THE EFFECTS OF ECONOMIC RELATIONS BETWEEN TURKEY AND EUROPEAN UNION ON TURKEY’S CANDIDATE PROCESS AND MACRO ECONOMIC PERFORMANCE

Turkey is one of the candidate countries to European Union (EU) and it was also affected by this process. Turkey’s membership process to EU is becoming more important for both sides, especially by the effects of recent economic development in Turkey. When it is considered the two of third of direct foreign investments come from EU countries to Turkey, it will be easy to understand that why this process is important. The big share of EU countries in Turkey’s foreign trade makes necessary for investors to invest directly in Turkey. The aim of this study is to search what are the effects of economic relations between Turkey and EU on Turkey’s candidate process. In this study, the effects of Turkey’s foreign trade and investments relations on Turkey’s membership process are analyzed and also asserted the effects EU-Turkey relations on Turkey’s macro economic indicators