The Customs Union between the European Union and Turkey and its Impacts on Turkey's Economy

Journal of Asian Finance, Economics and Business, Vol. 3, No. 2, pp. 41-49. DOI: 10.13106/jafeb.2016.vol3.no2.41

9 Pages Posted: 20 Dec 2017

See all articles by Kip Becker

Kip Becker

Boston University - Department of Administrative Sciences

Ibrahim Baki

Government of the Republic of Turkey - Ministry of Customs and Trade

Jung Wan Lee

Boston University - Department of Administrative Sciences

Date Written: May 30, 2016

Abstract

Since World War II nations have formed alliances for reasons of security and trade. Countries have seen international integration as an appropriate approach to resolving domestic and international political issues, improving their welfare by both transforming their infrastructures and increasing their foreign trade. While the majority of these relationships are straightforward d Turkey’s relationship with the European Union is more complex due to differences in religion and, at times, political ideology from other Union members. As a candidate country Turkey has made advances towards the full membership of the European Union with the customs union being the most significant. The impact of customs union membership is discussed and the effects of the customs union on Turkey’s trade and economy are examined from a perspective of different economic theories.

Keywords: customs union, economic integration theory, static effects, dynamic effects, Turke, European Union

JEL Classification: F13, F14, F15, F16, O57

Suggested Citation

Becker, Kip and Baki, Ibrahim and Lee, Jung Wan, The Customs Union between the European Union and Turkey and its Impacts on Turkey's Economy (May 30, 2016). Journal of Asian Finance, Economics and Business, Vol. 3, No. 2, pp. 41-49. DOI: 10.13106/jafeb.2016.vol3.no2.41 . Available at SSRN: https://ssrn.com/abstract=3089056

Kip Becker

Boston University - Department of Administrative Sciences ( email )

United States

Ibrahim Baki

Government of the Republic of Turkey - Ministry of Customs and Trade ( email )

Dumlupınar Bulvarı No: 151
Eskişehir Yolu 9. Km.
Çankaya/ANKARA, 06530
Turkey

Jung Wan Lee (Contact Author)

Boston University - Department of Administrative Sciences ( email )

808 Commonwealth Avenue
Boston, MA 02215
United States
617 358 5627 (Phone)
617 353 6840 (Fax)

HOME PAGE: http://www.bu.edu/met

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