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The European Union–Turkey Customs Union is a trade agreement between the European Union (EU) and Turkey. The agreement came into effect on 31 December 1995, following a 6 March 1995 decision of the European Community–Turkey Association Council to implement a customs union ( Turkish : Gümrük Birliği ) between the two parties. [ 1 ]
The European Union Customs Union (EUCU), formally known as the Community Customs Union, is a customs union which consists of all the member states of the European Union (EU), Monaco, and the British Overseas Territory of Akrotiri and Dhekelia. Some detached territories of EU states do not participate in the customs union, usually as a result of ...
The Organization of Turkic States (OTS), formerly called the Turkic Council or the Cooperation Council of Turkic Speaking States, is an intergovernmental organization comprising all but one of the internationally recognized Turkic sovereign states: Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan; while Hungary, Turkmenistan and Northern Cyprus are observers.
The EU-Turkey customs union entered force in 1995 but is limited to industrial goods and processed agricultural products. In an interview with Reuters, Varhelyi said his talks in Ankara had helped ...
This page lists the free trade agreements signed by Turkey. [1] In 1995, Turkey signed a customs union with the European Union for goods, excluding agricultural products and services. As of 2018, EU has been Turkey's main trade partner with 50% of its exports and 36% of its imports. [2] Turkey – European Union Customs Union (EUCU)
During the 1990s, Turkey proceeded with closer integration with the European Union by agreeing to a customs union in 1995. In 1999, following the Greek-Turkish earthquake diplomacy , Greece lifted its opposition to Turkey's accession to the European Union.
Relations between the European Union (EU) and Turkey were established in 1959, and the institutional framework was formalized with the 1963 Ankara Agreement.Albeit not officially part of the European Union, Turkey is one of the EU's main partners and both are members of the European Union–Turkey Customs Union.
The ATR.1 Certificate is a customs document used in trade between European Union members and Turkey, to benefit from cheaper rates of duty. The legal basis for the use of the certificate is the EU-Turkey Customs Union. Products not included in the customs union are steel, coal and some agricultural products.