EVALUATION OF THE EU-CANADA COMPREHENSIVE ECONOMIC AND TRADE AGREEMENT (CETA) IN TERMS OF TURKISH FOREIGN TRADE

Year 2017, , 275 - 281, 30.09.2017

İlhan Gullu , Nazife Ozge Kilic , Omer Sanlioglu

https://doi.org/10.17261/Pressacademia.2017.695

Abstract

Purpose-Comprehensive Economic and Trade Agreement,
CETA that European Union signed with Canada on November 30, 2016 has the
quality to result in economic, social and cultural consequences by making norms
as compatible not only by removing tariff barriers differently from formers. It
has been expected that agreement which removes tariff barriers at the rate of
99% increases the trade between each two countries at the rate of 23%. In
addition to this, consequences that cause some concerns in terms of Turkey that
is still candidate country to EU are possible. Turkey had stayed out of
negotiation period of CETA as is the case with meetings of Transatlantic Trade
and Investment Partnership (TTIP) that EU started negotiations with USA. On the
other way, Turkey has been affected by CETA because of applying Customs Union
Agreement with EU since 1996. Like agreements that EU has made with other
countries, EU-Canada Comprehensive Economic and Trade Agreement is going to
deepen the negative effects of Customs Union Agreement on foreign trade of
Turkey.

Methodolgy- In this study,
Comprehensive Economic and Trade Agreement, CETA, had been discussed in the
view of basic indicators subjecting to foreign trade. Possible effects of CETA
had been analyzed on Turkey economy because of that Turkey participate in
European Customs Union.

Findings-It
had been seen that first of effects of Comprehensive Economic and Trade
Agreement on Turkey economy had consisted of two sections as particular to CETA
and TTIP.

Conclusion-Turkey
has been affected by CETA because it was applying Customs Union Agreement with
EU since 1996. Like agreements that EU has made with other countries, EU-Canada
Comprehensive Economic and Trade Agreement is going to deepen the negative
effects of Customs Union Agreement on foreign trade of Turkey.

Keywords

ropean Union, Canada, foreign trade, Customs Union, Turkish economy, CETA

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