Friday, October 14, 2005

EU to give Turkey market economy status

The European Union Commission is expected to declare Turkey a "functioning market economy" next month in a fresh boost for Turkey's EU membership bid, a senior EU source said on Thursday.

Having a functioning market economy is one of the conditions for joining the EU and the commission's bestowing on Turkey of this coveted status in its next annual progress report on Nov. 9 could help accelerate accession negotiations on economic topics.

Read the rest of the article on Turkish Daily News

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