The Impact of G20 On Turkish Foreign Trade

Authors : Hayrettin Kesgingöz, Serkan Dilek

Pages : 3-8

View : 19 | Download : 19

Publication Date : 2017-06-01

Article Type : Research

Abstract :Turkey accepted to become a member of international economic associations to have an important share in World trade, to increase foreign trade revenues and to export their products to developed countries. Becoming a member of economic associations started with IMF and World Bank in 1947 and it goes on with Orga- nization for Economic Cooperation and Development (OECD), Organization for Islamic Cooperation (OIC), Economic Coop- eration Organization (ECO), Organization of the Black Sea Economic Cooperation (BSEC), World Trade Organization (WTO), Custom Union (CU), D8 and G20. Foreign trade which was held by international firms replaced with trade held by international organizations in changing world. As the number of membership increases Turkey has started to behave as world coun- tries with increasing foreign trade volume and opportunities. In this research we first looked at growth rate of export and import between Turkey and G20 countries to reveal performance analy- sis of foreign trade between these two groups which has the most important share in Turkish foreign trade. Then the analysis fol- lowed by a look at growth rate of total export and import of Tur- key. Lastly, foreign trade balance and volume are investigated. At the end of research we searched export/import coverage ratio
Keywords : International Trade, International Economic Asso- ciations