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The goal of this paper is to analyze the possible effects of the Transatlantic Trade and Investment Partnership (TTIP) Agreement aimed to be signed between the European Union and the United States by the end of 2015. The TTIP is expected to have important social, economic and political benefits for the European Union and the United States. In this respect, following a short description of the TTIP, the possible effects of this agreement on the European Union, the United States as well as on world trade will be described. The effects of such an agreement on Turkey will also be examined both with respect to Turkey’s already existing relations with the European Union and the United States. In parallel with these, the advantages and disadvantages of the existing Customs Union Agreement between Turkey and the European Union will be evaluated with respect to the TTIP. Based on this analysis, some policy alternatives for Turkey will be proposed that might help Turkey to overcome the current disadvantages that will result from the TTIP and that might strengthen its trade relations with both the European Union and the United States by transforming those disadvantages into advantages.

The Effects of the Transatlantic Trade and Investment Partnership on the European Union and Turkey