Monday, July 18, 2005

Turkey: 'The country's EU accession will not harm the bloc's economy'

Fears that the accession of Turkey to the European Union will harm the bloc's economy are unfounded, according to UK-based think tank, Centre for European Reform (CER).

In a CER essay entitled "The economics of Turkish accession", the author, Katinka Barysch claims that Turkey's economy is very small compared to that of the EU-25, and there is thus no reason to fear that the country's accession could harm the Union's economy.

Indeed, Barysch says that "what little impact Turkey's EU entry will have is likely to be positive".

Moreover, according to the CER essay, Turkey is in many ways better prepared than the Central and European countries were when they started their accession talks. This is in part due to the fact that Turkey already has a customs union with the EU.

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