1838 Treaty of Balta Liman and Decision No 1/95 of the Association Council

The Treaty of Balta Liman has been signed in 1838. With this treaty, the Ottoman Empire had been politically and economically included to the European capitalism, thus the whole Empire couldn?t survive to be transformed into such European market.Within the framework of the Decision No 1/95 of the Association Council, Custom Union which lets free movement of industrial goods and processed agricultural goods, had been completed on the 1st of January 1996, after a 22 years period of transition.This study has been divided into three main parts. In the first part we will examine the political and economic circumstances of The Empire in the 19th century, that the Treaty of Balta Liman was signed. Second part of the study includes the Decision No 1/95 of the Association Council that Establishes the Custom Union between Turkey and European Union. In the third and final part, the Treaty of Balta Liman and Decision No 1/95 of the Association Council will be examined, concluding that both Decision No 1/95 of the Association Council and the Treaty of Balta Liman have several similarities and differences. However, concerning the economical side of the issue, Decision No 1/95 of the Association Council can be regarded as advantegous for the European Union and disadventegous for Turkey.