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The Turkey-EU customs union has eliminated tariffs, quantitative restrictions and measures of equivalent effect in trade in industrial products to ensure the free movement of goods. As a result of the customs union, Turkey has opened its internal market to competition in the EU and third countries, while guaranteeing its exporters free access to the EU market. In addition, Turkey is committed to adapting to the preferential regimes that the EU applies to third countries and to harmonising its legislation with the EU acquis in a wide range of areas, including technical standards and regulations, as well as competition policy. However, agricultural trade is carried out between the contracting parties under the preferential system; trade in steel products is governed by the free trade agreement between Turkey and the European Coal and Steel Community. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. In December 2015, Turkey and Israel began talks on restoring diplomatic relations; [10] However, disagreements between the parties continue. [11] On 27 June 2016, a reconciliation agreement was announced to end six years of disruption in relations between the two countries. Cyprus and Israel have signed an agreement to demarcate their maritime borders to facilitate offshore gas exploration. Cypriot Foreign Minister Markos Kyprianou and Israeli Infrastructure Minister Uzi Landau signed the agreement in Nicosia. The aim is to facilitate the search for mineral resources in the eastern Mediterranean, where huge reserves of natural gas have been discovered. Turkish sources said that the Foreign Ministry had summoned Israel`s ambassador to Turkey, Gabby Levy, and expressed its displeasure with the agreement.

[158] The Israeli energy company Delek Group seeks to cooperate with Cyprus in the field of natural gas exploration and production, where Delek already operates. [159] In the 2002 elections in Turkey, the Justice and Development Party, also known as the AKP, won a landslide victory.