Business, Politica, Top Stiri

Turkey shows Britain that a customs union can hurt

Meleșcanu

British fans of a customs union after Brexit would do well to take a long, hard look at Turkey.

Twenty-three years after it came into force, the EU’s customs union with Turkey is buckling under the strain. Ankara claims that it is getting a raw deal and last year started imposing protective tariffs on a number of imports from the EU. European officials warn that these new duties undermine the whole point of an agreement designed to promote tariff-free trade.

Source: politico.eu

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