Turkey: Trade Minister Pekcan calls for modernization of Customs Union Agreement

Turkey: Trade Minister Pekcan calls for modernization of Customs Union Agreement

In a teleconference with Valdis Dombrovskis, EU Trade Commissioner and Executive Vice President of the European Commission, the Turkish Minister of Commerce stated that the Customs Union agreement does not meet current needs.

Aside from the systemic and structural problems detected, the agreement furthermore does not cover areas such as services and e-commerce, Ruhsar Pekcan said in an official press release on Wednesday.

The pandemic challenges facing the global economy have raised the need to update the Customs Union, she noted.

“It is important that we extend the existing agreement to include new areas and update it to address structural problems. We expect support from the European Commission in this matter,” she added.

Pekcan noted that Dombrovskis, who took office in October, would improve relations between Turkey and the EU and contribute to a more effective dialogue.

Referring to the free trade agreement with the United Kingdom, she said that Turkey aims to implement the agreement at the same time as the EU.

The United Kingdom, which left the EU in January 2020, represents one of Turkey’s most important trading partners and export destinations. Under the new Brexit terms, the two countries require a trade agreement to continue trade relations effectively.

Finally, she added that the EU should review its protectionist policies on steel imports, which are particularly affecting Turkey. /ibna