Abstract
The level and direction of the relationship between WT (World Trade) and TFT (Turkey Foreign Trade) statistically analysed in this study. For this purpose, in addition to some descriptive statistics, correlation and regression algorithms were utilized to observe the relationship. In addition, point, box and line graphs were used to observe the relative distributions of WT and TFT. According to the results, there is a 99.258 % correlation between WT and TFT. In addition, a linear regression model was designed in which TFT was determined as dependent and WT was determined as independent variable. The model is statistically significant at a confidence level of 0.05 and R, R-square and adj.-R-square explanatory ability rates of the model are 99.2 %, 98.5 % and 98.4 %, respectively. The scatter-plot shows that the binary value points are generally distributed around the linear line. In the box-plot, it is observed that WT has a wider range than TFT, but generally both variables have a symmetrical distribution. Finally, the line graph shows the ordered and consequetive 38-year distribution of both variables. Although the distribution is generally parallel to each other, the upward movement of WT has been observed to be sharper and accelerated in the last 10 years. All these results indicate that TFT has a very strong level of relationship with WT and that WT can be used as an important parameter in understanding TFT.
Highlights
The level and direction of the relationship between WT (World Trade) and TFT (Turkey Foreign Trade) statistically analysed in this study
In every round of negotiations held until that date, significant successes have been achieved, especially in terms of liberalization of trade in industrial products
In the Doha Round (DR), called the “Millennium round” or the Doha Development Round, agricultural issues play a significant role in the negotiations between the trade blocs
Summary
The main functions of the Organization: Ensuring the implementation and supervision of the multilateral and multilateral trade agreements constituting the WT; Establishing a forum for multilateral trade negotiations; To monitor the national trade policies of the member countries; To ensure cooperation with other international organizations related to global economic policy; To assist developing and transition economies to integrate with the multilateral trading system. Article 12, on the other hand, establishes a cooperation mechanism that enables information exchange between the customs administrations of the WTO member countries In this regard, in the first part of the Agreement, which includes the first articles, there are technical provisions for trade facilitation, summarized below. Article 23 of the Trade Facilitation Agreement envisages the establishment of a "National Trade Facilitation Committee" in WTO member countries in order to facilitate the implementation of the provisions of the Agreement within the country and to ensure effective coordination between relevant institutions In this context, the Trade Facilitation Board was established with the (repealed) Prime Ministry Circular dated 3 December 2016 and numbered 2016/27. In order to mathematically represent the relationship between TFT and WT, a regression model was created where the dependent variable is TFT and the independent variable is WT
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Scientific Research and Management
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
