International economic integrations for parties or non-parties countries: Turkey s state in the examples of TTIP, CETA and CPTPP

Abstract

Purpose – Growing markets with the emergence of trade in the direction of meeting the needs have manifested itself in the widespread of international trade with the increasing influence of the world population and globalization. As a result of these developments, trade volumes between countries have increased. On the other hand, the rapid change and growth experienced in world trade push the countries into an effort to manage and direct foreign trade as integrated with each other as far as their sovereignty is concerned. This effort exposes economic integration activities. In any case, integration creates different effects in terms of the countries inside and outside. Methodology – In this study the effects of comprehensive free trade agreements on Turkey are investigated both in terms of foreign trade and value -added test. Findings – In this study the effects of integrations which Turkey is a member and is not are studied. If some additional measures and specific strategies are not executed, it will inevitably arise that Turkey would be affected negatively from the economic integrations which are involved. Conclusion – Turkey's trade surplus has a potential to achieve but there arises a need for caution in terms of the conduct of trade policy.