International Conference on Eurasian Economies

4-5 November 2010 – Istanbul, TURKEY

Paper detail

Paper ID : 222
Status : Paper published
Language : Turkish
Topic : International Trade and Globalization
Presenter: Prof. Dr. Volkan Öngel
Session : 1C Uluslararası İlişkiler

An Alternative Foreign Trade Market for Turkey: The Eurasian Economic Community
Türkiye İçin Alternatif Bir Dış Ticaret Pazarı : Avrasya Ekonomik Topluluğu

• Prof. Dr. Volkan Öngel (Istanbul Beykent University, Türkiye)

Abstract

The Eurasian Economic Community (EEC) is an international organization that has been created by five Commonwealth of İndependent States countries (Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan) on October 10th,2000. The object of this organization was promote the creation of a customs union and the common economic space. After ten years in 2010, three countries (Belarus, Russia and Kazakhstan) made a custom union agreement as a second step. And the target is to establish a common economic space by 1 January 2012, a single market for goods, investment and labor. This custom union creates a common market of 170 million people with a $2 trillion economy, $900 billion trade and 90 billion barrels of oil reserves. This three countries have a strategic geopolitical position, rich producer goods reserves:especially oil and natural gas. The economic structure of this three countries can be explain as consumer goods importer, producer goods exporter. This is the exact opposite of European Union economic structure. Therefore, this paper argues that The Eurasian Economic Community would be a good foreign trade market alternative of EU for Turkey. Hence this paper tries to analyse the trade opportunities of this market for Turkey’s export. This paper based on the statistical foreign trade datas of relevant countries.

JEL codes: F15, F17

Öngel, Volkan (2010). "An Alternative Foreign Trade Market for Turkey: The Eurasian Economic Community" in Proceedings of International Conference of Eurasian Economies 2010, pp.86-91, Istanbul, TURKEY.

DOI: https://doi.org/10.36880/C01.00222

Full paper in PDF format.

Session 1C: Uluslararası İlişkiler