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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 ]
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)
Signing of the association agreement between Turkey and the EEC. The Agreement Creating An Association Between The Republic of Turkey and the European Economic Community, commonly known as the Ankara Agreement (Turkish: Ankara Anlaşması), is a treaty signed in 1963 that provides for the framework for the co-operation between Turkey and the European Union (EU).
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 ...
Officials from the European Union and Turkey will restart talks next week on modernising a customs union between the two sides, Turkish Foreign Minister Hakan Fidan said on Wednesday. Turkey has ...
The EU shares its single market with three EFTA members via the European Economic Area agreement, and the remaining EFTA member—Switzerland—via bilateral agreements. EU Customs Union. The European Union Customs Union is a customs union which consists of all the member states of the European Union and Turkey, San Marino, Monaco, Andorra and ...
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 European Union is ready to deepen trade ties with Turkey but will maintain the threat of economic sanctions if Ankara moves against the bloc's interests, according to a draft statement due to ...