The Commission proposal was based on Turkey is member of the Euro-Mediterranean partnership ( The Euro-Mediterranean Partnership promotes economic integration and democratic reform across 16 neighbours to the EU’s south in North Africa and the Middle East. Bilateral trade concessions apply to agricultural as well as coal and steel products. After several years of rapid growth in the EU-Turkey bilateral trade in goods, in 2018 trade showed a mixed picture, in particular due to the Turkish lira depreciation and broader economic difficulties in Turkey. In addition to providing for a common external tariff for the products covered, the Customs Union foresees that Turkey is to align to the In December 2016, the Commission proposed to modernise the Customs Union and to further extend the bilateral trade relations to areas such as services, public procurement and sustainable development. The committees meet regularly. One important part of this work is to achieve mutually satisfactory trading terms for the Euromed region's partners. Turkey is the EU's 5th largest trading partner, both in exports and imports. The EU and Turkey meet regularly to discuss issues and best practices when applying the agreement.
1. Turkey has been a candidate country to join the European Union since 1999, and is a member of the Euro-Mediterranean partnership.Unless otherwise mentioned âEUâ concerns for all indicated years the current European Union of 27 Member States.The Customs Union entered into force on 31 December 1995. 3. The Euro-Mediterranean Partnership is an essential component in the pursuit of greater economic integration in the Mediterranean region. 2. It covers all industrial goods but does not address agriculture (except processed agricultural products), services or public procurement. The EU is by far Turkey's number one import and export partner, as well as source of foreign direct investment (FDI). EU goods exports to Turkey …
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