Interim Free Trade Agreement between the Republic of Turkey and Palestine Liberation Organization for the Benefit of the Palestinian Authority was signed on 20 July 2004 in İstanbul and entered into force on 1 June 2005.
With the Turkey-Palestine FTA, tariffs and non-tariff barriers were eliminated in trade between Parties. Also, Agreement regulates numerous subjects such as sanitary and phytosanitary measures, state monopolies, public procurement, payments and transfers, state aid, intellectual property rights, internal taxation, balance of payments, anti-damping, safeguard measures, rules of origin and structural adjustment.
Concerning industrial products, the Parties abolished on the date of entry into force of this Agreement all customs duties and charges having equivalent effect.
Concerning the basic and processed agricultural products and fisheries, the Parties decided to determine the products which will be subject to preferential treatment by the Joint Committee procedure. Accordingly, during the first Joint Committee meeting, which was held on 6-7 December 2010, it was decided that ‘dates’ originating in Palestine would be granted 1000 tons of tariff rate quota with duty free access to Turkey. The decision has entered into force on 26 November 2012, following the completion of the internal ratification procedures of the both Parties.
The rules on the cumulation of origin are provided in the Protocol II of the Agreement. During the first Joint Committee meeting, which was held on 6-7 December 2010, the aforesaid rules were decided to be amended to comply with the Rules of Pan-Euro-Med Cumulation of Origin. This amendment will enter into force following the completion of the relevant ratification procedures of the both Parties.
The trade volume between Turkey and Palestine was realized as 97.7 Million US $ in 2017 with a decrease of 6% compared to 2016. In 2017, imports from Palestine were 4.9 million US $, whereas exports to Palestine was 87.4 million US $.