The Customs Union Between Turkey and the European Union.
Turkey has had strong economic relations with most of today's EU states since the early 1950s, which over the decades got strengthened. It is a well-known fact that Turkey identifies customs union as a valuable step towards westernizing and a full EU membership. Even though in all political, social, and economical aspects Turkey still needs to achieve a great deal in order to satisfy the Copenhagen Criteria for full membership, its accomplishments in recent years proves its determination. However, while collectively trying to adjust to EU policies in the most productive way, Turkey's economic echelon is going through a tough test. In fact there are opposing ideas regarding costs and benefits of Turkey's status in the Customs Union with its current political instability and without being a full EU member. .
The purpose of my paper is to discuss the outcomes of the customs union agreement for Turkey and come up with my own conclusion about the Customs Union. In order to be efficient, I divided it into sections. I will first give background information about customs union and Turkey's involvement. Later I will try to provide an overview of the trade relations and economy of Turkey prior to the Customs Union. And lastly I will discuss the effects of the Customs Union on Turkey, and also political and financial obstacles disturbing Turkey's full implementation of EU criteria and policies.
Customs Union .
Everything started when six member states created what was to become the European Union, in 1958. "One of the first steps was to create a tariff union. The tariff union was completed in 1968; all customs duties and restrictions among the six founding states of the community were eliminated and the common customs tariff- an external tariff that applies to the third country goods- was introduced. One culminating step was Single Administrative Document (SAD).