EP approves revision of EU-Turkey customs union

European Parliament approved a resolution envisaging a more functional Customs Union between Turkey and the European Union.

EP approves revision of EU-Turkey customs union

 

The European Parliament approved a resolution envisaging a more functional Customs Union between Turkey and the European Union.

The Parliament unanimously approved the non-binding resolution drafted by Metin Kazak, a Bulgarian parliamentarian of Turkish descent.

The resolution says redundant testing and certification rules that obstruct trade between the EU and Turkey should be removed, and Ankara should meet all its trade-related obligations.

MEPs also welcomed the outcome of Turkey's recent referendum on constitutional reform.

"All unnecessary barriers to EU-Turkey trade, such as non-recognition of certification, duplicative testing, multiple inspections, technical regulations and standards, should be removed," said MEPs in the resolution.

The Parliament urged Turkey to cease discriminating foreign firms by granting a 15 percent price advantage to Turkish bidders for public procurement contracts.

It said that counterfeit products, including pharmaceuticals and cosmetics, were a major problem in European Union-Turkey trade relations and called on Turkey to prevent it.

MEPs also noted that due to the European Union-Turkey customs union, third countries that have free trade agreements with the Union get preferential access to the Turkish market, but Turkey's exports do not enjoy reciprocal access to their markets.

The resolution notes that the European Union-Turkey customs union, established in 1996, has helped bring about considerable market integration, especially in the field of the free movement of goods, and consider that the customs union agreement, which covers all industrial products and processed agricultural goods, could now be extended to cover other areas, such as services and public procurement.

According to the resolution, Turkey is the EU's seventh-largest trade partner and the EU is Turkey's largest trade partner. In 2009, Turkey exported goods worth 33.6 billion euro to the EU, and imported goods worth 40.4 billion euro from it.

Furthermore, 88 percent of foreign direct investment in Turkey comes from the EU.

AA

Last Mod: 21 Eylül 2010, 16:13
Add Comment