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Trade Policy Review of Turkey

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  • Serdar Altay

Abstract

This paper examines the WTO's 2023 Trade Policy Review (TPR) of Turkey, covering 2016–2022. As Turkey marked its centenary in 2023, the TPR allows for critical reflections on Turkey's global and European economic integration and its evolving economic policies. The review period witnessed key developments: heightened tensions with the European Union (EU), the country's transition into a presidential system, and the impacts of COVID‐19 and the Ukraine war. Turkey continued its state‐led development and proactive industrial policy post‐Global Financial Crisis, aiming to reduce the current account deficit, diversify exports, advance technological sophistication and enhance its position in global value chains (GVCs). Recently Turkey has further aligned its import–export regimes and trade negotiations with these strategic goals, increasing its Most Favoured Nation tariffs and adopting localisation strategies to support key sectors. Turkey navigated the pandemic effectively, bolstering its role in global supply chains, as indicated by its increased trade‐to‐GDP ratio. This underscores its economic resilience and strategic location. However, Turkey's trade policies are increasingly diverging from those of the EU, its main trade and supply chain partner and Customs Union ally. Turkey's new Regional Trade Agreements aim for deeper sectoral integration with partners other than the EU.

Suggested Citation

  • Serdar Altay, 2024. "Trade Policy Review of Turkey," The World Economy, Wiley Blackwell, vol. 47(9), pages 3861-3892, September.
    • Handle: RePEc:bla:worlde:v:47:y:2024:i:9:p:3861-3892
    DOI: 10.1111/twec.13609
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    Cited by:

    1. Ayca Nur Sahin Demirel, 2025. "Investigation of the Wheat Production Dynamics Under Climate Change via Machine Learning Models," Sustainability, MDPI, vol. 17(5), pages 1-17, February.

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