Commercial policy

Turkey breaks export records despite global trade wars and rising protectionism, the country's trade minister said on Aug. 6. 

Turkish Trade Minister Ruhsar Pekcan has warned that protectionist precautions by some countries against short-term economic problems put the whole world trade system at risk.

The positive signals from financial markets after New Democracy's major victory in the 26 May European Parliament election presage the stance of investors toward the Greek economy after the upcoming general election.

The SYRIZA government clearly did not have the will, knowledge, and experience to manage the great challenges with which it was confronted.

Turkey should work harder to attract foreign investment and remain competitive in an era of escalating global competition, the nation's vice president said on April 25.

The population of Bulgaria, Latvia, Poland, Romania, Croatia and Ukraine is declining. In some of these countries - at a drastic pace. And alongside this, the problem of labor shortages is also becoming more and more dramatic.

The United States intends to end Turkey's preferential trade treatment under a program that allowed some exports to enter the United States duty free, the US Trade Representative's Office said on Monday.

Turkey is no longer eligible to participate in the Generalized System of Preferences program because it "is sufficiently economically developed," USTR said in a news release.

The United States slapped sanctions on a Turkish businessman on Feb. 7 for violating US sanctions on Iran.

Turkey has won its first appeal at the World Trade Organization (WTO) against additional U.S. tariffs imposed on steel imports, Trade Minister Ruhsar Pekcan said on Dec. 19.

The European Parliament on Wednesday approved an accord with Japan that has been dubbed the world's biggest trade deal, covering economies that represent a third of the world's GDP, reports AFP.

/Reuters/ Unless U.S.-China trade talks wrap up successfully by March 1, new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a "hard deadline" after a week of seeming confusion among President Donald Trump and his advisers.