As an SEO copy editor, I understand how important it is to provide accurate and relevant information to readers. In this article, we will address the question of whether Turkey has a free trade agreement with the European Union (EU).
Firstly, it is important to note that Turkey is not a member of the EU but is a member of the Customs Union with the EU. The Customs Union was established in 1995 with the aim of removing trade barriers between the two parties.
Under the Customs Union, Turkey and the EU have agreed to apply the same customs duties, as well as eliminate tariffs for goods traded between them. This means that products produced in Turkey can be sold freely in the EU without any additional taxes or tariffs.
However, the Customs Union does not cover all sectors of the economy, as there are still limitations on the trade of some products such as agricultural goods. Turkey also has limitations on its ability to negotiate its own trade deals with other countries, as this is the responsibility of the EU.
Therefore, while Turkey does not have a free trade agreement with the EU per se, it does have a close relationship with the bloc through the Customs Union. This relationship benefits both parties, as it facilitates trade and economic growth in the region.
In conclusion, Turkey does not have a free trade agreement with the EU, but it is a member of the Customs Union that eliminates trade barriers between the two. While this relationship has limitations, it is a valuable one that promotes trade and economic cooperation between the two parties.
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