Business Excellence, Vol. 14 No. 1, 2020.
Review article
https://doi.org/10.22598/pi-be/2020.14.1.173
TURKEY IN EUROPEAN CONTEXT OF INTERNATIONAL TRADE
Tihana Sudarić
; Sveučilište Josipa Jurja Strossmayera u Osijeku, Fakultet agrobiotehničkih znanosti Osijek, Zavod za bioekonomiju i ruralni razvoj
Lucija Bencarić
; Sveučilište Josipa Jurja Strossmayera u Osijeku, Fakultet agrobiotehničkih znanosti Osijek, Studentica diplomskog sveučilišnog studija Agroekonomika
Ružica Lončarić
; Sveučilište Josipa Jurja Strossmayera u Osijeku, Fakultet agrobiotehničkih znanosti Osijek, Zavod za bioekonomiju i ruralni razvoj
Abstract
Foreign trade has great significance in the economy of each country through a
multiplier effect reflected not only through economic components but also through
socio-cultural development. The aim of the paper was to identify Turkey in the
European context of international relations, that is, to highlight Turkey's comparative
and competitive role in foreign trade. Factors of the relationship between the Republic
of Turkey and the European Union are: demographic aspects, sociological and cultural
differences, access to critique, economic aspects and political challanges. In the last
two decades, the EU and Turkey customs union was the cornerstone of bilateral trade.
At that time, Turkey became the world's fifth largest trade with the EU on a global scale
worth EUR 140 billion in 2017. Similarly, the EU is Turkey's most important trading
partner, representing 41% of Turkey's global trade. The research in this paper is based
on the analysis of secondary data sources, and synthesis and descriptive methods have
been applied in the interpretation of the obtained results and the formation of
conclusions. The results of the study show that Turkey's integration into the European
Union is determined by both "hard" economic utility factors and "soft" factors such as a
sense of identity, religion or attitudes towards immigrants. Although Turkey shows
positive economic trends in the European context, "soft" factors still represent the
primary barrier to integration. The great migration crizis that began in 2015, and
continues today, has again put Turkey at the center of geopolitical interest, but also
emphasized the interdependence of Turkey and the EU and the conceptualization of a
new model of mutual relations.
Keywords
foreign trade; import; export; culturological differences the Republic of Turkey; European Union.
Hrčak ID:
239263
URI
Publication date:
17.6.2020.
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