The effects of Customs Union to the Turkish economy

iiiiiiABSTRACTNowadays there has been a competition due to economical improvements in theworld in this circumstances, the countries have been in competition in order to followthose improvements. It is possible for these countries to be succesful in this competitionby being member of some global organizations such as World Trade Organization orsome regional organizations such as European Union and Custom Union.European Union is one of the important economical among European countries.Turkey aims to have full membership in this union. This partnership with Ankara pact.Custom Union or one of important part of Ankara Pact, which is the most importantimprovement affecting our economy has been completed on 1 January 1996.This research looks at the historical improvement of Custom Union signedbetween Turkey and European Union. It focuses on how this Custom Union affectsTurkish economy in terms of static effects and dynamic effects which has beenappeared recently.