Turkish Trade Agreements
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 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. 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. Without prejudice to WTO provisions, the Turkey-EU customs union provides an important legal basis for Turkey`s free trade agreements.
Within the framework of the customs union, Turkey is directing its trade policy towards the EU`s common trade policy. This harmonization concerns both autonomous regimes and preferential agreements with third countries. The agreement covers trade in all fish and other seafood (Article 4 and Appendix II). THE EFTA states and Turkey grant duty-free access to imports of all fish and seafood. The following agreements have been replaced by the EU-Turkey customs union: the aim of the agreement (Article 1) is, among other things, to promote the harmonious development of economic relations between the contracting parties by extending reciprocal trade.