Turkey

Transatlantic Trade Agreement and Turkey

By Öznur KELEŞ

At their November 28th, 2011 summit, the EU and the U.S. decided to establish the High-Level Working Group on Jobs and Growth with the task of identifying policies and measures to increase trade and investment. In order to increase trade and investment in the relations between these two regions, the Working Group settled on creating a comprehensive agreement including bilateral trade, investment, and regulatory issues. It was thus that on February 13th, 2013, the two global actors decided to create the Transatlantic Trade and Investment Partnership (TTIP). There’s substantial controversy over whether the agreement will be a game-changer or not. The partnership negotiations, which started in July, completed its third round on December 20th, 2013.