AI Summary & Key Takeaways
AI InsightNow it is time for Turkey to advance on the road of economic integration.
📌 3 Key Takeaways
Özet
Öz In this study, the recent situation of EU economic integration and Turkey's membership to EU is investigated. First of all, the phases of economic integration process named as "Custom Unions", "Common Market", "Single Market", "Single Currency" are explained briefly. In addition, fiscal aids which constitute the social dimension of economic integration is examined. The latter headers of the study evaluate the economic dimension of Turkey-EU relations which could not exceed the Customs Union stage. On the other hand; this study points out that Turkey reached to competative power among EU countries due to having a 50 billion $ of export volume in the year 2003. Customs Union which decreed on 1.1.1996 has an important role in reaching this level of competition. Now it is time for Turkey to advance on the road of economic integration.