the west. The Black Sea is to the north, the Mediterranean Sea to the south, and the Aegean Sea to the west. The Bosphorus, the Sea of Marmara, and the Dardanelles (which together form the Turkish Straits) demarcate the boundary between Thrace andAnatolia; they also separate Europe and Asia. Turkey's location at the crossroads of Europe and Asia makes it a country of significant geostrategic importance.
Turkey is a transcontinental Eurasian country. Asian Turkey, which includes 97 percent of the country, is separated from European Turkey by the Bosphorus, the Sea of Marmara, and the Dardanelles. European Turkey comprises 3 percent of the country. The territory of Turkey is more than 1,600 kilometres (990 miles) long and 800 kilometres (500 miles) wide, with a roughly rectangular shape. It lies between latitudes 35° and 43° N, and longitudes 25° and 45° E.
The EU – Turkey Customs Union in 1995 led to an extensive liberalization of tariff rates, and forms one of the most important pillars of Turkey's foreign trade policy. Turkey's exports were $143.5 billion in 2011 and reached $163 billion in 2012 (main export partners in 2012: Germany 8.6%, Iraq 7.1%, Iran 6.5%, UK 5.7%, UAE 5.4%). However, larger imports which amounted to $229 billion in 2012 threatened the balance of trade (main import partners in 2012: Russia 11.3%, Germany 9%, China 9%, US 6%, Italy 5.6%).
Research and Development
Turkish government companies for research and development in military technologies include Turkish Aerospace Industries, Aselsan, Havelsan, Roketsan, MKE, among others. Turkish Satellite Assembly, Integration and Test Center (UMET) is a spacecraft production and testing facility owned by the Ministry of National Defence and operated by the Turkish Aerospace Industries (TAI). The Turkish Space Launch System (UFS) is a project to develop the satellite launch capability of Turkey. It consists of the construction of a spaceport, the development of satellite launch vehicles as well as the establishment of remote earth stations.