Turkey and EU: Why Erdogan desperately needs a new customs union treaty?

Erdogan has surprised skeptics like the presenter of this video by an eager pragmatism since his victory in May-June election cycle. Real Turkey Channel has already broadcast three videos on Erdogan’s U-turn in economic management, but his moves in foreign policy are no less startling.


In essence, Erdogan has turned upside down a 10 year long stint of “precious loneliness” in foreign policy doctrine in favor of making friends everywhere. In terms of EU, he seems to have understood that in the absence of deeper economic integration and the spill-over effects Turkey stands to lose her most lucrative export and tourist markets.

While the Turkey – EU file is overcrowded with numerous issues that await resolution, the most urgent for Turkish economy is a new and expanded Customs Union treaty. This video explains why the 1995 treaty has aged and over time turned to the disadvantage of Turkish businesses. Then it sets out to explain EU’s prior conditions for ANY reengagement. Finally, it renders an opinion on what is possible.

For more; www.paturkey.com

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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.