The Modernisation of the Eu-Turkey Customs Union

Abstract

The European Union is a sui generis, supra-nation organization. After the World War II, step by step, the European Union has turned from a regional trade collaboration into a political integration and become successful during the rise of globalization. The historical signification and geographical location of Turkey and its relationship with Europe gained an economical dimension with the Ankara Agreement of 1963 and the final step of this agreement, the Customs Union of 1995, Turkey tried to integrate into the Western Market Economy. In this study, we will analyze relations between Turkey and EU within the context of Customs Union, internal dynamics and external agents of Turkey that executes full membership process to EU. In addition to this, advantages and disadvantages of Customs Union, reviews and suggestions of the modernization in Customs Union will be presented.