Customs Union and Turkey : a comparative analysis of the adjustment processes experienced by Spain and Portugal, and the case for Turkey

Abstract

Customs union is defined as the undisturbed freedom of movement within the EC for goods, services, money, and economic agents. In this study, being highlighted by a comparative analysis, the union to be realized with the European Community and its probable impacts on the Turkish economy have been evaluated. The macroeconomic and sectoral environments have been examined in order to set base to the required adjustment processes, and antieipate and direct the future moves.