As the EU and the US continue discussions on forming a wide-ranging Transatlantic Trade and Investment Partnership, Nurettin Canikli, Turkey’s Minister of Customs and Trade, tells The Worldfolio that that his country may be reluctantly forced to eradicate its 20-year Customs Union with the EU if its serious concerns about the impact of the TTIP on its economy are not taken into account. TTIP would remove tariffs, cut red tape and reduce restrictions on investment between the EU and US, but Turkey fears its existing Customs Union will allow American firms unfettered access to the Turkish market without reciprocal benefits.
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