Turkey Singapore Free Trade Agreement

According to a list published on the website of the Turkish Ministry of Economy, “attempts are underway to start negotiations” with Indonesia, Vietnam and Thailand, and these agreements will be essential for the development of Turkey`s position with regard to ASEAN and Southeast Asia in general. Turkey can become a dialogue partner of ASEAN, but it must first become a good trading partner. Article 16 of Decision No 1/95 of the Turkey-EC Association Council on the implementation of the final phase of the Customs Union provides, inter alia, for Turkey to take the necessary measures and negotiate agreements with the countries concerned on a mutually advantageous basis. Turkey, Singapore ratifies free trade agreements in an important bilateral TRSFTA milestone seems to be the appropriate recipe, as Singapore is the most suitable partner in the region to constitute an economic axis. It`s not because Turkey and Singapore have a huge volume of trade – they haven`t…