ABSTRACT
In economic terms, the European Union (EU) covers about half of Turkey’s trade relations. Turkey is a member of other politically relevant European institutions including the Council of Europe and the Conference on Security and Cooperation in Europe. EU transport policy will be made applicable to Turkey, trade policy vis-a-vis third countries will be coordinated, and the general economic policy of both sides will be guided by the same principles. An important exception, however, was trade in textiles and clothing which later came under the EC textile policy in the framework of the international Multi-Fiber Arrangement. The implementation of the Ankara Agreement and the Additional Protocol never really took off until the early 1990s. The Turkish government confirmed its readiness to finalize the establishment of a customs union with the EC by 1995. The perennial Greek-Turkish conflict became an issue in Turkish-EC relations after Greece had achieved EC membership.
