Turkey and Its Preferential Trade Agreements (PTAs)

Yontem Sonmez, Scott McDonald and Jonathan Perraton

No 331594, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Since the adoption of the liberalization measures of 1980s, the establishment of Customs Union (CU) with the European Union (EU) has been the most important development in foreign trade relations of Turkey. In addition to the imposition of the Common Customs Tariff (CET), Turkey has to align her preferential trade regime applied towards third countries in accordance to the rules and regulations of Turkey – EU Council Decision of 1995. According to that, Turkey will take the necessary measures and negotiate agreements on a mutually advantageous basis with the third countries in order to harmonise her commercial policy further with the EU’s. This paper reports the results from a comparative static global CGE -Globe- model that quantifies the impact on Turkey of the EU – Turkey Customs Union, EFTA – Turkey and Euro-Med countries – Turkey preferential trade agreements (PTAs). The macroeconomic implications of Turkey’s preferential trade agreements and therefore, the elimination of bilateral trade tariffs on trade in food and industrial products are analyzed by comparing the results with the baseline scenario of no trade liberalisation between Turkey and the PTA partners with the baseline year of 2001. The analyses are carried out using a 17-region, 23-sector and 5-factor global computable general equilibrium model that is implemented in GAMS (McDonald et al, 2005).

Keywords: International Relations/Trade; International Development (search for similar items in EconPapers)
Pages: 28
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/331594/files/3154.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331594

Access Statistics for this paper

More papers in Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().