Turkey-EU Economic Partnership Discussed at Brussels Summit
The modernization of the Customs Union and the position of the Turkish business world in the process were evaluated at the 2nd EU-Turkey Business Summit held in Brussels.
Economic relations between Turkey and the European Union, the updating of the Customs Union, and the place of the business world in industrial policies were addressed at the 2nd EU-Turkey Business Summit held in Brussels.
Venue and Participants of the Summit
Relations between the European Union and Turkey were discussed at the 2nd EU-Turkey Business Summit held at the Egmont Palace in the union's capital, Brussels. The summit was followed by over 570 participants, including 197 people from Turkey.
Names such as Belgian Deputy Prime Minister and Minister of Foreign Affairs Maxime Prévot, Minister of Trade Ömer Bolat, and EU Commissioner Maroš Šefčovič delivered speeches at the event.
Customs Union and Global Competition
Belgian Deputy Prime Minister Maxime Prévot stated that global competition and disruptions in supply chains have led Europe to review its economic relations. Prévot noted that the current structure of the Customs Union needs to be adapted to changing conditions.
Proposal for 'Made with Europe' Instead of 'Made in EU'
DEİK President Nail Olpak stated that the economic partnership between Turkey and the EU should be developed through the priorities of the Customs Union, industrial ecosystem, and connectivity. Olpak suggested that Turkey should not be excluded from the 'Made in Europe' approach and that a 'Made with Europe' understanding should be adopted.
Trade Volume and Borders
European Round Table for Industry Secretary General Anthony Gooch Gálvez said that the 30-year-old Customs Union model no longer responds to current conditions. Gálvez noted that while goods trade has exceeded 220 billion Euros, services trade has remained at 42 billion Euros.