The main objective of this study is to provide an analysis of transnational capital which is organised within TUSIAD (Türk Sanayici ve İşadamları Derneği, Turkish Industrialists and Businessmen Association). It focuses on their role in the social relations of production and the shifting patterns of the global free trade relations. In this sense, the role of the agency in global free trade relations within the context of Turkey is examined. Further, the relations of power and class struggle within the power bloc are examined in order to uncover the symbiotic relationship between the state and transnational capital in Turkey. The ways in which transnational capital have internalised the global relations of free trade within the context of Turkish social formation will be further examined.