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.
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