P.A. Turkey

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.

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