Magazine article Europe-East

Eu/turkey : Two New Chapters Opened in Ankara's Eu Talks

Magazine article Europe-East

Eu/turkey : Two New Chapters Opened in Ankara's Eu Talks

Article excerpt

The European Union opened, on 17 June, two new chapters for negotiations with Turkey, bringing the number of policy areas Ankara has been negotiating since it began accession talks in 2005 to eight. Both chapters, namely company law (6) and intellectual property law (7) are accompanied by tough closing benchmarks - sets of conditions and requirements to be met by Turkey in order to close negotiations in both areas in question.

In the field of company law, Turkey is obliged to meet six closing benchmarks, including the adoption of the Turkish Commercial Code and modification of the Capital Markets Law. The EU also requires Ankara to fully align its accounting, financial reporting and statutory audit legislations with the EU acquis and to set up the Turkish Auditing Standards Board (a detailed analysis on the content of all closing benchmarks will be published by Europolitics New Neighbours in the coming days).

In the field on intellectual property law, Turkey was asked to fulfil four closing benchmarks. To successfully accomplish talks in this area, Ankara would need to engage in a dialogue on intellectual property rights and enhance its administrative capacity to enforce the rights concerning the fight against piracy and counterfeiting. Turkey was also obliged to provide a satisfactory track record of investigations, prosecutions and judicial treatment of violations of intellectual property law.

"REASONS OTHER THAN TECHNICAL"

Speaking at a press conference following the association conference, Turkey's Foreign Minister Ali Babacan welcomed the opening of two new chapters for talks. …

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