Eurasian Economists Association

International Conference on Eurasian Economies

29-31 August 2016 – Kaposvár, HUNGARY

Paper detail

Paper ID : 1668
Status : Paper published
Language : English
Topic : Regional Economics
Presenter: Asst. Prof. Dr. Kerem Toker
Session : 1A Regional Studies

A Crossroad For Turkey: European Union Or Eurasian Economic Union


With a long and complicated history with Turkey's EU relations began in 1963 with Ankara Agreement. Turkey has been engaged the full membership since 2005 but nevertheless it could not have achieved results during the negotiations. Behind the slow pace of Turkey's membership, many political and cultural barriers can be shown. The events showed that reveals Turkey cannot be an EU member as soon as possible. This case may cause the Turkey have different pursuits in the political world arena. Turkey moved away from the EU, it can be motivated to participate in different political and economic union at the same time. Because, the world is constantly changing in terms of economic and political conditions and Turkey is hard to question the position in these new conditions. Founded in 2015 Eurasian Union has similar cultural and historical heritage alongside the geographical closely EAEU with Turkey. This common history may create opportunities for both sides. In this study, economic, social and political relations between Turkey and the EAEU countries are briefly discussed. Datas about this issue were gathered by Eurostat,, and etc. official data sources. The findings were compared with similar indicators between Turkey and the EU. So the EAEU is evaluated likely to be an alternative political and economic union to Turkey. Such a vision changes in Turkey will revise its economic and political stability of the region. This paper may contribute to further studies by providing a solid base.

JEL codes: F02, N60, F59

Başeğmez, Nergiz, Toker, Kerem (2016). "A Crossroad For Turkey: European Union Or Eurasian Economic Union" in Proceedings of International Conference of Eurasian Economies 2016, pp.6-13, Kaposvár, HUNGARY.

Full paper in PDF format.

Session 1A: Regional Studies

Eurasian Economists Association Beykent University Kaposvár University Kyrgyzstan-Turkey Manas University Turkish-Hungarian Businessmen Association TIKA