In this article the static and dynamic effects
of the Customs Union between Turkey and the European Union are discussed. The
static effect of the Customs Union, namelv trade creation and trade diversion,
has been developed in favor of the European Union. The Customs Union has
generated limited trade creation for the Turkish economy. However, Turkey has
partly benefited from the dynamic effect of the Customs Union. On the other
hand, it was found that the Turkish import and export is quite sensitive to the
exchange rate policy.
European Union Customs Union trade creation trade diversion free trade agreement Copenhagen economic criteria common trade policy common competition policy
Journal Section | Articles |
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Authors | |
Publication Date | December 31, 2000 |
Submission Date | January 1, 2000 |
Published in Issue | Year 2000 Volume: 18 Issue: 2 |
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