Introduction
The European Union (EU) and the Turkish government have decided to work toward upgrading their Customs Union.[1] The decision comes at a time when two major U.S.-led projects, the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), are slowly but surely progressing. The Obama administration is in the process of seeking trade promotion authority that, if granted, is expected to enable the administration to conclude TPP and launch the next phase in the TTIP negotiations. These two projects, if both successful, would enable greater trade between these blocs of countries that command roughly two-thirds of the world’s …read more
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