Free Trade Agreement Of Turkey

    Free Trade Agreement Of Turkey

    The provisions relating to the protection of intellectual property rights (Article 15 and a new Annex XII) concern, among other things, patents, trademarks, copyrights and geographical indications. The parties recognize that economic development, social development and environmental protection are interdependent. In Chapter 7, they reaffirm their commitment to multilateral contracts and principles in the environment and work and commit to a level of protection by recognizing the right of each party to set its own level of environmental and labour protection. Arbitration procedures do not apply to this chapter. The following agreements have been replaced by the customs union between the European Union and Turkey: without prejudice to the WTO provisions, the customs union between Turkey and the EU provides an important legal basis for Turkish free trade agreements. Within the framework of the customs union, Turkey is directing its trade policy towards the EU`s common trade policy. This harmonization concerns both autonomous regimes and preferential agreements with third countries. The agreement provides for effective access to industrial product markets in the form of tariffs and rules of origin, which will create EFTA and European parity for EFTA exports to Turkey. Since 1 January 1999, all industrial products, with the exception of certain products of the European Atomic Energy Community (Euratom), originating from the EFTA states, have access to Turkey duty-free. Since the agreement came into force, industrial products originating in Turkey have benefited from duty-free access to EFTA states. Chapter 3 closely follows the approach of the WTO`s General Agreement on Trade in Services (GATS). It covers trade in all service sectors under the four types of supply. Separate annexes on the recognition of service provider qualifications (Annex X), the free movement of individuals providing services (Annex XI), e-commerce (Annex XIII), telecommunications services (Annex XVI), co-productions (annex XV), financial services (Annex XVI), health services (Annex XVII), tourism and travel services (Annex XVII) and international road and logistics transport services (Annex XIX) complete the chapter with additional disciplines specific to these sectors.

    The lists of contracting parties with specific obligations and derogations from the treatment of the most favoured nation (MPF) are listed in AppendixES XII and IX respectively. These lists are subject to regular revision to further liberalize the exchange of services between the two parties. One of the objectives of the agreement (Article 1) is to promote the harmonious development of economic relations between the contracting parties by extending mutual trade. The agreement contains provisions relating to the elimination of tariffs and other trade barriers, as well as other trade-related disciplines, such as competition rules, intellectual property protection, public procurement, state monopolies, state aid, payments and transfers. A joint committee was established to oversee the agreement.

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