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The abolition of the customs union between European Union and Turkey to be proposed to the European Council by the President of France Emanuel Macron, according to information from the “Europe 1” network.
As reported by “Europe 1”, France will propose the abolition of the customs union in response to the aggressive rhetoric of the Turkish president Recep Tayyip Erdogan against President Emanuel Macron and his provocative actions in the eastern Mediterranean.
Remember that Greek Chancellor Nikos Dendias also requested the suspension of the customs union Turkey continues to violate it unilaterally by adopting unforeseen tariff, legislative and equivalent measures.
The EU customs union with Turkey has been in force since 1995 and is based on the Ankara Agreement of 1963 and its Additional Protocol (1970). Predict:
Free movement between the two parties to the customs union for covered products that are produced or released for free circulation after importation from third countries into Turkey or the EC
Turkey lineup Community Common Customs Tariff, including preferential agreements, and harmonization of trade policy measures
Approximation of customs legislation, in particular through decisions of the Customs Cooperation Committee (e.g. Decision No 1/2001) and mutual assistance in customs matters
Approximation of other laws (intellectual property, competition, taxation, …)
Preferential agreement on agriculture
However, it is feared that his weapon financial penalties to Turkey could act like boomerang for French and other European companies established in Turkey.
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