Turkey is a member of the World Trade Organization (WTO). It has signed free trade agreements with the European Free Trade Association (EFTA), Israel, and many other countries. In 1992 Turkey and 10 other regional nations formed the Black Sea Economic Cooperation (BSEC) Council to expand regional trade and economic cooperation. Turkey chaired BSEC in 2007 and hosted in Istanbul the 15th BSEC Summit in June 2007. | Turkey is a member of the World Trade Organization (WTO). It has signed free trade agreements with the European Free Trade Association (EFTA), Israel, and many other countries. In 1992 Turkey and 10 other regional nations formed the Black Sea Economic Cooperation (BSEC) Council to expand regional trade and economic cooperation. Turkey chaired BSEC in 2007 and hosted in Istanbul the 15th BSEC Summit in June 2007. |