- Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Vol: 18 Issue: 2 Special Issue
- THE IMPACT OF TRADE LIBERALIZATION: TURKEY'S EXPERIENCE WITH THE CUSTOMS UNION
THE IMPACT OF TRADE LIBERALIZATION: TURKEY'S EXPERIENCE WITH THE CUSTOMS UNION
Authors : Orhan Morgil
Pages : 189-195
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Publication Date : 2000-12-31
Article Type : Research
Abstract :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.Keywords : European Union, Customs Union, trade creation, trade diversion, free trade agreement, Copenhagen economic criteria, common trade policy, common competition policy