07.01.2015 - 02:47 [ Trend ]

European markets no longer priority for Turkey

Turkey is a member of the EU Customs Union and if the EU and the US sign an agreement on Transatlantic Trade and Investment Partnership (TTIP), this will certainly damage Turkey.
If the agreement is signed, US goods will be delivered to the Turkish market free of duty, meaning a loss of billions of dollars for Ankara.

Turkey will possibly withdraw from the EU Customs Union if this agreement is signed.