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Turkey Fta Agreements

It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. Article 16 of The Turkey-EC Association Council`s Decision 1/95 on the implementation of the final phase of the customs union provides, among other things, that Turkey will take the necessary measures and negotiate mutually beneficial agreements with the countries concerned. 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 The following agreements have been replaced by the EU-Turkey customs union: Turkey negotiates free trade agreements in line with the global trend towards free trade agreements and its commitment to the customs union and concludes free trade agreements with third countries, alongside the EU free trade agreement. Under the EU common tariff, preferential trade regimes are the most important part of trade policy towards third countries. 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] The agreement provides tariff concessions for processed agricultural products 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.

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