Turkish Official: Updating Customs Union Agreement Will Be in Less Than a Year

Turkish Economy Minister "Nihat Zeybekci", stressed that the customs union agreement with the EU will be updated, and will include new sectors...

Turkish Official: Updating Customs Union Agreement Will Be in Less Than a Year
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2017-02-28 Last update 2020-11-23

Turkish Official: Updating Customs Union Agreement Will Be in Less Than a Year

Turkish Economy Minister "Nihat Zeybekci", stressed that the customs union agreement with the EU will be updated, and will include new sectors.

He explained in a speech at the Turkish Uzbek Business Forum in Istanbul, that the agreement will include after being updated new areas, such as agriculture, food, e-commerce, and services.

He added that Turkey's exports to Europe will rise from % 49 to %60 after updating the agreement.

The customs union agreement with the European Union is expected to be updated, during the current year, or maximum early next year 2018, that is according to The Minister of the Turkish economy.

The customs union agreement with the European Union is expected to be updated during the current year, or maximum early next year 2018, that is according to The Minister of the Turkish economy.

Turkey is the fifth largest economic partner of the EU, where the mutual trade volume is up to about $ 140 billion annually.

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