European Union's Policy Shift on Trade: Evidence from Turkey and South Korea

Murat Ustaoğlu, Halil Tunalı
2016 International Review of Research in Emerging Markets and the Global Economy (IRREM) An Online International Research Journal   unpublished
The European Union (EU), in consideration of the political and economic developments in respect to the Customs Union (CU) that it had paid attention to in the 1990s, revised its trade liberalization policies and moved from the CU to the free trade agreements (FTA). The change in the trade policies in the EU concerns developing economies. In 1996, Turkey made a trade liberalization agreement with the EU to reduce the tariff rates in the field of industrial products, and influence upon the
more » ... nce upon the exports in manufactured goods while South Korea signed FTA in 2010 with familier concept. Trade liberalization policies hold great importance for the future of the sustainable development for emerging economies. This study wants to identify and offer policy suggestions to problematic areas of the agreements signed with the EU.