The Customs Union and Turkish Foreign Policy - 1092 Words

The Customs Union and Turkish Foreign Policy Economical developments in Turkey and the world keep moving in an incredible speed. With the increasing world trade volume and gradually intensifying rivalry, companies’ efforts for strengthening their market shares are increasing day by day. Being able to keep alive in the middle of this rivalry depends on being successful in the international platform. The industrialized countries aiming to get out of this situation with the minimum loss have started to give more significance to their economical security. It can be seen that preventions such as goods and amount restriction has decreased and local commercial and political integrations has become stronger during this current globalization period. The locations of the countries vary constantly by either participating to global organizations (World Trade Organization) or to regional formations (Europe Union and The Customs Union). In this context, the most significant economical and political consolidation that we face among Europe countries is EU. One of the basic foundations of partnership relationship between Turkey and EU is The Customs Union. The Customs Union process was triggered by the Protocol of Katma, which was signed between Turkey and European Economic Community. With Katma Protocol’s coming into force on 1 January 1973, Turkey got the right of reaching industry goods of Community market without customs.Show MoreRelatedHow The Argument Supporting Two Cyprus States1519 Words   |  7 Pageslargest driving factor is the Turkish and Greek ethnic divide. The two ethnic groups remain distinct, which are divided on linguistic, cultural, and religious lines (Meier, 457). The Greek Cypriots practice Greek orthodox and Turkish Cypriots practice Islam. Furthermore, both groups refer to Greece or Turkey as â€Å"motherlands† to their identities. (Meier, 457). 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