October 2015

TTIP and Turkey-EU relations: Why should the customs union be revisited?

By Mustafa Kutlay

Turkey and the EU established a customs union in 1995. The tariffs on exports and imports of all industrial products and goods were abolished. The decision was the outcome of long-lasting institutional relations and binding arrangements between the parties. When the decision was made, the economic expectations were high, especially on the Turkish side: the promotion of Turkey’s export capacity, the improvement of Turkish firms’ competitiveness, the transfer of know-how, and so forth can be listed as some of these expectations.