Turkey: Trade Policy Review

34 Pages Posted: 31 Oct 2005

Abstract

The purpose of the paper is to discuss the main issues highlighted in the Trade Policy Review: Turkey 2003. The paper studies first the main developments in Turkey's trade regime and trade performance. Next it discusses Turkish trade policy emphasising the measures affecting imports, exports and foreign direct investment. The paper points out that agriculture is highly protected, and that autonomous reforms have been implemented in some of the services sectors of the economy. Since joining the EU will require Turkey to adopt and implement the whole body of EU legislation - the acquis communautaire - in all areas, Turkey needs to liberalise its agricultural and services sectors further. Finally, the paper discusses an issue that has largely been neglected in Trade Policy Reviews. It is the sustainability of current account. The paper stresses that Turkey needs to pay close attention to the sustainability of the current account.

Suggested Citation

Togan, Subidey, Turkey: Trade Policy Review. The World Economy, Vol. 28, No. 9, pp. 1229-1262, September 2005, Available at SSRN: https://ssrn.com/abstract=803910

Subidey Togan (Contact Author)

Bilkent University ( email )

Bilkent, Ankara 06533
Turkey

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