In order to stimulate and facilitate trade and investment, the following agreements were signed:  The Free Trade Agreement between Turkey and Jordan was repealed on 22 November 2018. Tamer Taşkın, coordinator of the DEİK/Turkey-Africa Economic Council, said that economic relations between the two countries were not yet at a desirable level and added: “We have an obligation to improve and strengthen our economic relations with South Africa. We can cooperate with South Africa in the areas of trade and investment, especially in the fields of textiles, building materials, machinery, infrastructure and construction, agriculture and many others, which are the strongest sectors in Turkey. Mr. Taşkın pointed out that South Africa is one of the leading economies of the African continent and added: “In Turkey`s eyes, South Africa is the country with which we do the most business among sub-Saharan African countries and Africa accounts for about 40% of our business in Sub-Saharan Africa. South Africa and Turkey are the main countries with strong economies in their geographical regions. Investment between Turkey and South Africa and sectors involved in trade were high on the agenda of the conference organized by DEİK in Johannesburg, with the most overcrowded population of the Republic of South Africa and economic relations between the two countries. Participants DEİK/Turkey-Africa Business Councils Coordinator President Tamer Taşkın, South Africa Ministry of Trade and Industry Investment Funds General Manager Sadick Jaffer and business representatives from two countries gathered for the conference. NOTE: There is a discrepancy between the trade figures provided by the South African Customs and Excise Authorities and the Turkish authorities. This is mainly due to the fact that the SA figures indicate trade figures on the basis of the “first country of destination”, while the Turkish figures indicate trade figures based on the “initial country of origin”.
Without prejudice to WTO provisions, the Turkey-EU Customs Union is an important legal basis for Turkish Free Trade Agreements (FTA). Within the framework of the Customs Union, Turkey is orienting its trade policy towards the EU`s common commercial policy. This approximation concerns both autonomous arrangements and preferential agreements with third countries. . . .