The Effects of Free Trade Agreements on Turkey’s Foreign Trade: The Application of Revealed Comparative Advantage Index
Journal Title: Uluslararası Ekonomi ve Yenilik Dergisi - Year 2017, Vol 3, Issue 2
Abstract
n particular to European Union, many countries sign free trade agreements with the other countries by eliminating the trade barriers to enhance foreign trade volume and to gain socio-economic benefits. Turkey has been signing free trade agreements with the countries that European Union signed before, both for its being a requirement for customs union and not to face with a disadvantageous position in foreign trade. Turkey carries out approximately 12 % of its export and 9% of its import with the countries that she signed free trade agreement. In this study, Turkey’s comparative advantages in terms of the trade made with free trade agreement countries for 2012-2016 period are analyzed. According to the data obtained, it is clearly seen that while Turkey has comparative advantage at food and live animals, beverages and tobacco, and at group of some miscellaneous manufactured articles, it has comparative disadvantage in terms of crude materials except for fuel, fats and waxes, candles and chemicals and related products, n.e.s.
Authors and Affiliations
Cemalettin Kalaycı
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