United States Turkey Free Trade Agreement

The rules of origin (Annex I) are governed by the regional convention on the rules of pan-European origin. This will allow materials to be accumulated from the EFTA, Turkey and other Pan-Euro Med Member States as soon as the relevant agreements between the parties concerned have been concluded. “While this has not been the case in the past, Turkey and the United States could potentially increase their trade. Differences of opinion between the United States and China could create a good opportunity for Turkey to see it,” Vergil said. The EU has decided to focus on bilateral trade agreements as an instrument for boosting growth, with the introduction of its new “Global Europe” trade strategy in 2006. In line with this strategy, the EU has begun negotiating free trade agreements with specific provisions on services, investment, public procurement and intellectual property rights, in order to increase/maintain its competitiveness in global markets. Turkey is preparing for such an environment. After starting and starting negotiations in parallel with the EU, Turkey is also adapting to all the issues covered in the agreements and negotiating next-generation free trade agreements with its potential partners. The provisions relating to the protection of intellectual property rights (Article 15 and a new Annex XII) concern, among other things, patents, trademarks, copyrights and geographical indications. The agreement covers trade in all fish and other seafood (Article 4 and Appendix II). THE EFTA states and Turkey grant duty-free access to imports of all fish and seafood. In 2018, according to official U.S. estimates, Turkey`s trade with the United States was $20.5 billion.

Last year, the Turkish Ministry of Commerce hinted that Ankara intends to increase trade with Washington to $75 billion. With regard to eFTA-Turkey trade statistics, see EFTA`s trade statistics tool in Chapter 6, the parties acknowledge that anti-competitive trade practices can undermine the benefits of liberalization resulting from the agreement. They stress the importance of cooperation and consultation on the application of competition law. In addition, the chapter provides the contracting parties with the opportunity to take appropriate action where anti-competitive practice continues to affect trade despite previous cooperation and consultation. Priority is given to measures that least affect the operation of this agreement. Calls for an FREI trade agreement are not new. Last year, a task force of the Council on Foreign Relations, chaired by former Secretary of State Madeleine Albright and Stephen Hadley, former National Security Advisor, encouraged the continuation of such an agreement or, if not, a partnership that focused on “market access, regulatory compatibility, business facilitation, support for small and medium-sized enterprises and the promotion of advanced technology trade.” More recently, the Obama administration has expressed interest in an agreement with Ankara, in parallel with the TTIP negotiations with Brussels.

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