In addition, the Chapter provides the Parties with the opportunity to take appropriate action where an anti-competitive practice continues to affect trade, despite prior cooperation and consultation. Priority shall be given to measures which least disturb the functioning of this Agreement. The modernised Free Trade Agreement BETWEEN EFTA and Turkey was signed on 25 June 2018 and covers trade in goods (industrial products, seafood and processed agricultural products), trade in services, protection of intellectual property rights, public procurement, competition, trade and sustainable development. In addition, the updated bilateral agricultural agreements between the various EFTA countries and Turkey continue to be part of the instruments for the creation of the free trade area. Trump`s move had shaken the Turkish lira. Since then, relations between the two countries have become strained, ranging from differences of opinion ranging from Ankara`s planned purchase of a Russian missile system to diverging interests in Syria. The objective of the Agreement (Article 1) is, inter alia, to promote the harmonious development of economic relations between the Contracting Parties by developing reciprocal trade. The agreement includes provisions to eliminate tariffs and other barriers to trade, as well as other trade-related disciplines, such as competition rules, intellectual property protection, government procurement, state monopolies, state aid, payments and transfers. A Joint Committee to supervise the Agreement shall be set up. Chapter 3 closely follows the approach of the WTO General Agreement on Trade in Services (GATS). It covers trade in all services sectors among the four types of supply.

Separate Annexes concerning the recognition of qualifications of service providers (Annex X), free movement of natural persons providing services (Annex XI), electronic commerce (Annex XIII), telecommunications services (Annex XVI), co-productions (Annex XV), financial services (Annex XVI), health services (Annex XVII), tourism and travel services (Annex XVII) and international road transport and transport services Road sport and logistics services (Annex XIX) complete the chapter with additional sectoral disciplines. The lists of specific obligations and derogations from the most-favoured-nation regime of the Contracting Parties are set out in Annexes XII and IX respectively. . . .