Turkish Free Trade Agreements

In December 2016, the Commission proposed modernising the customs union and extending bilateral trade relations to areas such as services, public procurement and sustainable development. The Commission`s proposal was based on extensive preparatory work during 2016, including a public consultation with stakeholders, a detailed impact assessment and a study by an external consultant. However, the Council has not yet adopted the mandate. In Chapter 6, the parties recognize that anti-competitive trade practices have the potential to undermine the effects of liberalization. They stress the importance of cooperation and consultation on the application of competition law. In addition, the chapter provides the contracting parties with the opportunity to take appropriate action where anti-competitive practice continues to affect trade despite previous cooperation and consultation. Priority is given to measures that least affect the operation of this agreement. The rules of origin (Annex I) are governed by the regional convention on the rules of pan-European origin. This will allow materials to be accumulated from the EFTA, Turkey and other Pan-Euro Med Member States as soon as the relevant agreements between the parties concerned have been concluded. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S.

companies to get more information about how they can use these agreements. The customs union came into force on 31 December 1995. It applies to all industrial goods, but does not concern agriculture (except processed agricultural products), services or public procurement. Bilateral trade concessions apply to agricultural products as well as to coal and steel products. The United Kingdom is Turkey`s second largest trading partner after Germany. In today`s world, countries tend to enter into bilateral and regional free trade agreements, as the World Trade Organization (WTO) has achieved a high level of liberalization, with insufficient WTO rules under current conditions and an inefficient multilateral trading system to allow better market access. As a result of this trend, some 400 free trade agreements are being notified to the WTO. This page lists the free trade agreements signed by Turkey. [1] In 1995, Turkey signed a customs union with the European Union for products other than agricultural products and services.

Since 2018, the EU has been Turkey`s main trading partner, with 50% of its exports and 36% of its imports. [2] Total trade between the United Kingdom and Turkey peaked at $18.8 billion last year. Turkey negotiates and concludes free trade agreements with third countries in parallel with the global trend towards free trade agreements and its commitment to the customs union. Under the EU common tariff, preferential trade regimes are the most important part of trade policy towards third countries. Chapter 3 closely follows the approach of the WTO`s General Agreement on Trade in Services (GATS). It covers trade in all service sectors under the four types of supply. Separate annexes on the recognition of service provider qualifications (Annex X), the free movement of individuals providing services (Annex XI), e-commerce (Annex XIII), telecommunications services (Annex XVI), co-productions (annex XV), financial services (Annex XVI), health services (Annex XVII), tourism and travel services (Annex XVII) and international road and logistics transport services (Annex XIX) complete the chapter with additional disciplines specific to these sectors. The lists of contracting parties with specific obligations and derogations from the treatment of the most favoured nation (MPF) are listed in AppendixES XII and IX respectively. These lists are subject to regular revision to further liberalize the exchange of services between the two parties. The agreement covers trade in industrial products

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