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However, following steps taken by Turkey's main opposition party CHP, the modifications brought by the 2003 by-law were declared as void by the Constitutional Court of Turkey on 26 April 2005, in a decision to enter into effect as of 27 July 2005 and the purchase of real estate by foreign nationals was suspended until a modified law dated 7 January 2006 was brought into effect.
Basic objectives of the Free Zones are promoting export oriented investment and production, accelerating foreign direct investment and technology access, directing enterprises towards export, developing international trade. Currently, the list of zones is as follows: Below is the list of free zones in Turkey. [1]
Agriculture is still an important sector of Turkey's economy, and the country is one of the world's top ten agricultural producers. [1] Wheat, sugar beet, milk, poultry, cotton, vegetables and fruit are major products; [2] and Turkey is the world's largest grower of hazelnuts, [3] apricots, [2] and oregano.
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an exporter ; the foreign buyers is an importer . [ 1 ]
In 1990, Turkey's total exports increased to 13 billion U.S. dollars, of which the proportion of agricultural products in total exports fell to 25.5%, and the proportion of industrial products in total exports rose to 67.9%. In 1997, Turkey's total exports reached US$26.2 billion, of which agricultural products accounted for only 20.8% of total ...
The customs union increased both imports and exports in Turkey, [3] as well as its GDP per capita. [4] Turkey's membership of the customs union is recognised as having played a significant part in its economy's transition from agrarian to industrial.
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This page lists the free trade agreements signed by Turkey. [1] In 1995, Turkey signed a customs union with the European Union for goods, excluding agricultural products and services. As of 2018, EU has been Turkey's main trade partner with 50% of its exports and 36% of its imports. [2] Turkey – European Union Customs Union (EUCU)