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Sunday, August 16, 2015

Modernizing Turkey-EU Customs Union a must - CONTRIBUTOR

Modernizing Turkey-EU Customs Union a must

Ebru Turhan & Erdal Yalçın*

Turkish Economy Minister Nihat Zeybekci and European Commissioner of Trade Cecilia Malmström have recently announced Turkey and the European Union’s joint ambition to modernize and expand the 20-year-old Customs Union (CU). This intention of deepening bilateral economic relations has become an urgently necessary consolidation of the CU to prevent a disruption between Turkey and the EU due to institutional weaknesses in the ex-isting trade accord.

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