Free
Trade Agreements are agreements that enable two or more countries to create a
free trade area by removing tariff and non-tariff barriers affecting trade
among themselves.
Parties
do not create a common customs tariff against third countries outside the
agreement and each member country can apply customs duties according to their
own national income.
Within
the framework of Free Trade Agreements, practices such as reduced customs
duties on imports and exports, reduction or complete elimination of trade
restrictive procedures, quotas and standards ensure that the companies of the
contracting countries are more advantageous than the companies of the countries
outside the agreement.
Agreements
can cover trade in goods and services, as well as intellectual property rights,
investments, government procurement and competition policies.
The
reduction of protectionism in the domestic market through agreements provides
the opportunity to benefit from the opportunities in the markets of other
parties. With the increase and acceleration of trading activities between the
parties, Free Trade Agreements also positively affect the growth figures of the
countries.
Thanks
to the agreements that will attract foreign investors who want to benefit from
the volume created by the trade between the parties, foreign capital flow is
also ensured for the development of local industry and the increase of domestic
enterprises.
In
addition to its benefits to the economy, Free Trade Agreements can also be seen
as a tool that strengthens diplomatic relations in a global competitive
environment.
When
the foreign trade data is analyzed, it is seen that the exports and imports of
Turkey with the countries with which it has signed a Free Trade Agreement show
an increasing trend in general, although they have decreased in some years.
When
the foreign trade data is analyzed, it is seen that although the export and
import value of Turkey with the countries with which it has signed a Free Trade
Agreement has decreased in some years, it generally shows an increasing trend.
World
Trade Organizations- Regional Trade Agreements Database
The
Regional Trade Agreements (RTA) Database
was established in 2009 as part of the World Trade Organization (WTO)
Transparency Mechanism for Regional Trade Agreements. It was developed and
maintained by the RTA Section of the WTO Trade Policy Review Division.
This
database contains the legal texts and annexes of all Regional Trade Agreements
notified to the WTO, preferential tariff and trade data provided by the parties
to the agreement, as well as other relevant information. Users can also find
out about selected provisions covered by the RTAs currently in effect.
Preferential
tariff commitments, available for a subset of RTAs, can be accessed through the
preferential tariff analysis tool.
In
short, a database is an organized collection of structured data that is
gathered for a specific purpose and stored electronically in a computer system.
Data becomes easily accessible, manageable and organized thanks to databases
that aim to make data processing and querying more efficient.
Trade
Atlas, the world's most comprehensive trade database, is a global
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countries around the world. Trade
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