IDEAS home Printed from https://ideas.repec.org/a/sos/sosjrn/190414.html
   My bibliography  Save this article

Free Trade Agreements Signed By Turkey: Two-Sided-Sectoral Analysis and Assessment of Foreign Trade Policy

Author

Listed:
  • Erdem ATEŞ
  • Ayşe Dilek SEYMEN

Abstract

Especially after the Second World War, efforts to liberalize foreign trade has been accelerated amongst countries. These efforts can be divided into two as global and regional efforts. Global efforts have been exerted by various rounds of the General Agreement on Tariffs and Trade (GATT) and by the World Trade Organization (WTO). Regional efforts, on the other hand, are represented by Preferential Trade Agreements (PTA), Customs Unions (CUs) and Free Trade Agreements (FTAs), which have been prevailed particularly in recent years. By adopting an “export-led growth model”, Turkey has been involved in both the global and the regional efforts towards trade liberalization since the 1980s. When viewed from a regional perspective, Turkey has signed FTAs for two main reasons. The first reason has been to find new markets to sell its products and services and to diversify its partnership with different countries in foreign trade. The second and primary reason is Turkey’s obligation to conform with the European Union (EU)’s trade policy under the Customs Union. Furthermore, Turkey has signed 37 FTAs until 2018, among which 20 of them are in effect now. 11 of the signed FTAs have been dissolved due to the partnering countries’ ascension to EU membership. Although the negotiations are complete, five of these signed FTAs are at the stage of internal approval by the partnering countries. In this study, effects of FTAs on Turkey’s foreign trade with its counterparties has been investigated for the 1980-2017 period using bilateral foreign trade data, growth rates of export and import, bilateral concentration index, sector-bilatarel trade concentration index (SBT) and revealed comparative advantage index (RCA). The findings have been evaluated in terms of Turkish foreign trade policy.

Suggested Citation

  • Erdem ATEŞ & Ayşe Dilek SEYMEN, 2019. "Free Trade Agreements Signed By Turkey: Two-Sided-Sectoral Analysis and Assessment of Foreign Trade Policy," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(42).
    • Handle: RePEc:sos:sosjrn:190414
    as

    Download full text from publisher

    File URL: http://dergipark.gov.tr/download/article-file/833095
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul R. Krugman, 1991. "The move toward free trade zones," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 7-58.
    2. Shang-Jin Wei & Jeffrey A. Frankel, 1998. "Open Regionalism in a World of Continental Trade Blocs," IMF Staff Papers, Palgrave Macmillan, vol. 45(3), pages 440-453, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter H. Egger & Michael Pfaffermayr, 2013. "The Pure Effects of European Integration on Intra-EU Core and Periphery Trade," The World Economy, Wiley Blackwell, vol. 36(6), pages 701-712, June.
    2. Guglielmo Caporale & Christophe Rault & Robert Sova & Anamaria Sova, 2009. "On the bilateral trade effects of free trade agreements between the EU-15 and the CEEC-4 countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 145(3), pages 573-573, October.
    3. Christophe Rault & Robert Sova & Ana Maria Sova, 2009. "Modelling international trade flows between CEEC and OECD countries," Applied Economics Letters, Taylor & Francis Journals, vol. 16(15), pages 1547-1554.
    4. Fathi Abid & Slah Bahloul, 2010. "Selected MENA Countries’ Attractiveness to G7 Investors," Working Papers 531, Economic Research Forum, revised 07 Jan 2010.
    5. Mr. Rodolphe Blavy, 2001. "Trade in the Mashreq: An Empirical Examination," IMF Working Papers 2001/163, International Monetary Fund.
    6. Cyriac Guillaumin & Guillaume Vallet, 2012. "La Suisse et la zone euro : votre monnaie, notre problème ? La possibilité d'un ancrage de jure," Revue d'économie politique, Dalloz, vol. 122(5), pages 629-655.
    7. Sokolova, Maria V., 2016. "Exchange Rates, International Trade and Growth: Re-Evaluation of Undervaluation," Conference papers 332790, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Panagariya, A., 1997. "Preferential trading and the myth of natural trading partners," Japan and the World Economy, Elsevier, vol. 9(4), pages 471-489, December.
    9. Leng, Zhihui & Shuai, Jing & Sun, Han & Shi, Zhiyao & Wang, Zihan, 2020. "Do China's wind energy products have potentials for trade with the “Belt and Road” countries? -- A gravity model approach," Energy Policy, Elsevier, vol. 137(C).
    10. Jagdambe, Subhash & Kannan, Elumalai, 2020. "Effects of ASEAN-India Free Trade Agreement on agricultural trade: The gravity model approach," World Development Perspectives, Elsevier, vol. 19(C).
    11. Frankel, Jeffrey A & Stein, Ernesto & Wei, Shang-Jin, 1996. "Regional Trading Arrangements: Natural or Supernatural," American Economic Review, American Economic Association, vol. 86(2), pages 52-56, May.
    12. Florentina Chirodea & Luminita Soproni & Mihai Marian, 2023. "European Union Tools for the Sustainable Development of Border Regions," Sustainability, MDPI, vol. 16(1), pages 1-18, December.
    13. Bagwell, Kyle & Staiger, Robert W, 1997. "Multilateral Tariff Cooperation during the Formation of Free Trade Areas," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(2), pages 291-319, May.
    14. Perez-Restrepo, Camilo & Roldan-Perez, Adriana, 2016. "Is the Pacific Alliance a Potential Pathway to the Free Trade Area of the Asia-Pacific?," Philippine Journal of Development PJD 2014-2015 Vol. 41-42 , Philippine Institute for Development Studies.
    15. Winters, L. Alan, 1996. "Regionalism versus Multilateralism," CEPR Discussion Papers 1525, C.E.P.R. Discussion Papers.
    16. Bagwell, Kyle & Staiger, Robert W., 2001. "Reciprocity, non-discrimination and preferential agreements in the multilateral trading system," European Journal of Political Economy, Elsevier, vol. 17(2), pages 281-325, June.
    17. Kumar Surender & Prabhakar Prerna, 2017. "India’s Trade Potential and Free Trade Agreements: A Stochastic Frontier Gravity Approach," Global Economy Journal, De Gruyter, vol. 17(1), pages 1-19, March.
    18. Henri L. F. De Groot & Gert‐Jan Linders & Piet Rietveld & Uma Subramanian, 2004. "The Institutional Determinants of Bilateral Trade Patterns," Kyklos, Wiley Blackwell, vol. 57(1), pages 103-123, February.
    19. Stoyanov, Andrey & Yildiz, Halis Murat, 2015. "Preferential versus multilateral trade liberalization and the role of political economy," European Economic Review, Elsevier, vol. 80(C), pages 140-164.
    20. Branko Milanović, 2001. "Nations, Conglomerates and Empires: Trade-off Between Income and Sovereignty," Palgrave Macmillan Books, in: Dominick Salvatore & Marjan Svetličič & Jože P. Damijan (ed.), Small Countries in a Global Economy, chapter 1, pages 25-69, Palgrave Macmillan.

    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

    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:sos:sosjrn:190414. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Aysen Sivrikaya (email available below). General contact details of provider: http://www.sosyoekonomijournal.org/home.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.