TURKISH TRADE: THE PARTERSHIPS AND SANCTIONS

Abstract

Turkey’s foreign trade has not always been what it is today. This paper gives some history and basic information on how Turkey became the important trader it is today. With a brief discussion on the different economic system before the 1980s change to a free market system, current trade facts and figures as well as partnerships and the use of the economic tool of sanctions, we delve into Turkey’s trade and future plans for economic development and establishing itself as a regional power. In the first chapter, general information about the Turkish economy is presented along with a brief history of the economical stances and methods adopted. The changes that opened the Turkish economy to foreign trade are also discussed. In the second chapter, brief statistics are given as to the imports and exports of present day Turkey, as well as some future aspirations the country hold in regards to their trade. Chapter three briefly lists and explains the trade organizations Turkey is a part of and lists some of the sanctions Turkey has taken against other countries.