<P> The Ankara Agreement was signed on 12 September 1963 in Ankara . The Agreement initiated a three - step process toward creating a customs union to help secure Turkey's full membership in the EEC . Upon creation, the customs union would begin the integration of economic and trade policy, which the EEC considered necessary . </P> <P> An Association Council, set up by the Agreement, controls its development and gives the Agreement detailed effect by making decisions . </P> <P> In 1970, Turkey and the EEC agreed an Additional Protocol to the Agreement . </P> <P> One part of the Agreement was to be financial assistance from the EEC to Turkey, including loans worth 175 million ECU during the period from 1963 to 1970 . The results were mixed; EEC trade concessions to Turkey in the form of tariff quotas proved less effective than hoped, but the EEC's share in Turkish imports rose substantially during the period . </P>

Additional protocol of the ankara association agreement to cyprus