IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/333.html
   My bibliography  Save this paper

Turkey and European Union Relations: Concept of Customs Union

Author

Listed:
  • Ozturk, Ilhan
  • Sertoglu, Kamil

Abstract

Turkey is the only pluralist secular democracy in the Moslem world and has always targeted herself as being part of the western world and values. Turkey started to establish close economic relations with Europe by the 1963 Ankara Agreement. By 1995, Turkey abolished most of the barriers in her trade through a customs union agreement with the European Union. Customs union is widely discussed in the sense that the terms of trade between the two sides have not evolved in favour of Turkey. However evidence shows that Turkey did not experience any extreme changes in its import figures as were feared before the beginning of the agreement. As a result of customs union, economically Turkey became more advantageous than many other candidate countries despite her unhealthy economic statistics especially in the area of inflation and per capita income. Turkey would have the chance to benefit more from the customs union after it completes its ongoing economic reforms, which would bring more stability and power to the Turkish economy.

Suggested Citation

  • Ozturk, Ilhan & Sertoglu, Kamil, 2006. "Turkey and European Union Relations: Concept of Customs Union," MPRA Paper 333, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:333
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/333/1/MPRA_paper_333.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Paul Bogdan Zamfir, 2017. "The Leading Position Of Turkey In Romania'S Trade With Non - Eu Countries In 2007-2016," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 154-161, December.

    More about this item

    JEL classification:

    • F0 - International Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:333. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.