Updating Customs Union key for EU-Turkey ties: Trade minister

As European Union membership continues to be a strategic target for Turkey, updating the Customs Union will be a key step to create a positive agenda between both sides, said Turkey's trade minister on March 23. 

Following a videoconference meeting with EU Economic Commissioner Paolo Gentiloni, Ruhsar Pekcan said they discussed wide-ranging issues from Turkish-EU trade ties, updating the Customs Union, and the Green Deal.

The meeting came ahead of an EU leaders' summit on Thursday and Friday where Turkey will be discussed, and Turkey expects positive results, said Pekcan.

Underlining that updating the Customs Union became even more important due to the pandemic and Brexit, Pekcan said Turkey got very strong support on the issue from business circles in Europe.

Despite all its benefits, the quarter-century-old Customs Union is insufficient to meet the expectations of either side under current conditions, she argued.

In addition to systemic and specific structural problems, the current Customs Union does not cover areas such as services and e-commerce, which are growing increasingly important, she added.

"In this respect, the Customs Union falls short of reflecting the true potential of commercial and economic ties between the parties and the vision of our partnership agreement," she said.

"More economic cooperation between the EU and Turkey will provide great benefits to both sides," she added.

On the EU's Green Deal, Pekcan stressed that Turkey has been following its development very closely, saying she hopes "the deal will not cause further protectionist policies."

"We need to work together so that the free movement of the goods will not be blocked," she stressed, adding that accessing finance for...