Magazine article Europe-East

Eu/turkey : Tusiad: 2014 a "Realistic Date" for Ankara to Join the Eu

Magazine article Europe-East

Eu/turkey : Tusiad: 2014 a "Realistic Date" for Ankara to Join the Eu

Article excerpt

The Brussels-based representation of TUSIAD, the Turkish Industrialists' and Businessmen's Association, has released a statement in which it identifies 2014 as a realistic date for Turkey to join the EU. If growth continues at the current rate of 7 percent per year, "Turkey is expected to reach around fifty percent of the EU's per capita income by this date," says TUSIAD.

According to Turkish businessmen, only a strong and united Europe including Turkey can meet the challenges of the 21st century such as energy supply and external security. They predict that, in seven years' time, when Turkey is ready for EU membership, the country will be fully democratic and well advanced in terms of economic reforms.

TUSIAD is convinced that Turkey's accession will have a positive long-term impact on the future of the European Union and Europe in general. The EU would be able to take advantage of the strategic location of Turkey for its energy corridors and common foreign polices, say Turkish businessmen. "The young, vibrant, rapidly emerging and geo-strategically well-located Turkish market will be easily accessible to EU investors," says TUSIAD.

ECONOMY

The Turkish economy has been doing well in the last couple of years. The one-party government formed in 2002 by Prime Minister Recep Tayyip Erdogan, the leader of the Justice and Development Party (AKP), has been able to stabilise the economy following the 1999-2001 banking crisis and bring the chronically high (averaging over 60% a year) inflation down to less than 10% in 2006 (9. …

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