Eu Turkey Trade Agreement


For AELE-Turkey trade statistics see AELE Trade Statistics Tool 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] In 1996, a free trade area was established between Turkey and the European Union for the products of the European Coal and Steel Community. The 1/98 decision of the Association Council concerns the exchange of agricultural products. The provisions on the protection of intellectual property rights (Chapter 4 and Appendix XX) include trademarks, copyrights, patents and geographical indications and include provisions relating to respect for intellectual property rights and cooperation between the parties. They are based on the WTO agreement on trade-related aspects of intellectual property rights (TRIPS) and provide a high level of protection, taking into account the principles of the most favoured nation and national treatment. The agreement provides tariff concessions for agricultural products processed under Schedule III. Trade in agricultural commodities is covered by three bilateral agricultural agreements negotiated between the EFTA state concerned, Iceland, Norway and Switzerland/Liechtenstein and Turkey. While bilateral agricultural agreements between Norway and Turkey, as well as Iceland and Turkey, remain in force, the bilateral agricultural agreement between Switzerland and Turkey has also been modernized and will replace the existing bilateral agricultural agreement after the modernized EFTA-Turkey free trade agreement comes into force.

These bilateral agricultural agreements are part of the instruments for creating the free trade area. They provide for significant concessions on both sides, taking into account the respective sensitivities. The modernized EFTA-Turkey Free Trade Agreement was signed on 25 June 2018 and includes trade in products (industrial products, seafood and seafood and processed agricultural products), trade in services, protection of intellectual property rights, public procurement, competition, trade and sustainable development. In addition, the updated bilateral agricultural agreements between the various EFTA countries and Turkey are still part of the instruments for creating the free trade area. The EU-Turkey customs union is a trade agreement between the European Union (EU) and Turkey. The agreement came into force on 31 December 1995 following the decision of the European Community-Turkey Association Council of 6 March 1995 to establish a customs union (turkish language: Gomr-k Birlii) between the two parties. [1] Goods can move without customs restrictions between the two units. The customs union does not cover key economic sectors such as agriculture (which enforces bilateral trade concessions), services or public procurement. 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. The agreement contains provisions for trade remedies (Articles 2.17 to 2.19), i.e.

subsidies and countervailing measures, anti-dumping and global safeguard measures on the basis of relevant WTO agreements.

Posted Tuesday, December 8th, 2020 at 2:06 am
Filed Under Category: Uncategorized
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