Due to its strategic location, Türkiye has been a transit country for most migrants and refugees and a necessary stop on their way to Europe. However, while Türkiye is a party to the 1951 Refugee Convention and the 1967 Protocol, it has limited its international law obligations to refugees fleeing “events occurring in Europe” and generally avoided regulating the field and establishing a national framework until early 2000s. Largely driven by the EU accession processes, Türkiye implemented legislative, institutional and policy reforms related to asylum and began making gradual changes to align its asylum and migration structures to the EU framework from 2001. Cooperation between the EU and Türkiye in the field of asylum and migration significantly changed with the so-called migration crisis in the EU in 2015. The EU-Türkiye Statement in 2016 which foresaw deliverance of one of the most significant financial assistances of the EU history relating to migrants, became a symbol -for both critics and supporters- of the EU external migration policies. This chapter based on the extensive fieldwork conducted in Türkiye between June and October 2021, analyses the political, legal and financial instruments through which the EU and Türkiye have cooperated in the field of migration and asylum between 2015 and 2021. The analysis focuses on the three main instruments: the EU- Türkiye Statement of March 2016, the EU- Türkiye Readmission Agreement, and the Facility for Refugees in Türkiye (FRiT) and these instruments are analysed on six points; transparency, accountability, conformity with international law, results, promoting containment or mobility and finally, the alignment with the Global Compact on Refugees (GCR).