Stabilisation And Association Agreement Turkey

Others aim to support the economic development of partners, as in the case of African, Caribbean and Pacific (ACP) countries. Still others try to promote free trade between the two sides while reconciling the legal order of the partners with EU law, for example the agreements on the creation of a European Economic Area concluded with the European Free Trade Association (EFTA) countries, Norway, Iceland and Switzerland. However, agreements can also help stabilize a region in crisis. Countries wishing to cooperate closely with the EU can conclude a Stabilisation and Association Agreement with the European Union. Such agreements are particularly common in trade policy. Depending on the organization of the contract, different reciprocal rights and obligations are conferred on the associated partner. .