Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
Turkey wants the modernization of its Customs Union with the European Union — off the agenda for years — to be part of the equation as diplomatic traffic on the Cyprus issue accelerates, more than three European diplomats confirmed to Turkey in Depth.
Four stars descended from the EU in full dress, Kallas, Kos, Brunner, Dombrovskis, no less, Suitcases of talking points, Customs Union too, Connectivity, the new buzz-word, gathering diplomatic dew.
In a July 2 joint statement with the European Union following the High-Level Economic Dialogue, Turkey agreed that EU-Turkey relations “should continue to be guided by values, such as respect for the rule of law, fundamental rights, democracy and media freedom.”
The European Union’s push to conclude free trade agreements (FTAs) is reshaping the economic landscape around its periphery. Chief among these is the long-negotiated EU–Mercosur Trade Agreement, alongside accelerating talks with India. While these agreements are formally bilateral between the EU and third parties, their implications extend well beyond signatories. For Turkey, which is bound to the EU through a customs union covering industrial goods, these deals carry direct consequences—despite Ankara not being a negotiating party.
Baykar will begin manufacturing unmanned aerial vehicles in Italy for the European market, a move that will allow its systems to carry a “Made in EU” label and gain customs advantages across the bloc, while the company also plans a logistics base and service network in the United States.
Overseas shopping got more expensive after new regulations ended the customs exemption for individual purchases of less than €30.