What Is an Ankara Agreement

If you`re interested in international business, you may have heard of the Ankara Agreement. The Ankara Agreement is a trade agreement between Turkey and the European Union (EU) that was signed in 1963. It is named after the Turkish capital city, Ankara, where the agreement was signed. In this article, we`ll go through what the Ankara Agreement is, how it works, and what its significance is.

What is the Ankara Agreement?

The Ankara Agreement is a trade agreement between Turkey and the EU that aims to promote economic and social cooperation between the two entities. The agreement was signed in 1963, but it wasn`t until 1996 that Turkey became a customs union member with the EU. The agreement is also known as the “Association Agreement” or the “European Community-Turkey Agreement.”

How does the Ankara Agreement work?

The Ankara Agreement sets out the terms of trade between Turkey and the EU. Turkey is allowed to export its goods to EU member countries without tariffs, and in return, the EU is allowed to export its goods to Turkey without tariffs. The agreement also sets out the terms of access for Turkish workers to the EU labor market.

The Ankara Agreement is structured in a way that allows for progressive integration between Turkey and the EU. The agreement covers trade in goods, services, and capital, as well as the movement of people between Turkey and the EU. It also provides a framework for cooperation in a range of other areas, including agriculture, science and technology, and education.

What is the significance of the Ankara Agreement?

The Ankara Agreement is significant for several reasons. First, it is one of the most important trade agreements between Turkey and the EU. As such, it promotes economic cooperation between the two entities and helps to facilitate trade flows.

Second, the Ankara Agreement has had a significant impact on Turkey`s relations with the EU. Turkey is a candidate country for EU membership, and the agreement has served as a stepping stone towards this goal. The agreement has allowed Turkey to align its economic and social policies with those of the EU, and has helped to bring it closer to EU membership.

Finally, the Ankara Agreement is significant because it has had an impact on the lives of Turkish citizens. The agreement has allowed Turkish workers to access the EU labor market, and has facilitated the movement of people between Turkey and the EU. This has had a positive impact on the lives of Turkish citizens, and has helped to foster closer ties between Turkey and the EU.

Conclusion

The Ankara Agreement is an important trade agreement between Turkey and the EU. It is structured in a way that allows for progressive integration between the two entities, and has had a significant impact on Turkey`s relations with the EU. The agreement promotes economic and social cooperation between Turkey and the EU, and has had a positive impact on the lives of Turkish citizens. As such, it is an important agreement to understand if you`re interested in international business or European politics.

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