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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]
First EU-Turkey Summit held and Joint EU-Turkey Action Plan activated. The EU welcomes Turkey's commitment to accelerate the fulfilment of the Visa Roadmap benchmarks in return for halting the flow of Syrian refugees from Turkey to Greece. [24] 14 December 2015: Negotiations are opened on Chapter 17 – Economic and Monetary Policy. 30 June 2016
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. Turkey borders two EU member states: Bulgaria and Greece. Turkey has been an applicant to accede to the EU since 1987, [1] [2] but since 2016 accession negotiations have stalled. [3]
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.
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).
Due to the Custom Union Agreement between Turkey & EU, Turkish origin goods are in free circulation in EU Market (No Tax between TR & EU) Companies can freely transfer their profits and earnings to Turkey or any other country. As Free Zones are outside of the customs border, companies can purchase good from Turkey for export prices. (No VAT)
The blue stripe was introduced after the entry of Turkey to the European Customs Union in 1996, [1] in accordance to compliance to EU laws. Since then, the blue stripe area is often modified by car owners (even by some parliament members like Devlet Bahçeli [1]).