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Rapprochement with Turkey harbors great opportunities for the economy


A deepening of the customs union with Turkey is imminent. German companies could also benefit from this when expanding into other regions. Relations between the European Union and Turkey could hardly be more complex. The signs are currently pointing to progress again. On Thursday and Friday, the heads of government want to pave the way for a deepened customs union at their summit. Turkey has met the EU, for example, on issues of regional peculiarities. Such a step would be of great importance for the German economy in Turkey. “We believe that a deeper understanding is necessary,” said Steven Young, CEO of Bosch in Turkey and President of the German-Turkish Council for Economic Exchange in the Turkish foreign trade association Deik. “An expansion of the customs union paves the way for economic growth on both sides,” said a spokesman for Mercedes-Benz in Turkey.