Turkey’s economic reforms could be strengthened by continued
structural adjustment, including privatization, and by the improvement
of its multilateral commitments, both in goods and services. These would
enhance its ability to attract foreign investment and the predictability
of its trade regime, according to a report on the trade policies and
practices of Turkey released 19 December by the WTO Secretariat.
The report says that since 1998, Turkey has implemented four
stabilization programmes but they are yet to show full and sustainable
effects. The economic situation remains fragile and the country’s vast
potential for attracting investment remains largely untapped, in part
because of politico-economic instability, high external indebtedness,
slow progress in the implementation of its privatization programme and
restrictions on foreign direct investment.
The report also calls for further simplification of the tariff which
remains complex, and the extension of the binding commitments to ensure
further integration of Turkey into the multilateral trading system.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the on-line
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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United States: 14 and 16 of
Gambia: 4 and 6 of February 2004
Sri Lanka: 3 and 5 of March 2004